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Carsales.com shares have lifted in early trade after it announced plans to offload its stake in the underperforming Stratton Finance.

The online auto marketplace said it would conduct a strategic review and pursue the sale of its 50.1 per cent interest in Stratton, with plans to list the segment as a discontinued operation in the FY19 results to be reported on August 21.

Carsales.com booked an 82 per cent drop in first-half profit in February following a $48 million impairment against its stake in Stratton as vehicle finance, insurance and new car sales faced industry-wide pressure.

Carsales.com said, though Stratton had adapted well to regulatory changes and digital transformation, it anticipated better growth and development opportunities in its core Australian and international businesses.

Shares in Carsales.com climbed 2.99 per cent to $14.11 by 1030 AEST on Thursday and have now gained more than 28 per cent in 2019 so far.