Why ASX auto stocks have produced stellar returns, and what to expect next from the used car sector - Stockhead
| CAR Stock | 41.26 0.24 0.58% |
Slightly above 62% of CAR GROUP's investor base is looking to short. The analysis of overall sentiment of trading CAR GROUP LIMITED stock suggests that many investors are alarmed at this time. CAR GROUP's investing sentiment can be driven by a variety of factors including economic data, CAR GROUP's earnings reports, geopolitical events, and overall market trends.
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Why ASX auto stocks have produced stellar returns, and what to expect next from the used car sector Stockhead
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CAR GROUP Fundamental Analysis
We analyze CAR GROUP's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of CAR GROUP using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of CAR GROUP based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
EBITDA
EBITDA Comparative Analysis
CAR GROUP is currently under evaluation in ebitda category among its peers. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
CAR GROUP LIMITED Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with CAR GROUP stock to make a market-neutral strategy. Peer analysis of CAR GROUP could also be used in its relative valuation, which is a method of valuing CAR GROUP by comparing valuation metrics with similar companies.
Peers
CAR GROUP Related Equities
| AHC | Austco Healthcare | 4.17 | ||||
| EVT | Event Hospitality | 2.98 | ||||
| DUG | Dug Technology | 1.20 | ||||
| IEL | IDP Education | 1.96 |
Additional Tools for CAR Stock Analysis
When running CAR GROUP's price analysis, check to measure CAR GROUP's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CAR GROUP is operating at the current time. Most of CAR GROUP's value examination focuses on studying past and present price action to predict the probability of CAR GROUP's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CAR GROUP's price. Additionally, you may evaluate how the addition of CAR GROUP to your portfolios can decrease your overall portfolio volatility.