Five S&P/ASX 200 Index (ASX: XJO) shares are leaping to new record highs on Wednesday, helping send the benchmark index up 0.6% in afternoon trade.
Which stocks are we talking about?
Read on.
ASX 200 shares charging into new record territory
First up is property listings company REA Group Ltd (ASX: REA), which operates realestate.com.au.
The REA share price is up 1.3% at the time of writing, trading for $177.73 a share. That sees this ASX 200 share up 64% in 2023 and trading at new all-time highs.
The company has enjoyed strong growth, reporting a 12% year on year increase in its first-quarter revenue to $341 million. Operating earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 13% to $198 million.
Also hitting new all-time highs today is Cochlear Ltd (ASX: COH), which manufactures and sells cochlear implantable devices.
The Cochlear share price is up 0.8% today, trading for $301.61 a share. That's another new record high for this ASX 200 share, which first listed on the ASX way back on 4 December 1995. The Cochlear share price is now up 49.8% in 2023.
Cochlear has also enjoyed strong growth, reporting a 10% year on year increase in underlying net profit for FY 2023 to $305 million. And management is forecasting underlying net profit to grow by another 16% to 23% in FY 2024.
Which brings us to online classifieds company Car Group Ltd (ASX: CAR), formerly known as Carsales.
The Car Group share price has given back some of its earlier gains but remains up a slender 0.03% at the time of writing at $31 a share.
That's enough to see this ASX 200 share in new all-time high territory, up 53.3% in 2023 alone.
Car Group has attracted investor attention with its own strong growth. For FY 2023, the company reported an 18% year on year increase in pro forma revenue to $798 million. Adjusted net profit after tax (NPAT) was up 43% to $278 million.
What other ASX stocks are breaking records?
Joining these ASX 200 shares in setting a new all-time high today is Super Retail Group Ltd (ASX: SUL), whose brands include Supercheap Auto, Rebel, BCF, and Macpac.
The Super Retail Group share price is up 1.7% at $15.67 per share, the highest level since the company began trading on the ASX on 6 July 2004. That sees the Super Retail Group share price up 45% in 2023.
For its FY 2023, the company reported an 11% year on year increase in statutory NPAT to $263 million, along with a 9% boost in sales to $3.8 billion.
Rounding off the list of five ASX 200 shares marching into new record high territory today is diversified financial services company Hub24 Ltd (ASX: HUB).
The Hub24 share price has also given back some of its larger early intraday gains but remains up 0.1% at the time of writing, trading for $34.99 a share. That sees Hub24 shares up 31.8% in 2023.
In its Q1 FY 2024 results, the ASX 200 share reported net inflows of $2.8 billion for the quarter. The company's total Funds Under Administration (FUA) of $82.7 billion, as at 30 September, were up 21% from the prior corresponding quarter.
