CAR Group retires Kee Wong as director while Carsales stock sits 40.14 percent below its high

Published on 10/07/2026 at 00:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

CAR Group grew adjusted net profit 11.00 percent in fiscal 2026. Carsales stock stood at EUR 13.75 at Lang & Schwarz on October 5, 2026.

Carsales, AU000000CAR3, Illustration mit AI erstellt.

CAR Group retired non-executive director Kee Wong effective September 22, 2026, while Carsales stock was 40.14 percent below its AUD 37.37 52-week high at AUD 22.37 on October 1, 2026. MarketScreener reported that Wong had served on the board since July 9, 2018 and chaired the Sustainability Committee during his tenure.

Fiscal 2026 delivered double-digit growth

CAR Group's fiscal 2026 earnings provide the stronger operating reference for the stock. According to the Yahoo Finance transcript of the August 10, 2026 results call, pro forma revenue and EBITDA each grew 12.00 percent in constant currency, while adjusted net profit after tax increased 11.00 percent.

The company also reported a 56.00 percent EBITDA margin and 100.00 percent EBITDA operating cash conversion for fiscal 2026. The board declared a final dividend of AUD 0.44 per share, taking full-year dividends to AUD 0.86 per share, an 8.00 percent increase from fiscal 2025.

Guidance keeps the growth case intact

For fiscal 2027, management guided to revenue growth of 11.00-14.00 percent, adjusted EBITDA growth of 10.00-13.00 percent and adjusted net profit after tax growth of 9.00-12.00 percent, all on a constant-currency basis. The range leaves execution and currency effects as the central variables for the next reporting cycle.

Operationally, the transcript said conversion was up 26.00 percent on carsales. Australia delivered 7.00 percent revenue growth and 8.00 percent EBITDA growth in fiscal 2026, while Latin America posted 19.00 percent revenue growth and 23.00 percent EBITDA growth in constant currency.

ASX valuation remains below the yearly high

On October 1, 2026, the ASX context price was AUD 22.37 against a 52-week high of AUD 37.37, producing the 40.14 percent gap cited above. Market capitalization was AUD 8.34 billion on October 6, 2026, giving the operating figures a sizeable equity-market base.

At Lang & Schwarz, the prior close was EUR 13.75 on October 5, 2026. The continuously updated real-time quote of Carsales stock.