Why Carsales, Incitec Pivot, Infinity Lithium, & Nuix shares are sinking

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to start the week on a positive note. At the time of writing, the benchmark index is up 0.4% to 7,040.4 points.

Four ASX shares that have failed to follow the market higher are listed below. Here’s why they are sinking:

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