carsales.com Limited (ASX: CAR) announced its results for the half year ended 31 December 2019. The company delivered record set of results despite challenging domestic market conditions.
- The company reported revenue of $214 million, up 5% mainly due to growth in the domestic Dealer and Private businesses;
- Adjusted EBITDA was up 6% to $107 million and EBITDA margin expanded from 49% to 50%;
- Reported profit was up 22% reflecting the benefit of various non-cash gains from asset and option revaluations.
At AEST 01:11PM, the stock was trading at $18.970 per share, up by 7.662% from its previous close.