$CAR:ASX - CARSALES.COM - Running nicely

Carsales has been having a nice steady run, up 55% over the last 12 months. Could be worth a watch.

Carsales.com Ltd. engages in the operation of online automotive, motorcycle and marine classifieds business. It provides car buying and selling services in Australia. The company also provides provide online advertising solutions to media agencies and its clients, dealers, industry organizations and many other businesses. It operates through following segments: Online Advertising, Data, Research and Services, International, Finance and Related Services. The Online Advertising Services segment comprises of classified advertising, which allows customers to advertise automotive and non-automotive goods and services for sale across the carsales network; and display advertising, which displays the product or service offerings of the corporate advertiser. The Data and Research and Services segment offers software, analysis, research and reporting, valuation services, website development and hosting as well as photography services. The International segment operates in overseas countries through subsidiaries and equity accounted associate investments. The Finance and Related Services segment provides innovative vehicle finance arrangements, vehicle procurement and other related services to customers. The company was founded by Gregory Paul Roebuck on June 18, 1996 and is headquartered in Richmond, Australia.