CarTrade, which is one of India’s largest online auto platforms, recorded the highest-ever quarterly revenue at Rs 115.86 crore in the third quarter of FY23.

CarTrade Tech races 7% on clocking highest ever quarterly sales in Q3

CarTrade Tech jumped 5.45% to Rs 499 after the company’s consolidated adjusted net profit rose 15% to Rs 24.05 crore on 9% increase in net revenue from operations to Rs 93.71 crore in Q3 December 2022 over Q3 December 2021.

CarTrade Tech spurts after good Q3 numbers

Cartrade Tech reports consolidated net profit of Rs 13.03 crore in the December 2022 quarter

Cartrade Tech vs PB Fintech vs Nykaa: With shares of the three new age firms erasing considerable investor wealth since their debut, the outlook of these stocks looks uncertain.

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Solara Active Pharma Sciences Ltd, Cartrade Tech Ltd, Shoppers Stop Ltd and Home First Finance Company India Ltd are among the other losers in the BSE’s ‘A’ group today, 25 October 2022.

Laurus Labs Ltd leads losers in ‘A’ group

CarTrade Tech Consolidated September 2022 Net Sales at Rs 87.89 crore, up 13.3% Y-o-Y

Cartrade Tech reports consolidated net profit of Rs 3.44 crore in the September 2022 quarter

CarTrade Tech Ltd., incorporated in the year 2000, is a Small Cap company (having a market cap of Rs 2830.99 Crore) operating in Services sector.

Buy CarTrade Tech, target price Rs 840: JM Financial

Cartrade Tech allots 18,000 equity shares under ESOP

CarTrade Tech has floated around 4.66 crore shares out of which around 2.66 crore shares are held by pre-IPO investors

Lock-in for CarTrade Tech shares end today. Will Zomato-like crash repeat?

CarTrade Tech share price today is more than 57 per cent lower to its issue price of ₹1618 per equity share

Zomato, Paytm to Policybazaar: Investors lost whopping money in these tech IPOs

Hasn't faired well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Average profitability - not good, not bad

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. 