CAR Group accelerates earnings as auto sales weather storm

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A solid contribution from US-based listing business Trader Interactive, coupled with a strong performance in Australia, Brazil and Korea, has accelerated underlying earnings for carsales.com website operator CAR Group (ASX: CAR) by 63 per cent.

The Melbourne-based company has lifted reported EBITDA to $269.4 million in the first half of FY24, up from $164.9 million a year earlier as reported revenue shot 60 per cent higher to $530.7 million.

The latest result was boosted by the…

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