Company Interview / CAR Group's strategy to stay in the fast lane

Key Points:

CAR Group reports 12% growth in revenue and EBITDAOngoing digitisation and innovation in secure payment solutionsStrong global diversification with focus on high-potential marketsAdvancements in AI driving enhanced consumer experiences

William Elliott of CAR Group highlights the company's strong recent growth, reporting a 12% increase in both revenue and pro forma EBITDA. Elliott states that CAR Group (ASX:CAR) is well positioned thanks to an ongoing focus on simplifying the vehicle buying and selling process. Digitisation remains central to the group's strategy, especially with recent advancements in facilitating secure payments between private buyers and sellers through its platform in Australia. Elliott suggests that broadening such innovations globally will further strengthen CAR Group’s market position.

Diversification is described as a key pillar for CAR Group. The Australian business now generates approximately 40% of group revenue, with expanding interests across the United States, Brazil and Korea. Elliott underlines the intention to leverage Australian-developed intellectual property and technology in large overseas markets to drive further share gains. While acquisition remains on the agenda, the company prioritises growth within existing key markets wherever possible, due to the significant opportunities they present.

Capital management, according to Elliott, remains robust, evidenced by a 41.5 cent dividend, up 8% year on year. The use of artificial intelligence, especially through conversational AI chatbots, is boosting user experience, instilling further confidence in continued double-digit earnings growth into FY26.