CAR Group Ltd

CAR: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$54.00	Mfzzgrh	Wzrfkfbw

Carsales.com’s AUD 15.80 Fair Value Estimate Maintained Following Accounting Standard Change

Oct 14, 2019

We have updated our financial model for narrow-moat-rated Carsales.com to reflect the introduction of the new accounting standard relating to operating leases, known as AASB 16. The new accounting standard aligns the treatment of finance and operating leases and effectively assumes the lessee has financed the purchase of the leased asset with debt. This results in the replacement of rental expenses with additional depreciation and interest expenses.

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To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.

Read our editorial policy to learn more about our process.

United States