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Carsales (ASX:CAR) share price down 7% after raising $428 million

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The Carsales.Com Ltd (ASX: CAR) share price has returned from its trading halt this morning and is tumbling lower.

At the time of writing, the auto listings company’s shares are down 7% to $18.17.

Why was the Carsales share price in a trading halt?

Carsales requested a trading halt so…



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