With credit harder to obtain and the royal commission cracking down on car dealers, Carsales’ own Stratton finance division could struggle.
James Greenhalgh is a senior analyst at Intelligent Investor (under AFSL 282288), owned by InvestSMART Group Limited. James graduated with a Bachelor of Commerce shortly after the ‘recession we had to have'. After stints in financial planning and with stockbroking firm County Natwest, he realised that poring over annual reports was his true vocation. James has 24 years of investing experience under his belt, with almost half of them at Intelligent Investor. His main areas of focus are the retail and media sectors. To unlock Intelligent Investor stock research and buy recommendations, take out a 15-day free membership.
The decline in display advertising and credit tightening presages a more significant downturn for Carsales, but now could be the time to buy.
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