Australia's Carsales.com hits over 7-month high on strong FY results

CAR

15/08/2022 02:01

** Shares of Carsales.com Ltd  CAR.AX  jump as much as 6.3%
to A$23.01, their highest since Jan. 13 
    ** Online auto classifieds firm posts FY adjusted NPAT of
A$195 mln ($138.78 mln), up 27% from a year ago  urn:newsml:reuters.com:*:nASX1MGT3h
    ** Also posts 16% jump in FY adjusted revenue and declares
final dividend of 24.5 Australian cents per share, up 9% from
year ago
    ** "Outlook commentary appears to be broadly positive" - RBC
Capital Markets
    ** Stock among top gainers on the benchmark index  .AXJO 
    ** Stock posts its biggest intraday pct gain since June 17
    ** Stock down 11.2% YTD as of last close


($1 = 1.4051 Australian dollars)

 (Reporting by Harish Sridharan in Bengaluru)
 ((harish.sridharan@thomsonreuters.com))