What’s in Carsales.Com Ltd After Today’s Huge Increase?

 What's in Carsales.Com Ltd After Today's Huge Increase?

The stock of Carsales.Com Ltd (ASX:CAR) is a huge mover today! The stock increased 3.04% or $0.3 on November 18, hitting $10.16. About 1.48M shares traded hands or 62.19% up from the average. Carsales.Com Ltd (ASX:CAR) has declined 13.75% since April 22, 2016 and is downtrending. It has underperformed by 18.18% the S&P500.
The move comes after 6 months positive chart setup for the $2.40B company. It was reported on Nov, 18 by Barchart.com. We have $12.29 PT which if reached, will make ASX:CAR worth $504.00 million more.

More notable recent Carsales.Com Ltd (ASX:CAR) news were published by: Fool.com.Au which released: “Is Carsales.Com Ltd set to dump iCar Asia Ltd?” on November 15, 2016, also Fool.com.Au with their article: “REA Group Limited, Carsales.Com Ltd or SEEK Limited: Which is the best buy?” published on November 12, 2016, Fool.com.Au published: “Carsales.Com Ltd shares fall on half-year report” on February 09, 2016. More interesting news about Carsales.Com Ltd (ASX:CAR) were released by: Fool.com.Au and their article: “Is Carsales.Com Ltd a good buy at today’s share price?” published on April 05, 2016 as well as Fool.com.Au‘s news article titled: “Where to from here for the Carsales.Com Ltd share price?” with publication date: August 09, 2016.

carsales.com Limited is an online automotive, motorcycle and marine classifieds business. The company has a market cap of $2.40 billion. The Company’s carsales network is an online destination for buying and selling cars, motorbikes, trucks, boats, caravans and machinery equipment. It has a 22.45 P/E ratio. The Company’s divisions include Online Advertising Services, Data and Research Services, International, and Finance and Related Services.

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