CAR reported FY23 performance ending June 30, 2023

Carsales.com Limited (ASX: CAR) has revealed its comprehensive performance results for the fiscal year concluding on June 30, 2023. The company bolstered its market leadership in key regions, boasting a monthly global unique audience of over 42 million individuals.

Proforma results, offering the most accurate reflection of the underlying business performance, showed an 18% revenue increase to AU$942 million, and a 19% rise in EBITDA to AU$496 million.  Adjusted results, incorporating the consolidation of Trader Interactive and web motors for the first time in FY23, exhibited a 53% revenue surge to AU$781 million, a 57% growth in adjusted EBITDA to AU$425 million, and an adjusted NPAT of AU$278 million, marking a 43% increase. Adjusted EPS also grew by 17%. Reported EBITDA surged 49% to AU$400 million, NPAT rose to AU$646 million, up 301%.

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