Latest Online Automotive Marketplaces News

CAR Group's Brazilian subsidiary webmotors has agreed to buy a 51% stake in Auto Avaliar for R$543 million, or approximately A$144 million. The acquisition would expand webmotors into digital B2B vehicle valuation and trading, although completion still depends on Brazilian regulatory approvals.

CAR Group Limited reported a 14% increase in net profit after tax to AUD 332.4 million for FY26, driven by strong revenue growth and AI innovation across its global vehicle marketplaces.

CAR Group Limited has reported a strong first half for FY26, posting 13% revenue growth and reaffirming its optimistic outlook for the full year, driven by strategic AI integration and global market expansion.

CAR Group Limited has reported solid full-year FY25 results with revenue surpassing AUD 1.18 billion and adjusted NPAT rising to AUD 377 million, underpinned by global marketplace strength and strategic innovation. The company projects continued double-digit growth in FY26, driven by technology investments and market expansion.