announced in March increased its stake from 30 per cent to 70 per cent to take control of the fast-growing Brazilian business, which has delivered compound annual earnings growth of 28 per cent over the past five years.
“The staff were not shy at all about drilling me with questions. They were mostly worried about whether we were going to change the brand. But we’re rapt [with the brand]. That business will stand alone.”to buy the rest of US-based car marketplace Trader Interactive.Carsales was started by Greg Roebuck in Melbourne’s Oakleigh in 1997 but has since grown to an $8.7 billion ASX 100 giant. The Australian workforce is 800-strong.
Days after returning to Melbourne, McIntyre found a glass bottle outside his house had given his Ram 1500 TRX a flat tyre, and that the spare weighed some 50 kilograms.It served as a sharp reminder for the CEO not to get too big for his already large boots, the need to take care of the small stuff, and not forget that not so long ago Carsales was a small company – all while focusing on the big picture.“We treat the business as our own and every dollar as our own.