CRZ 1.28% $10.30 carsales.com limited

Why i bought CRZ is this: Mike decides to get a new car. He...

  1. DSD
    15,757 Posts.
    Why i bought CRZ is this: Mike decides to get a new car. He can't afford a brand-new model so he visits car dealers. Mike is shocked by high cost of used-cars so he looks on net and sees CRZ have more cars for sale than the 3 opponents combined and multiplied by 2!! Mike finds a car for 8k. But he needs to sell his old ute. Knows dealers will offer zilch so he advertises on CRZ. CRZ save Mike thousands whilst making money for and from him. Simple really. With over 70% of all cars/boats/trucks/camping gear etc etc on one site CRZ are the Woolworths of theindustry. I doubt this dominant position will change much despite attempts by NewsCorp to lure dealers away. COB will continue to fall increasing margins.
 
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Currently unlisted public company.

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