Australia's Carsales.com climbs on strong earnings, beats analyst estimates

CAR

13/02/2022 23:54

** Shares of Carsales.com  CAR.AX  rise as much as 7% to
A$23.100, post their best intraday session since Aug 17 
    ** Co says its interim adjusted net profit rose 19.9% to
A$88.7 mln ($63.34 mln), beating RBC estimate of A$87.3 mln, and
also declared an interim dividend of 25.5 cents per share 
 urn:newsml:reuters.com:*:nASX8WpMhw
    ** Its first-half revenue of A$241.9 mln beat RBC's estimate
by 9.8%  
    ** Says it expects to deliver solid growth in adjusted
revenue and NPAT in FY22
    ** Stock hits highest since Feb 1 
    ** Stock down ~14% this year, as of last close 

     ($1 = 1.4004 Australian dollars)

 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))