Carsales.Com is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio. The stock is up 14% since being added in December 2020.
1H21 result with adjusted EBITDA of $125 is up 16% on the same time last year. With the stock trading on 30+PE, the short-term upside is limited.
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Forward yield into FY22 now stands at 2.6%, which is supported by 10%+ EPS growth.
