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Smart Parking Ltd
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About Smart Parking Ltd
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FUND MANAGER
DATE
16 Jul 2026
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The entries below are records originating from third-party statements. Thesis Tracker does not rank, recommend or endorse any fund manager, fund or security. Investment decisions should be made on the basis of the relevant Product Disclosure Statement and, where appropriate, advice from a licensed adviser.
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Frequently asked questions about Smart Parking Ltd (ASX:SPZ)
Frequently asked questions
Who is investing in Smart Parking Ltd (ASX:SPZ)?
Fund managers including Endeavor Asset Management, Mereweather Capital, Salter Brothers, Prime Value Asset Management, Blackwattle Investment Partners, SG Hiscock & Company, Merewether Capital, Pendal Group, Ausbil Investment Management, Acorn Capital and Plato Investment Management have invested in Smart Parking Ltd (ASX:SPZ).
What opportunities or catalysts do fund managers highlight for Smart Parking Ltd?
Multiple managers were bullish through mid-2025 into early 2026. Endeavor Asset Management and Prime Value, both commenting around August 2025 (share price ~$0.97), highlighted a strong FY25 result (revenue $77m, EBITDA $21m, both ahead of expectations), expansion into six regions, 437 new sites added (total 1,799) putting the company well on track for its 3,000-site target before December 2028, and an annuity-like, hard-to-displace technology once installed. Blackwattle and Endeavor (October 2025, share price ~$1.26) pointed to accelerating Q1 revenue growth (28%, up from 22%), EBITDA growth above 50%, expansion into Switzerland and the U.S., and broker upgrades on recurring revenue. Endeavor (November 2025, ~$1.35) and SG Hiscock (December 2025, ~$1.30) cited continued execution on the U.S. acquisition, UK yield upside, and steady progress toward the 3,000 car-park target. Prime Value (December 2025) noted market-penetration runway across six countries and backing from Chairman Chris Morris, founder of Computershare. Merewether Capital (February 2026, ~$1.23) reported revenue up 96% and profit up 165%, and had ridden the stock from roughly 20c to a final exit at over a 500% return.
What are the key risks to the Smart Parking Ltd investment thesis, according to fund managers?
Merewether Capital, commenting around February 2026 (share price ~$1.23), exited its position because the risk/reward had deteriorated: the trading multiple had expanded from about 18x to over 30-40x earnings, and it flagged that regulatory risks around private car-park management remain, possibly increasing as the company gets more aggressive chasing unpaid breaches via debt collectors. In April 2026 (share price ~$0.86), Pendal Group noted the holding detracted on concerns that lower traffic from higher fuel prices could hurt revenue, though Ausbil Investment Management and Acorn Capital, commenting the same month, called the sell-off overreaction with no evidence of any slowdown in infringement notices and the growth thesis still intact. The most serious flag came from Plato Investment Management (July 2026, ~$0.76), which took a short position after a results call in which management appeared evasive on reputational risk, a looming UK price cap, and debt-book quality, and where record headline growth leaned on an acquisition and a one-off-looking surge in debt recovery while underlying UK volumes were flat and margins slipped; the stock subsequently fell over 30% in the following three months.
What is the short interest in Smart Parking Ltd (ASX:SPZ)?
The short interest in Smart Parking Ltd (ASX:SPZ) is 0.01% which makes it the 521st most shorted stock on the ASX. Of the 410.2M shares that Smart Parking Ltd has on issue, 41.5K have been sold short.
What does Smart Parking Ltd (ASX:SPZ) do?
Smart Parking Ltd., founded in 2006 and headquartered in Melbourne, designs, develops, and manages parking technology solutions. The company operates through three segments: Technology, which provides parking hardware and software; Parking Management, offering management services to the retail sector, agents, and landowners; and Research and Development, focused on enhancing technological solutions. Smart Parking Ltd. delivers end-to-end infrastructure for efficient parking operations.