CarTrade Tech Limited

CARTRADE

INE290S01011

Internet Services

Market Closed - NSE India S.E. Other stock markets 07:40:29 2024-05-21 am EDT			5-day change	1st Jan Change
924.4 ^INR	+0.65%		+0.36%	+29.52%

May. 07	Nomura Adjusts CarTrade Tech’s Price Target to INR982 From INR887, Keeps at Buy	MT
May. 07	Cartrade Tech's Consolidated Net Profit, Revenue Rise in Fiscal Q4; Shares Rise 4%	MT

CarTrade Tech Limited completed the acquisition of Sobek Auto India Private Limited from Olx India B.V. for INR 5.4 billion.

August 10, 2023

CarTrade Tech Limited (NSEI:CARTRADE) entered into a share purchase agreement to acquire Sobek Auto India Private Limited from Olx India B.V. for INR 5.4 billion on July 10, 2023. The transaction is expected to close within 21 to 30 days.

CarTrade Tech Limited (NSEI:CARTRADE) completed the acquisition of Sobek Auto India Private Limited from Olx India B.V. for INR 5.4 billion on August 11, 2023.

Latest news about CarTrade Tech Limited

Nomura Adjusts CarTrade Tech’s Price Target to INR982 From INR887, Keeps at Buy	May. 07	MT
Cartrade Tech's Consolidated Net Profit, Revenue Rise in Fiscal Q4; Shares Rise 4%	May. 07	MT
Transcript : CarTrade Tech Limited, Q4 2024 Earnings Call, May 06, 2024	May. 06
CarTrade Tech Limited Reports Earnings Results for the Fourth Quarter Ended March 31, 2024	May. 06	CI
CarTrade Tech Limited Reports Earnings Results for the Full Year Ended March 31, 2024	May. 06	CI
Nomura Adjusts CarTrade Tech's Price Target to INR887 From INR876, Keeps at Buy	Feb. 09	MT
Transcript : CarTrade Tech Limited, Q3 2024 Earnings Call, Feb 08, 2024	Feb. 08
CarTrade Tech Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023	Feb. 08	CI
CarTrade Technologies Open to Further Acquisitions	Jan. 11	CI
Nomura Adjusts CarTrade Tech's Price Target to INR876 From INR776, Keeps at Buy	Nov. 13	MT
Transcript : CarTrade Tech Limited, Q2 2024 Earnings Call, Nov 09, 2023	Nov. 09
CarTrade Tech Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023	Nov. 09	CI
Nomura Adjusts CarTrade Tech's Price Target to INR776 From INR678, Keeps at Buy	23-10-26	MT
CarTrade's Sobek Auto to Shut Down Part of Operations	23-10-25	MT
Transcript : CarTrade Tech Limited, OLX India Private Limited - M&A Call	23-08-21
CarTrade Tech Acquires Sobek Auto India	23-08-13	MT
Nomura Adjusts CarTrade Tech's Price Target to INR678 From INR569, Keeps at Buy	23-08-11	MT
CarTrade Tech Limited completed the acquisition of Sobek Auto India Private Limited from Olx India B.V. for INR 5.4 billion.	23-08-10	CI
Transcript : CarTrade Tech Limited, Q1 2024 Earnings Call, Aug 10, 2023	23-08-10
CarTrade Tech Limited Reports Earnings Results for the First Quarter Ended June 30, 2023	23-08-10	CI
CarTrade Tech to Acquire Sobek Auto India for INR5.4 Billion	23-07-11	MT
CarTrade Tech Limited entered into a share purchase agreement to acquire Sobek Auto India Private Limited from Olx India B.V. for INR 5.4 billion.	23-07-09	CI
Nomura Adjusts CarTrade Tech’s Price Target to INR569 From INR705, Keeps at Buy	23-05-02	MT
CarTrade Tech Limited Reports Earnings Results for the Full Year Ended March 31, 2023	23-04-28	CI
CarTrade Tech Limited Reports Earnings Results for the Fourth Quarter Ended March 31, 2023	23-04-28	CI

Chart CarTrade Tech Limited

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Company Profile

CarTrade Tech Limited is an India-based multi-channel auto platform with coverage and presence across vehicle types and value-added services. The Company offers a variety of solutions across the automotive transaction value chain such as the buying, selling, marketing, valuation, and financing of new and used cars, two-wheelers, commercial vehicles, and farm and construction equipment. The Companyâs platforms enable new and used automobile customers, vehicle dealerships, vehicle original equipment manufacturers (OEMs), and other businesses to buy and sell their vehicles in a simple and efficient manner. It offers inspection and valuation services, and technology solutions for banks and insurance companies. It offers its services under the CarWale, CarTrade, Shriram Automall, BikeWale, CarTradeExchange, Adroit Auto and AutoBiz brands. The Company's subsidiaries include M/s Shriram Automall India Limited, M/s CarTrade Finance Private Limited and M/s Cartrade Foundation.

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Calendar

2024-05-23 - Investor Meeting - Nomura Financial Advisory and Securities Private Limited

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Ratings for CarTrade Tech Limited

Trading Rating

Investor Rating

ESG Refinitiv

D+

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

924.4 INR

Average target price

896.4 INR

Spread / Average Target

-3.03%

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