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CARTRADE AUTO
CarTrade Tech shares surge 12% in two days after launching new used-car platformCarTrade Tech shares rallied after the company launched CarTrade Used Auto, a new platform targeting India’s fragmented used-car market. In...- Banks look risky, bet on EVs and innovators: Dipan Mehta on where to put your money nowMarket expert Dipan Mehta advises investors to focus on individual stocks rather than the Nifty amidst market volatility. He suggests avoid...
- After Norges Bank stake purchase, Elara initiates a buy on CarTrade Tech, sees 50% upside post 160% 1-year rallyElara Capital initiated coverage on CarTrade Tech with a Buy rating, targeting ₹3,590, implying 50% upside. The multibagger stock rallied 1...
- CarTrade Technologies open to further acquisitions to fast-track expansion plansThe integration with OLX, CEO Vinay Sanghi said, has also helped more than double the average number of unique visitors to 68 million per m...
- CarTrade's Sobek shuts customer-to-business operations, shifts focus to classifieds businessSobek Auto’s C2B transaction business struggled with its unit economics. The company aims to reduce both human resource and other administr...
- CarTrade Tech shares jump 7% as Q1 PAT soars 300% YoYThe company received 3.4 crore average monthly unique visitors for Q1 FY24, of which 85% were organic, the company filing claimed. The numb...
- CarTrade Tech says it owns classifieds platform OLX’s entire India businessThe company had earlier said that it was acquiring 100% of Sobek Auto India Pvt Ltd, the entity that houses OLX India's auto business, but ...
- CarTrade to acquire OLX India’s auto business for Rs 537 croreIn a stock exchange filing on Monday, CarTrade said that it will acquire 100% stake in Sobek Auto India Pvt Ltd, the entity which houses OL...
- CarTrade Q4 results: Profit at Rs 17.5 crore, revenue grows 19% YoYMulti-channel auto platform CarTrade Tech reported a consolidated net profit of INR17.49 crore ($2.3m) for Q4 FY23. This compares with a ne...
- CarTrade launches CarTrade Ventures, plans to invest Rs 750 crore in automotive spaceThe company, in a statement, said it will look to acquire and invest in companies offering differentiated services and technology in the au...
- CarTrade Tech tanks 10% after company reports loss in Q4Following the development, shares of CarTrade Technologies tumbled about 10 per cent to Rs 573.50, before trading at Rs 589.55 at 9.50 am. ...
- Nomura initiates coverage on this new-age stock with 'buy'Nomura has set a target price of Rs 770 on the stock. Interestingly, in order to reach all-time high level of Rs 1,610, the stock will need...
- CarTrade to deploy $100 mn for acquisitionsCarTrade wants to pick up a stake in companies that are driving innovation in all aspects of the automobile ecosystem, including auto finan...
- CarTrade Tech to invest $100 million, eyes new acquisitions to accelerate growthIn a bid to further strengthen its position as a leading automotive platform in India the group wants to strengthen itself by acquiring and...
- You might not be able to recover your investment in CarTrade even after a yearGoing by the views of the first analyst to start coverage on the stock, you might not recover your investment even after a year.
- CarTrade Tech IPO allotment status: Here's how to check itThe issue, which was sold in Rs 1,585-1,618 price band, was subscribed 20.29 times on the closing day of the subscription on Wednesday.
- CarTrade Tech IPO opens Monday: Key things to know before applyingMumbai-based CarTrade Tech is a multichannel mobility platform that is looking to raise about Rs 2,999 crore from the primary market. Here ...
- CarTrade gets Sebi nod for Rs 2,000 crore IPOThrough the offer, some of CarTrade’s existing shareholders, which include marquee investors like Warburg Pincus, Temasek and JP Morgan, ar...
- We'll Now Lead in Both New & Used Cars: CarTrade CEOOnline automobile classifieds firm CarTrade intends to build the country's largest auto platform with its acquisition of rival CarWale.
- CarTrade raises Rs 185 crore from Warburg Pincus, existing investorsWarburg Pincus is focused on growth investing and has over $ 39 billion in assets under management spanning over 125 companies.
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