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Three companies to buy now

REA Group Limited (ASX: REA) released its 3Q18 results last week with 19% year on year 3Q18 revenue growth, and 19% EBITDA growth, which was better than forecasts. The share price has reacted favourably and has risen 17% year to date. UBS has increased FY18 earnings per share by 2% and FY19 by 1%. UBS sees positives earnings outcomes from the launch of new agent branding products, and financial impact of HomeTrack, a provider of property data services to the financial sector

UBS has a price target of $80, so at the current price of $89.9 and forward price-earnings-ratio (PER) of 43x REA Group is looking expensive.

The nearest competitor of REA Group is Domain Holdings Australia Ltd (ASX: DHG), which is trading on a forward PER of 43x. While, Carsales.Com Ltd (ASX: CAR), in the same sector, is trading on a PER of 23x compared to the Software and Services Industry median PER of 28.5x.

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Motley Fool contributor Rosemary Steinfort has no position in any of the stocks mentioned. The Motley Fool Australia has recommended carsales.com Limited and REA Group Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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