CAR Group Expands webmotors With Auto Avaliar Stake Purchase

webmotors Agrees to A$144 Million Brazilian Acquisition

CAR Group Limited (ASX:CAR) is taking control of a business that sits behind the consumer-facing used-car market. Its Brazilian subsidiary, webmotors, has agreed to acquire 51% of Auto Avaliar for R$543 million, equivalent to approximately A$144 million.

Auto Avaliar operates a digital B2B platform for valuing and trading used vehicles between dealerships, independent retailers and rental companies. The deal therefore adds a business-to-business transaction layer to webmotors' Brazilian operations, although the announcement does not disclose Auto Avaliar's revenue, earnings or other financial metrics.

Limited Near-Term Earnings Contribution Expected

CAR Group said the transaction is not expected to have a material impact on its consolidated revenue or earnings. That makes the acquisition strategically relevant without presenting it as a near-term group earnings event.

The company has not disclosed how the purchase will be funded, nor provided an expected completion date. Those omissions leave the balance-sheet effect and the eventual contribution from Auto Avaliar open questions for shareholders, despite the stated purchase price.

Brazilian Regulatory Approvals Remain Outstanding

Completion remains conditional on approval from Brazil's Administrative Council for Economic Defense, known as CADE, and the Central Bank of Brazil. Customary closing conditions also apply, meaning the agreed transaction is not yet a completed acquisition.

The next concrete milestone is therefore regulatory clearance rather than an immediate earnings update. Until those approvals arrive, the deal's value to CAR Group rests on webmotors securing control of the platform and the longer-term opportunity to build its Brazilian B2B vehicle marketplace.