Cartrade Tech consolidated net profit rises 71.23% in the June 2024 quarter

According to the bulk deal data available on the BSE, Highdell Investment sold 40.65 lakh shares, amounting to an 8.66 per cent stake in CarTrade Tech

Warburg Pincus, Temasek & JP Morgan sell 13.7% stake in CarTrade for Rs 535 crore

Shares of CarTrade Tech zoomed 14% in the afternoon session today after the e-retail firm logged a 50% rise in net profit

CarTrade Tech Rises 9% On Robust Q4 Earnings; What Should Investors Do? - News18

“CarTrade Tech stock has broken 2 years consolidation on heavy volume and sustaining well above this level. Traders can buy for a target of Rs 830 in the next 1 month,” Jay Patel, Research Head at Investmentor Securities Limited, said.



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Stock Radar: Buy or sell? CarTrade Tech has broken 2 years of consolidation on heavy volumes

OLX, one of the country’s leading classified players with more than 100-plus million app downloads, operates in 12 broad categories including cars, bikes, real estate, electronics, etc.

CarTrade Tech buys OLX’s classified and auto business in India for Rs 535.54 cr

CarTrade Tech Consolidated June 2023 Net Sales at Rs 86.07 crore, up 3.97% Y-o-Y

CarTrade Tech: Kotak said OLX Autos may face competition from start-ups such as Cars24, Cardekho, Spinny and other regional players. It, however, noted that CarTrade has sufficient cash to fund acquisition.

CarTrade Tech shares: Kotak downgrades stock to ‘sell’ after OLX Autos acquisition

The 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 added in a new statement that Sobek also consists of the OLX classifieds platform.

CarTrade Tech says it owns classifieds platform OLX’s entire India business

CarTrade Tech, a vehicle marketplace, will acquire OLX India’s automotive business, Sobek Auto India, for ₹537 crore. The acquisition includes Sobek’s classifieds internet business and transaction-based platforms. CarTrade Tech aims to achieve strategic objectives through investments that bring syne…

CarTrade Tech to acquire OLX India’s auto business for ₹537 cr

CarTrade Tech share price: On technical setup, the counter’s 14-day relative strength index (RSI) came at 70.03. A level below 30 is defined as oversold while a value above 70 is considered overbought. The company’s stock has a price-to-earnings (P/E) ratio of 69.96. It has a price-to-book (P/B) val…

CarTrade Tech shares jump 17% today amid heavy volumes; here’s why

The 30-share BSE Sensex pack rose 351 points or 0.53 per cent to trade at 65,693, while the broader NSE Nifty moved 101 points or 0.52 per cent up to trade at 19,457. Mid- and small-cap shares were positive as Nifty Midcap 100 moved 0.65 per cent higher and small-cap climbed 0.64 per cent.

Sensex jumps over 350 points; Nifty above 19,450; Reliance hits 52-week high; CarTrade Tech, Mazagon Dock jump up to 15%

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

The company operates the portal CarTrade.com. CarTrade.com is an online automotive classifieds platforms and focuses on business-to-business marketplace for used vehicles in India. 