The CAR Group Limited (ASX: CAR) share price is in focus today after the company reported FY26 revenue of $1,253 million, up 6%, and NPAT of $314 million, up 14% on the prior year.
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What did CAR Group Limited report?
- Reported revenue: $1,253 million, up 6% on the prior corresponding period
- Reported NPAT: $314 million, up 14% on prior year
- Reported EBITDA: $667 million, up 8%
- Proforma revenue: $1,253 million, up 12% on a constant currency basis
- Final dividend: 43.5 cents per share (30% franked), bringing total FY26 dividend to 86.0 cents per share, up 8%
- EBITDA to operating cash flow conversion of 100%
What else do investors need to know?
CAR Group continued to grow across all its core markets. In Australia, revenue rose by 7%, with strong performance from carsales, product innovation, and the launch of Nexgate, a new dealer platform. North America saw 12% constant currency growth in both revenue and EBITDA, helped by premium dealer products and new acquisitions.
Latin America delivered 19% constant currency revenue growth, driven by audience expansion and service improvements in webmotors, while the Asia segment reported 15% constant currency revenue growth. The company continues to invest in artificial intelligence and connected vehicle solutions, with a global AI hub launched in Brazil to accelerate new product development.
What did CAR Group management say?
CAR Group's CEO, William Elliott, commented:
CAR Group has delivered another excellent year, with strong financial and operational outcomes across our global portfolio. This result reflects the growth capacity of our diversified business model, the quality of our market-leading businesses and the ongoing execution of our strategy.
We enter FY27 with confidence. Our leading marketplace brands, expanding technology ecosystems, proprietary data and accelerating innovation provide a compelling foundation for continued long-term growth.
What's next for CAR Group Limited?
Looking ahead to FY27, CAR Group expects revenue growth of 11–14% and adjusted EBITDA growth of 10–13% on a constant currency basis. The company plans for high single-digit revenue growth in Australia and double-digit growth in North America, Latin America and Asia.
Strategic focus areas include ongoing AI-led product development, expanding connected vehicle ecosystems, and continued investment in innovation. Management also signalled plans to broaden dealer services and enhance customer experiences across all regions.
CAR Group Limited share price snapshot
The CAR Group share price has underperformed the S&P/ASX 200 index (ASX: XJO) by some distance over the past 12 months with a decline of almost 30%.
