Portfolio manager Edward Waller thinks the market is being too conservative on Carsales and tells us why he likes FleetPartners.
Edward Waller is deputy portfolio manager of Yarra Capital Management’s Ex-20 Australian Equities Fund. The Melbourne-based firm manages $20.1 billion in assets.FleetPartners is one stock in our portfolio, which many are probably unfamiliar with. It providesThe company has emerged from a period of simplification and balance sheet repair and, like many Australian companies, it has recently experienced some over earning through the post-COVID-19 period as a result of elevated used car prices.
and reached its valuation target requires greater discipline than selling a stock that hasn’t delivered on an investment thesis.
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