AUS
NZ
UK
CA
USA
IND
Highlights
- HUB24 (ASX:HUB) saw a 110% share price rise in 2024.
- CAR Group (ASX:CAR) operates globally, showing strong revenue growth.
- Both companies report impressive profit gains and high growth potential.
When it comes to investing in the Australian market, HUB24 Ltd and CAR Group Limited have been among the stocks drawing attention as we move into 2025. Let's break down why these two stocks could be worth considering based on their recent growth and market position.
HUB24 (ASX:HUB) – A Rising Star in Wealth Management
Founded in 2007, HUB24 has established itself as a leading player in the wealth management industry, offering a variety of financial services, such as software and platform solutions for superannuation, investment management, and financial advice. With products like the HUB24 platform, Class software for self-managed super funds (SMSFs), and the Myprosperity client portals for accountants and financial advisers, HUB24 has proven its adaptability to the evolving financial landscape.
In terms of market performance, HUB24's share price has experienced a remarkable 110.4% surge in 2024, signaling strong investor interest. HUB24’s commitment to high-quality service was recognized when it won several accolades in 2024, including the title of "Overall Best Platform" in the Adviser Ratings Financial Advice Landscape Report. The company’s reputation for customer satisfaction and reliability is a testament to its competitive edge.
CAR Group (ASX:CAR) – Dominating Global Online Marketplaces
On the other hand, CAR Group has been a major player in the online vehicle marketplace space, serving customers since the 1990s. The company operates key online platforms such as carsales in Australia, Encar in South Korea, Trader Interactive in the U.S., and chileautos in Chile. By providing a secure and user-friendly platform for both buyers and sellers, CAR Group simplifies the vehicle transaction process and enhances the customer experience.
CAR’s share price has also shown steady growth, currently just 8.1% away from its 52-week high. Its performance across multiple regions indicates a well-diversified business with growth potential. The company reported a strong annual revenue increase of 37% over the last three years, bringing its FY24 revenue to $1.099 billion. As CAR continues its global expansion, the outlook for continued growth seems promising.
Strong Financial Performances
When examining the financials, both companies stand out for their impressive growth trajectories. HUB24 has seen a remarkable 44.4% increase in annual revenue, reaching $328 million for FY24, with net profits increasing from $10 million to $47 million. CAR Group also experienced impressive growth, with revenue rising by 37% annually to reach $1.099 billion and net profits jumping from $131 million to $250 million.
With both companies showing robust revenue and profit growth, as well as consistent year-over-year improvements, HUB24 and CAR Group present compelling cases for potential investment in 2025.
