Reporting season can see some stocks break share price rise records. These three companies are at the top of their game this week. Here’s why. Carsales.com Ltd (ASX: CAR) Shares in online advertising and data research company Carsales.com Ltd have kicked off the trading day at a 52-week high – after zooming up 10% during August 22 trade on its FY18 results release. Carsales reported a full-year net profit increase of 69% to $185 million from $110 million for FY17. But that wasn’t the end of the good news. Revenue lifted 19% for Carsales to $444 million – up from…
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Reporting season can see some stocks break share price rise records.
These three companies are at the top of their game this week.
Carsales.com Ltd (ASX: CAR)
Shares in online advertising and data research company Carsales.com Ltd have kicked off the trading day at a 52-week high – after zooming up 10% during August 22 trade on its FY18 results release.
Carsales reported a full-year net profit increase of 69% to $185 million from $110 million for FY17.
But that wasn’t the end of the good news.
Revenue lifted 19% for Carsales to $444 million – up from $372 million in FY17.
EBITDA rose 16% to $205 million and Carsales’ final dividend was 23.7c which was up 10% from FY17.
Investors responded well to the bumper results and Carsales’ shares may stay up for a while yet as the full impact of its recent acquisitions come into play which most investors would see as offering significant growth potential for the company globally.
Carsales has recently completed the acquisition of the remaining stake in its SK Encar and soloautos businesses with Brazil its standout international performer – booking revenue growth of 28% and EBITDA growth of 81% over FY18.
Afterpay Touch Group Ltd (ASX: APT)
Afterpay Touch Group shares have printed an all-time high this week.
Afterpay shares have gained a stunning 500% in the last 12-months with a business update in July for the period ended June 30 2018 revealing more than $2.18 billion underlying sales had been processed through the platform in FY18 – a 289% increase on FY17.
The launch of its US operations in May is off to a strong start with more than $11 million in underlying sales in the first month alone and more than 200 US retailers on the platform with more than 400 retail contracts signed.
Afterpay is not due to report its interim results until February 2019, but shareholders with skin in the game are hardly complaining right now with Afterpay planning on moving into the UK market.
Another speculative share that has had a stellar run in 2018 is geospatial map technology company Nearmap Ltd (ASX: NEA) – also sitting at a 52-week high this week after a share price increase of 148% in the last year.
TPG Telecom Ltd (ASX: TPM)
Telecommunications company TPG Telecom Ltd shares closed at a 52-week high on August 22 at $7.65 – up 21% from the previous day’s close.
TPG yesterday responded to media speculation it has “engaged in exploratory discussions” with Vodafone Hutchinson Australia Pty Ltd (VHA) in regards to a potential merger.
The company has been quick to point out there was no certainty the transaction would take place and current discussions were non-binding.
TPG already has a 50% interest in Vodafone Hutchinson Australia Pty Ltd.
But the entire telco sector enjoyed a nice rally from the news yesterday with telco giant Telstra Corporation Ltd (ASX: TLS) shares jumping up 7.2% yesterday with Hutchinson Telecommunications (Aus) Ltd (ASX: HTA) shares zooming more than 50% as Vocus Group Ltd (ASX: VOC) also got in on the action when its shares rose 7.4%.
Investors don't just want high share prices, they want the best dividends possible too. These ASX companies set to raise dividends!
It's been a nail-biter of a reporting season here in the first half of 2018.
But the real action, in my opinion, is what companies are doing with dividends.
What does this mean for you? Well there is one stock I've found that could very well turn out to be THE best buy of 2018. And while there's no such thing as a 'sure thing' when it comes to investing - this ripper might come as close as I've ever seen.
Motley Fool contributor Carin Pickworth owns shares of Telstra Limited. The Motley Fool Australia owns shares of and has recommended Nearmap Ltd., Telstra Limited, TPG Telecom Limited, and Vocus Communications Limited. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool Australia has recommended carsales.com 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.