Carsales completes Mexican acquisition

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    Online car seller has completed the acquisition of a 65 per cent stake in Mexico-based auto classifieds website SoloAutos.

    The company in August said it would acquire the SoloAutos stake for around $9 million. It has funded the buy through existing debt facilities.

    Carsales lifted full year net profit eight per cent to a record $103.2 million for 2014/15, helped by a number of Australian and overseas acquisitions.

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    Been eyeing of CAR an excellent buisness an a very dominant player spreading globally looks pretty good value under ten bucks to me

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