CAR Group’s webmotors agrees to acquire 51% of Auto Avaliar for R$543 million
CAR Group Limited (ASX: CAR) confirmed on 29 October 2026 that webmotors, a CAR Group subsidiary, has agreed to acquire 51% of Auto Avaliar for R$543 million (approximately A$144 million). The confirmation follows recent media commentary and the start of the public regulatory approval process with the Brazilian Administrative Council for Economic Defense (CADE).
The acquirer is webmotors rather than CAR Group directly. The transaction is not expected to have a material impact on CAR Group’s consolidated revenue or earnings.
Key figures from the announcement:
- Stake: 51% of Auto Avaliar
- Price: R$543 million (approximately A$144 million)
- Impact: not expected to have a material impact on consolidated revenue or earnings
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Deal snapshot: who, what and what is needed to close
The table below summarises the transaction as described in the announcement.
| Item | Detail |
|---|---|
| Acquirer | webmotors (a CAR Group subsidiary) |
| Target | Auto Avaliar |
| Stake | 51% |
| Consideration | R$543 million (approximately A$144 million) |
| Approvals required | CADE and the Central Bank of Brazil |
Completion remains subject to the following:
- Regulatory approval from CADE
- Regulatory approval from the Central Bank of Brazil
- Customary closing conditions
What is Auto Avaliar and why does it fit CAR Group’s Brazil strategy?
Auto Avaliar is described as a leading digital B2B platform that facilitates the valuation and trading of used vehicles between dealerships, independent retailers and rental companies.
A B2B (business-to-business) platform serves trade participants rather than the general public. That differs from a consumer listings marketplace, where private buyers and sellers browse advertisements. Valuation and dealer-to-dealer trading are part of how used vehicles move through the wider vehicle marketplace ecosystem.
CAR Group describes itself as a global digital marketplace business with a vision to be the global leader in online vehicle marketplaces. Its operations span several international markets:
- Australia (carsales)
- South Korea (Encar)
- United States (Trader Interactive)
- Chile (chileautos)
- Brazil (majority shareholder of webmotors)
The agreement would extend CAR Group’s vehicle marketplace footprint in Brazil through a subsidiary, subject to the approvals above.
Latin America was the standout segment in CAR Group’s most recent annual result, with 19% constant currency revenue growth, which places the Auto Avaliar agreement within a region already contributing disproportionately to group growth.
What happens next for the Auto Avaliar acquisition
The announcement states three pending items, none of which carries a stated date:
- Regulatory approval from CADE: the public approval process has started. CADE is the responsible authority.
- Regulatory approval from the Central Bank of Brazil: the Central Bank of Brazil is the responsible authority.
- Satisfaction of customary closing conditions.
For investors, the deal is an incremental, subsidiary-level step, with management not expecting a material impact on consolidated revenue or earnings.
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