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The stock touched an intraday high of Rs 2,846 on the BSE, tracking strong buying interest following the brokerage’s positive commentary on the company’s growth prospects.
According to the brokerage, CarTrade Tech’s outlook remains supported by improving monetisation of its OLX platform, expansion of new revenue streams, and sustained margin expansion. It also highlighted emerging growth drivers such as artificial intelligence-led monetisation, used-car financing, and expansion into services like escrow and logistics.
The brokerage raised its earnings estimates and lifted its target price to Rs 3,286 from Rs 2,740, implying an upside of around 22% from current levels.
It also noted that OLX continues to benefit from strong user engagement and a dominant position in used-car listings, providing scope for further revenue growth as premium and value-added services gain traction.
CarTrade Tech have remained volatile but strong over the past year, reflecting continued investor interest in India’s online auto classifieds and digital vehicle marketplace space.
CarTrade Tech operates a digital marketplace ecosystem comprising platforms such as CarWale, BikeWale, CarTrade, OLX India, Shriram Automall and CarTrade Exchange. On a consolidated basis, its profit after tax jumped 53.6% YoY and 15.2% QoQ to Rs 70.85 crore in Q4 FY26. Revenue from operations stood at Rs 203.14 crore in Q4 FY26, up 19.8% YoY but down 3.1% QoQ.
Cartrade Tech Ltd, The Anup Engineering Ltd, Kirloskar Pneumatic Company Ltd and Lloyds Engineering Works Ltd are among the other gainers in the BSE's 'A' group today, 17 June 2026.
IDBI Bank Ltd spiked 18.16% to Rs 91.14 at 11:47 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 63.43 lakh shares were traded on the counter so far as against the average daily volumes of 5.94 lakh shares in the past one month.
Cartrade Tech Ltd surged 11.06% to Rs 2640.6. The stock was the second biggest gainer in 'A' group. On the BSE, 4.03 lakh shares were traded on the counter so far as against the average daily volumes of 1 lakh shares in the past one month.
The Anup Engineering Ltd soared 9.30% to Rs 2150. The stock was the third biggest gainer in 'A' group. On the BSE, 15692 shares were traded on the counter so far as against the average daily volumes of 2276 shares in the past one month.
Kirloskar Pneumatic Company Ltd advanced 9.02% to Rs 1795. The stock was the fourth biggest gainer in 'A' group. On the BSE, 45446 shares were traded on the counter so far as against the average daily volumes of 7952 shares in the past one month.
Lloyds Engineering Works Ltd rose 8.61% to Rs 86.89. The stock was the fifth biggest gainer in 'A' group. On the BSE, 56.84 lakh shares were traded on the counter so far as against the average daily volumes of 8.34 lakh shares in the past one month.
The platform is designed to serve every used-car transaction B2C, C2B, C2C and financing, to enable consumers, dealers, enterprises, lenders and service partners across the used-car value chain. It has also launched SuperDost, which has built agents like matchmaking, pricing, condition check etc. for used car customers.
The company said that India’s used-car market is entering a structural growth phase. The market has already crossed approximately 5.9 million annual transactions and is projected to approach 9.5–10 million transactions by 2030. At an estimated average transaction value of approximately Rs 5–6 lakh per used car, this represents a current GMV pool of over Rs 3 lakh crore, with the potential to scale to approximately Rs 5–6 lakh crore by 2030, as volumes grow, ownership cycles shorten and vehicle mix premiumises.
The group also engages with approximately 3 million used-car sellers and 20 million used-car buyers annually across its platforms. Through CarTrade Used Auto, the company aims facilitate approximately 2 million used-car transactions annually across C2C, B2C and C2B segments, representing a potential transaction value of approximately Rs 1.2 lakh crore per annum.
In addition, CarTrade Used Auto Finance is developing a digital marketplace for customers to get a used car loan in a simple easy manner. The platform will offer multiple financing options to its millions of customers. It is looking to create all of this in an asset light manner with tie-ups with leading banks and NBFCs.
Aneesha Bhandary, executive director and CFO, said: “Used cars are one of India’s largest consumer transaction opportunities, but the journey remains fragmented across discovery, trust, pricing, finance, documentation and ownership transfer. With CarTrade Used Auto, we are creating one platform for buy, sell and exchange of used cars. By bringing together the strengths of CarWale and OLX India, we believe we are uniquely positioned to organise and enable the used-car transaction journey across consumers, dealers, enterprises and lenders. Our strategy is to build technology-led transaction infrastructure, unlock finance and retail enablement, and remain asset-light.”
CarTrade Tech announced the launch of CarTrade Used Auto, to build the used-car ecosystem in India across the full transaction journey of Buy, Sell , Exchange and Finance.
CarTrade Used Auto brings together the strengths of CarWale and OLX India to create a unified, technology-led and asset-light platform for India's used-car ecosystem. The platform is designed to serve every used-car transaction B2C, C2B, C2C and financing, to enable consumers, dealers, enterprises, lenders and service partners across the used-car value chain. It has also launched SuperDost, which has built agents like Matchmaking, Pricing, Condition check etc. for used car customers.
Nestle India Ltd, Cartrade Tech Ltd, Inox India Ltd and Oil & Natural Gas Corpn Ltd are among the other losers in the BSE's 'A' group today, 12 June 2026.
Cemindia Projects Ltd tumbled 4.62% to Rs 1121.9 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 89901 shares were traded on the counter so far as against the average daily volumes of 53573 shares in the past one month.
Nestle India Ltd crashed 3.12% to Rs 1377.4. The stock was the second biggest loser in 'A' group.On the BSE, 85464 shares were traded on the counter so far as against the average daily volumes of 99637 shares in the past one month.
Cartrade Tech Ltd lost 2.88% to Rs 2316.9. The stock was the third biggest loser in 'A' group.On the BSE, 2.08 lakh shares were traded on the counter so far as against the average daily volumes of 83842 shares in the past one month.
Inox India Ltd plummeted 2.73% to Rs 1799.35. The stock was the fourth biggest loser in 'A' group.On the BSE, 45703 shares were traded on the counter so far as against the average daily volumes of 37145 shares in the past one month.
Oil & Natural Gas Corpn Ltd shed 2.71% to Rs 245.7. The stock was the fifth biggest loser in 'A' group.On the BSE, 7.57 lakh shares were traded on the counter so far as against the average daily volumes of 5.74 lakh shares in the past one month.
Earlier this month, OLX India, a CarTrade Tech platform, announced that its Elite Buyer programme crossed 80,000 sign-ups in May 2026. The company said the initiative is already contributing to revenue growth and is expected to become an important long-term growth driver.
OLX India plans to introduce AI-powered features, including buyer-seller matchmaking, pricing guidance and condition assessment tools, in the coming quarter. The company is also working on a hyperlocal service model aimed at helping sellers connect more quickly with serious local buyers.
CarTrade Tech operates a digital marketplace ecosystem comprising platforms such as CarWale, BikeWale, CarTrade, OLX India, Shriram Automall and CarTrade Exchange.
On a consolidated basis, its profit after tax jumped 53.6% YoY and 15.2% QoQ to Rs 70.85 crore in Q4 FY26. Revenue from operations stood at Rs 203.14 crore in Q4 FY26, up 19.8% YoY but down 3.1% QoQ.
Easy Trip Planners Ltd, Cartrade Tech Ltd, CCL Products (India) Ltd and Inox India Ltd are among the other gainers in the BSE's 'A' group today, 10 June 2026.
Black Box Ltd spiked 10.00% to Rs 1064.95 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 77484 shares were traded on the counter so far as against the average daily volumes of 86946 shares in the past one month.
Easy Trip Planners Ltd soared 7.31% to Rs 8.51. The stock was the second biggest gainer in 'A' group. On the BSE, 213.52 lakh shares were traded on the counter so far as against the average daily volumes of 24.36 lakh shares in the past one month.
Cartrade Tech Ltd surged 7.25% to Rs 2350. The stock was the third biggest gainer in 'A' group. On the BSE, 1.92 lakh shares were traded on the counter so far as against the average daily volumes of 55985 shares in the past one month.
CCL Products (India) Ltd advanced 6.55% to Rs 1223.6. The stock was the fourth biggest gainer in 'A' group. On the BSE, 1.35 lakh shares were traded on the counter so far as against the average daily volumes of 47063 shares in the past one month.
Inox India Ltd spurt 6.53% to Rs 1795.7. The stock was the fifth biggest gainer in 'A' group. On the BSE, 46821 shares were traded on the counter so far as against the average daily volumes of 22734 shares in the past one month.
Mangalore Refinery And Petrochemicals Ltd, Cartrade Tech Ltd, IFCI Ltd, RHI Magnesita India Ltd are among the other stocks to see a surge in volumes on NSE today, 03 June 2026.
Concord Biotech Ltd notched up volume of 53.35 lakh shares by 14:14 IST on NSE, a 14.12 fold spurt over two-week average daily volume of 3.78 lakh shares. The stock rose 3.74% to Rs.1,209.80. Volumes stood at 18.58 lakh shares in the last session.
Mangalore Refinery And Petrochemicals Ltd witnessed volume of 225.12 lakh shares by 14:14 IST on NSE, a 7.07 times surge over two-week average daily volume of 31.86 lakh shares. The stock increased 4.34% to Rs.153.40. Volumes stood at 28.97 lakh shares in the last session.
Cartrade Tech Ltd notched up volume of 26.83 lakh shares by 14:14 IST on NSE, a 5.18 fold spurt over two-week average daily volume of 5.18 lakh shares. The stock rose 8.55% to Rs.1,948.40. Volumes stood at 3.79 lakh shares in the last session.
IFCI Ltd recorded volume of 2229.96 lakh shares by 14:14 IST on NSE, a 5.14 times surge over two-week average daily volume of 433.75 lakh shares. The stock gained 12.83% to Rs.80.83. Volumes stood at 1057.43 lakh shares in the last session.
RHI Magnesita India Ltd recorded volume of 60.27 lakh shares by 14:14 IST on NSE, a 5.08 times surge over two-week average daily volume of 11.88 lakh shares. The stock gained 8.95% to Rs.375.50. Volumes stood at 29.11 lakh shares in the last session.