# Cartrade Tech (CARTRADE) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/cartrade

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹2,700
- Change: +3.77%
- As of: 2026-11-06
- 1D return: +3.77%
- 5D return: +23.30%
- 1M return: -4.86%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

CARTRADE closed at ₹2,622.0 on 5 November 2026, following a significant +5.2% upward gap that broke short-term bearish structure. Despite this bounce, the daily trend remains established as bearish (ADX 27.24), with price trading below key short-term averages (20-day EMA/SMA) and the Supertrend. The stock is positioned in the upper-middle of its 252-day range (+60.5%) but near the middle of shorter 20- and 50-day ranges (+42.0%). Immediate resistance sits at ₹2,651.57 (1.13% above), while support is found at ₹2,588.43 (1.28% below). A monthly 'Inside Bar' formation is active, suggesting consolidation ahead of a directional move. With annualized volatility at +56.4% and a current drawdown of -19.8%, the setup requires confirmation to shift from a dead-cat bounce to a sustained reversal.

- Trend Conflict: Daily trend is bearish (price below 20/50-period EMAs & Supertrend; ADX 27.24), while monthly trend shows price above all supplied moving averages despite a bearish Supertrend.
- Price Action: +5.2% upward gap on 5 Nov 2026 (z-score 3.03) pushed price to ₹2,622.0, recovering from recent lows but remaining 19.8% below available highs.
- Key Levels: Monitor resistance at ₹2,651.57 (1.13% above) for breakout confirmation; watch support at ₹2,588.43 (1.28% below) for trend integrity.
- Volatility & Risk: High volatility environment (ATR 6.79%, Annualized Vol +56.4%) with an active monthly 'Inside Bar' pattern indicating potential for expanded range movement.

- Inside Bar
- Harami
- Evening Star
- Outside Bar

### News Context

On November 5, 2026, InCred Equities identified CarTrade Tech as one of five stocks for potential investment during the Samvat 2083 period. The brokerage forecasted a 41% upside for the company based on its target prices, citing specific operational improvements, market expansion opportunities, and business model transitions as drivers for this outlook. This recommendation is part of a broader list where InCred Equities anticipates an average upside of approximately 36% across its top picks.

- InCred Equations highlighted CarTrade Tech with a projected 41% upside in its Samvat 2083 stock picks (reported Nov 5, 2026).
- The firm cited operational improvements, market expansion, and business model transitions as key factors supporting the positive outlook.
- CarTrade Tech was among five selected stocks, with InCred Equities forecasting an average upside of ~36% across the group.

- [InCred Equities picks 5 stocks to buy in Samvat 2083, sees up to 46% upside; Artemis, CarTrade Tech among top bets](https://www.livemint.com/market/stock-market-news/incred-equities-picks-5-stocks-to-buy-in-samvat-2083-sees-up-to-46-upside-artemis-cartrade-tech-among-top-bets-11793894473274.html)

### What Changed

CarTrade Tech (listed on the NSE) has seen a notable shift in market sentiment and valuation expectations as of early November 2026. Brokerage firm InCred Equities identified CarTrade Tech as one of its top five stock picks for the Samvat 2083 period, projecting a significant upside potential of approximately 41% based on its target prices. This recommendation highlights specific operational improvements, market expansion opportunities, and business model transitions cited by the firm as drivers for this positive outlook.

Concurrently, the stock's price action reflects recent momentum. As of the observation date of 5 November 2026, the share price stood at ₹2,622.00, representing an increase from the previous recorded price of ₹2,492.90. While daily and weekly trend indicators are not currently available to provide granular short-term directional context, the absolute price level remains elevated relative to the prior snapshot. The combination of strong brokerage conviction and higher trading levels suggests a material change in how the market is pricing the company's near-term prospects compared to earlier contexts.

- InCred Equities selected CarTrade Tech as a top buy for Samvat 2083, forecasting a 41% upside based on target prices, citing operational improvements and market expansion.
- The stock price was reported at ₹2,622.00 on 5 November 2026, up from ₹2,492.90 in the previous snapshot.
- Brokerage optimism centers on anticipated business model transitions and expanded market opportunities for the fiscal period.

- [InCred Equities picks 5 stocks to buy in Samvat 2083, sees up to 46% upside; Artemis, CarTrade Tech among top bets](https://www.livemint.com/market/stock-market-news/incred-equities-picks-5-stocks-to-buy-in-samvat-2083-sees-up-to-46-upside-artemis-cartrade-tech-among-top-bets-11793894473274.html)

### Official Filings

CarTrade Tech Limited reported record financial performance for Q2 FY27, with total income reaching ₹236 crore and revenue from operations at ₹213 crore. Profit After Tax (PAT) increased by 3% year-on-year to ₹66 crore, while EBITDA grew 20% to ₹76 crore, expanding margins to 36%. The company maintains a strong balance sheet with ₹1,401 crore in cash and zero debt. Management attributed slower standalone consumer growth to base effects from a prior-year GST reduction but highlighted robust performance in the OLX segment (26% revenue growth) and Remarketing business (47% PAT growth). Strategic initiatives include upcoming product launches like VAYA Live and e-commerce partnerships. Regarding capital structure, the Board approved the allotment of 1,000 equity shares under ESOP 2021(I) at an exercise price of ₹644.03 per share, increasing paid-up capital to ₹48,61,58,850; this is explicitly stated as not material. Additionally, management noted that cash distributions such as buybacks are currently restricted due to tax shelter regulations expected to expire within one to two years.

- Record Q2 FY27 Financials: Revenue from operations reached ₹213 crore (+10% YoY) and EBITDA expanded 20% to ₹76 crore (36% margin); PAT was ₹66 crore (+3% YoY).
- Strong Segment Growth: OLX India revenue grew 26% and EBITDA grew 36% YoY, while Remarketing business saw PAT growth of 47%, offsetting slower standalone consumer growth.
- Zero-Debt Position & Cash Reserves: The company holds ₹1,401 crore in cash with no debt, though cash distributions like buybacks are restricted until tax shelter regulations expire in 1–2 years.
- Minor Capital Adjustment: Board approved allotment of 1,000 ESOP shares at ₹644.03/share on October 28, 2026, increasing paid-up capital to ₹48,61,58,850; filing confirms this is not material.

- [Cartrade Tech Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/CARTRADE_04112026144730_Intimation_Letter_for_transcript.pdf)
- [Cartrade Tech Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/CARTRADE_30102026110852_Investor_Presentation-_updated.pdf)
- [Cartrade Tech Limited has informed the Exchange regarding 'Corrigendum to the intimation filed for Allotment of 1,000 equity shares under ESOP 2021(I) of CarTrade Tech Limited ( the Company ) dated October 28, 2026'. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/CARTRADE_29102026175426_Corrigendum_-_ESOP_Allotment.pdf)
- [Cartrade Tech Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/CARTRADE_28102026114445_Outcome_of_BM.pdf)
- [Cartrade Tech Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/CARTRADE_28102026114844_Investor_Presentation.pdf)
- [Cartrade Tech Limited has informed the Exchange regarding a press release dated October 28, 2026, titled "Press Release on Q2FY27". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/CARTRADE_28102026114734_Press_Release.pdf)
- [Cartrade Tech Limited has informed the Exchange regarding 'Allotment of 1,000 equity shares under ESOP 2021(I) of CarTrade Tech Limited'. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/CARTRADE_28102026115601_ESOP_1000_Intimation_letter_Oct_26.pdf)
- [CarTrade Tech Limited has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_19458_WebXMLFile_20261028_120938950.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1748047_28102026062801_WEB.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1748051_28102026062945_WEB.xml)

### Fundamentals

Cartrade Tech demonstrates a robust operational trajectory with strong earnings quality and improving capital efficiency. For Q2 FY2026-27, revenue from operations rose sequentially to ₹213 crore, while expenses decreased slightly to ₹151 crore, driving Profit Before Tax up to ₹85.4 crore and Net Profit to ₹66 crore. This resulted in Basic EPS of ₹12.3 per share, up from ₹10.69 in Q1. Year-on-year, sales growth for the Sep 2026 quarter was 10%, following stronger historical growth rates of 25% (Sep 2025) and 28% (Sep 2024). Earnings quality is evidenced by Cash from Operating Activity growing significantly to ₹257 crore in Mar 2026, with CFO/EBITDA remaining high at 109%. The balance sheet shows total assets increasing to ₹3,166 crore as of Sep 2026, supported by a rise in current investments to ₹1,026 crore and cash reserves to ₹56.5 crore. Capital allocation has been disciplined, with borrowings decreasing to ₹129 crore in Sep 2026 from ₹140 crore in Mar 2026. Return on Equity improved to 10% in the last year, and ROCE doubled to 12% in Mar 2026. However, shareholder concentration has increased, with the number of shareholders declining to 142,659 in Sep 2026, and FIIs holding 51.21% of the stake.

- Q2 FY2026-27 Net Profit reached ₹66 crore (EPS ₹12.3), driven by sequential revenue growth to ₹213 crore and expense control.
- Operating cash flow strengthened to ₹257 crore in Mar 2026, indicating high earnings conversion quality.
- Balance sheet health improved with borrowings falling to ₹129 crore in Sep 2026 and cash reserves rising to ₹56.5 crore.
- ROCE doubled to 12% in Mar 2026, though shareholder count declined to 142,659, reflecting higher institutional concentration.

### Bear Case

CarTrade Tech faces near-term technical weakness and elevated volatility, as evidenced by bearish momentum indicators across daily, weekly, and monthly timeframes. The stock has declined 10.7% over the past month and is currently trading 19.8% below its recent peak, with a maximum historical drawdown of 50.3%. Technical signals show negative slopes for both the 20-day and 50-day simple moving averages, while the Average Directional Index (ADX) remains above 25 on daily and weekly charts, indicating strong directional trend pressure rather than consolidation. Despite an annualized volatility of 56.4%, the immediate price action suggests sustained selling pressure, with resistance levels clustered closely above the current ₹2,622 close.

- Technical trends are uniformly bearish: Supertrend direction is bearish on daily, weekly, and monthly charts, with negative slopes for the 20-day (-119.91) and 50-day (-52.46) SMAs.
- Recent performance shows deterioration: The stock is down 10.7% over one month and -7.3% year-to-date, currently sitting in a 19.8% drawdown from highs.
- High volatility persists: Annualized volatility stands at 56.4% with an ATR of 6.79%, indicating significant price swings and risk.
- Momentum indicators favor downside: On the daily chart, the Minus DI (29.02) exceeds the Plus DI (22.4), signaling dominant downward pressure.

- [InCred Equities picks 5 stocks to buy in Samvat 2083, sees up to 46% upside; Artemis, CarTrade Tech among top bets](https://www.livemint.com/market/stock-market-news/incred-equities-picks-5-stocks-to-buy-in-samvat-2083-sees-up-to-46-upside-artemis-cartrade-tech-among-top-bets-11793894473274.html)
- [Cartrade Tech Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/CARTRADE_04112026144730_Intimation_Letter_for_transcript.pdf)
- [Cartrade Tech Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/CARTRADE_30102026110852_Investor_Presentation-_updated.pdf)
- [Cartrade Tech Limited has informed the Exchange regarding 'Corrigendum to the intimation filed for Allotment of 1,000 equity shares under ESOP 2021(I) of CarTrade Tech Limited ( the Company ) dated October 28, 2026'. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/CARTRADE_29102026175426_Corrigendum_-_ESOP_Allotment.pdf)
- [Cartrade Tech Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/CARTRADE_28102026114445_Outcome_of_BM.pdf)
- [Cartrade Tech Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/CARTRADE_28102026114844_Investor_Presentation.pdf)
- [Cartrade Tech Limited has informed the Exchange regarding a press release dated October 28, 2026, titled "Press Release on Q2FY27". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/CARTRADE_28102026114734_Press_Release.pdf)
- [Cartrade Tech Limited has informed the Exchange regarding 'Allotment of 1,000 equity shares under ESOP 2021(I) of CarTrade Tech Limited'. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/CARTRADE_28102026115601_ESOP_1000_Intimation_letter_Oct_26.pdf)
- [CarTrade Tech Limited has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_19458_WebXMLFile_20261028_120938950.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1748047_28102026062801_WEB.xml)

### FAQs

**What were CarTrade Tech's key financial results for Q2 FY27, and how do they compare to the prior year?**

For the quarter ended September 30, 2026, CarTrade Tech reported record total income of ₹236 crore and revenue from operations of ₹213 crore. Profit After Tax (PAT) was ₹66 crore, up 3% year-on-year, while EBITDA grew 20% to ₹76 crore with margins expanding to 36%. Consolidated quarterly revenue reached ₹201.16 crore, though consolidated PAT declined to ₹56.75 crore from ₹64.08 crore in Q2 FY25.

**How is CarTrade Tech planning to evolve its business model beyond traditional used-car transactions?**

The company aims to become an 'always-on intelligence and action platform' via a 'Live' layer featuring proprietary data, trade-in agents, finance agents, and the 'VAYA' consumer assistant. Strategic initiatives include upcoming product launches like VAYA Live, e-commerce partnerships with Landmark, and retail loan integrations. The Consumer Group revenue grew significantly from ₹92.8 crore in FY21 to ₹308.3 crore in FY26.

**What are the current technical trends and price levels for CarTrade Tech as of November 5, 2026?**

As of November 5, 2026, the stock closed at ₹2,622.00 with a market cap of approximately ₹12,119 crore. Technical indicators show a bearish trend on daily, weekly, and monthly timeframes. Key resistance levels are noted at ₹2,651.57 and ₹2,679.19, while support exists at ₹2,588.43 and ₹2,540.67. The stock has experienced a maximum drawdown of -50.3% and currently sits in a -19.8% drawdown.

**Are there any restrictions on cash distributions or buybacks for shareholders?**

Management has stated that cash distributions, such as buybacks, are currently restricted due to tax shelter regulations. These restrictions are expected to expire within one to two years. The company maintains a zero-debt profile with a cash balance of ₹1,401 crore as of the latest reporting period.

- [InCred Equities picks 5 stocks to buy in Samvat 2083, sees up to 46% upside; Artemis, CarTrade Tech among top bets](https://www.livemint.com/market/stock-market-news/incred-equities-picks-5-stocks-to-buy-in-samvat-2083-sees-up-to-46-upside-artemis-cartrade-tech-among-top-bets-11793894473274.html)
- [Cartrade Tech Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/CARTRADE_04112026144730_Intimation_Letter_for_transcript.pdf)
- [Cartrade Tech Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/CARTRADE_30102026110852_Investor_Presentation-_updated.pdf)
- [Cartrade Tech Limited has informed the Exchange regarding 'Corrigendum to the intimation filed for Allotment of 1,000 equity shares under ESOP 2021(I) of CarTrade Tech Limited ( the Company ) dated October 28, 2026'. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/CARTRADE_29102026175426_Corrigendum_-_ESOP_Allotment.pdf)
- [Cartrade Tech Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/CARTRADE_28102026114445_Outcome_of_BM.pdf)
- [Cartrade Tech Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/CARTRADE_28102026114844_Investor_Presentation.pdf)
- [Cartrade Tech Limited has informed the Exchange regarding a press release dated October 28, 2026, titled "Press Release on Q2FY27". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/CARTRADE_28102026114734_Press_Release.pdf)
- [Cartrade Tech Limited has informed the Exchange regarding 'Allotment of 1,000 equity shares under ESOP 2021(I) of CarTrade Tech Limited'. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/CARTRADE_28102026115601_ESOP_1000_Intimation_letter_Oct_26.pdf)
- [CarTrade Tech Limited has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_19458_WebXMLFile_20261028_120938950.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1748047_28102026062801_WEB.xml)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Moderate Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹2,609.97
- Risk regime: Price Risk Requires Attention

### Support levels
- 2635.6
- 2404.7
- 2252.125

### Resistance levels
- 2723.84375
- 2859.7
- 2891.0625

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +3.77% |
| return_10 | -4.27% |
| return_1m | -7.27% |
| return_1y | -5.91% |
| return_20 | -4.86% |
| return_3m | -3.17% |
| return_5 | +23.30% |
| return_6m | +49.39% |
| return_since_start | +78.28% |
| return_ytd | -4.58% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -50.32% |
| annualized_volatility | +56.35% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Cartrade Tech Limited FY2026-27 Q2: Profit rises 15% sequentially

Cartrade Tech’s consolidated revenue from operations rose 5.9% quarter on quarter and 10.2% year on year to ₹213.1 crore in Q2 FY2026-27. Profit before tax increased 14.7% sequentially to ₹85.4 crore, while profit for the period rose 16.2% to ₹66.0 crore; both were also above the year-earlier quarter.

## Revenue and profitability

Revenue from operations increased from ₹201.2 crore in Q1 FY2026-27 to ₹213.1 crore in Q2, compared with ₹193.4 crore in Q2 FY2025-26. Total income rose 2.8% quarter on quarter to ₹236.2 crore, including ₹23.1 crore of other income.

Total expenses declined 0.9% sequentially to ₹150.8 crore from ₹152.1 crore. Other expenses fell 2.4% to ₹53.4 crore, and finance costs eased to ₹3.0 crore from ₹3.2 crore. Profit before tax was ₹85.4 crore, up from ₹74.5 crore in Q1 FY2026-27 and ₹79.9 crore in Q2 FY2025-26.

## Tax and earnings per share

Tax expense increased 9.7% quarter on quarter to ₹19.5 crore. Deferred tax rose to ₹10.7 crore from ₹8.8 crore, while current tax edged down to ₹8.8 crore from ₹8.9 crore.

Profit for the period was ₹66.0 crore, compared with ₹56.8 crore in Q1 FY2026-27 and ₹64.1 crore in Q2 FY2025-26. Basic EPS from continuing operations rose to ₹12.30 from ₹10.69 sequentially, but was below ₹12.56 a year earlier. Diluted EPS was ₹11.88, versus ₹10.26 in Q1 and ₹11.99 in Q2 FY2025-26. Of Q2 profit, ₹59.5 crore was attributable to owners of the parent and ₹6.5 crore to non-controlling interests.

## Liquidity and balance sheet

At 30 September 2026, cash and cash equivalents were ₹56.5 crore, compared with ₹31.4 crore at 31 March 2026. Current investments increased to ₹1,026.5 crore from ₹903.3 crore at the March year-end, and current assets stood at ₹1,364.2 crore.

Total equity was ₹2,785.5 crore at quarter-end, up from ₹2,618.4 crore at 31 March 2026; non-controlling interest was ₹153.9 crore. Goodwill was unchanged at ₹1,324.2 crore across the two dates. Property, plant and equipment stood at ₹99.7 crore, compared with ₹197.2 crore at 31 March. Trade receivables were ₹88.6 crore and trade payables ₹32.4 crore at 30 September.

## Management commentary

Management described Q2 FY2026-27 as a record quarter, citing profit before tax of ₹85 crore—the highest it had reported—and profit after tax of ₹66 crore. It also reported an average of about 43 million monthly unique visitors across CarWale, BikeWale and CarTrade during the quarter.

## Key Takeaway

Q2 delivered higher revenue and profit both sequentially and year on year, with pre-tax profit growing faster than revenue quarter on quarter as expenses edged lower. EPS remained below its year-earlier level, while cash and current investments were higher than at the March year-end.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q2
- As of: 2026-09-30
- Promoter holding: +0.00%
- FII holding: +44.34%
- DII holding: +19.40%
- Mutual fund holding: +14.81%
- Retail holding: +13.83%
- Promoter pledged: +0.00%

### Major reported shareholders

- MACRITCHIE INVESTMENTS PTE LTD — +6.82%
- TATA INDIA CONSUMER FUND — +5.76%
- SMALLCAP WORLD FUND, INC — +3.22%
- JUPITER INDIA FUND — +3.09%
- VINAY SANGHI — +2.59%
- M&G ASIAN FUND — +2.18%
- SIXTEENTH STREET ASIAN GEMS FUND — +2.03%
- CANDRIAM SUSTAINABLE EQUITY EMERGING MARKETS — +1.64%
- THE JUPITER GLOBAL FUND - JUPITER INDIA SELECT — +1.55%
- WASATCH EMERGING INDIA FUND — +1.49%

## Official filings

- 2026-11-04 — Generic Announcement: Cartrade Tech Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CARTRADE_04112026144730_Intimation_Letter_for_transcript.pdf)
- 2026-10-30 — Earnings Presentation: Cartrade Tech Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CARTRADE_30102026110852_Investor_Presentation-_updated.pdf)
- 2026-10-29 — Generic Announcement: Cartrade Tech Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CARTRADE_29102026175426_Corrigendum_-_ESOP_Allotment.pdf)
- 2026-10-28 — Generic Announcement: Cartrade Tech Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CARTRADE_28102026114445_Outcome_of_BM.pdf)
- 2026-10-28 — Earnings Presentation: Cartrade Tech Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CARTRADE_28102026114844_Investor_Presentation.pdf)
- 2026-10-28 — Press Release: Cartrade Tech Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CARTRADE_28102026114734_Press_Release.pdf)
- 2026-10-28 — Generic Announcement: Cartrade Tech Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CARTRADE_28102026115601_ESOP_1000_Intimation_letter_Oct_26.pdf)
- 2026-10-28 — Generic Announcement: Cartrade Tech Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_19458_WebXMLFile_20261028_120938950.xml)
- 2026-10-28 — Financial Results Filing: Cartrade Tech Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1748047_28102026062801_WEB.xml)
- 2026-10-28 — Financial Results Filing: Cartrade Tech Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1748051_28102026062945_WEB.xml)
- 2026-10-28 — Generic Announcement: Cartrade Tech Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CARTRADE_28102026183307_Outcome_and_Audio_recording.pdf)
- 2026-10-23 — Generic Announcement: Cartrade Tech Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19458_WebXMLFile_20261023_105626183.xml)
- 2026-10-22 — Board Meeting Notice: Cartrade Tech Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CARTRADE_22102026181119_Intimation_of_BM.pdf)
- 2026-10-22 — Board Meeting Notice: Cartrade Tech Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_19458_WebXMLFile_20261022_181010885.xml)
- 2026-10-22 — Generic Announcement: Cartrade Tech Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_19458_WebXMLFile_20261022_181010885.xml)
- 2026-10-15 — Shareholding Disclosure: Cartrade Tech Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1739041_15102026050504_WEB.xml)
- 2026-10-12 — Generic Announcement: Cartrade Tech Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CARTRADE_12102026163327_74_5_-_DP.pdf)
- 2026-09-30 — Generic Announcement: Cartrade Tech Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_19458_WebXMLFile_20260930_112805888.xml)
- 2026-09-30 — Generic Announcement: Cartrade Tech Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CARTRADE_30092026113135_closing_of_trading_window.pdf)
- 2026-09-29 — Generic Announcement: Cartrade Tech Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CARTRADE_29092026195059_Voting_and_Scrutinizer_results_CTT.pdf)
- 2026-09-25 — Generic Announcement: Cartrade Tech Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CARTRADE_25092026170940_Draft_outcome_of_AGM_CTT.pdf)
- 2026-09-24 — Earnings Presentation: Cartrade Tech Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CARTRADE_24092026094755_Investor_Presentation-_updated.pdf)
- 2026-09-21 — Generic Announcement: Cartrade Tech Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CARTRADE_21092026135221_SE_Intimation-_Sep.pdf)
- 2026-09-21 — Generic Announcement: Cartrade Tech Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_19458_WebXMLFile_20260921_135344270.xml)
- 2026-09-17 — Generic Announcement: Cartrade Tech Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_19458_WebXMLFile_20260917_152104736.xml)

## News and market events

- 2026-11-07 — The Hindu: **Temasek divests 4% stake in multi-channel auto platform CarTrade Tech for ₹470 crore through open market transaction** — Singapore’s state-owned investment firm Temasek divested a nearly 4% stake in multi-channel auto platform CarTrade Tech for ₹470 crore through an open market transaction, reducing its holding from 6.82% to 3.08%. The shares were sold at an average price of ₹2,583, while US-based Capital Group and Norway's Government Pension Fund Global acquired over 17.23 lakh shares for ₹445 crore. Following the transaction, CarTrade Tech shares rose 3.72% to close at ₹2,699.30 on the BSE. — [Source](https://www.thehindubusinessline.com/companies/temasek-sells-nearly-4-stake-in-cartrade-tech-for-470-crore/article71677396.ece)
- 2026-11-06 — Economic Times: **MacRitchie Investments sells 3.74% stake in CarTrade for Rs 470 crore; Smallcap World Fund, Norges Bank buy shares** — MacRitchie Investments sold a 3.74% stake in CarTrade Tech for Rs 470.11 crore through a bulk deal, with Smallcap World Fund and Norges Bank acquiring the shares. This transaction follows CarTrade's Q2FY27 results, which showed a 10.2% year-on-year revenue growth to Rs 213.09 crore and a net profit of Rs 66 crore. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/macritchie-investments-sells-3-74-stake-in-cartrade-for-rs-470-crore-smallcap-world-fund-norges-bank-buy-shares/articleshow/135612752.cms)
- 2026-11-05 — Mint: **InCred Equities picks 5 stocks to buy in Samvat 2083, sees up to 46% upside; Artemis, CarTrade Tech among top bets** — InCred Equities has identified five stocks for potential investment during Samvat 2083, forecasting an average upside of approximately 36% based on its target prices. The brokerage's top picks include Artemis Medicare with a projected 46% gain, CarTrade Tech at 41%, RHI Magnesita India at 35%, Rolex Rings at 33%, and Lemon Tree Hotels at 23%. These recommendations are attributed to specific operational improvements, market expansion opportunities, and business model transitions cited by the firm. — [Source](https://www.livemint.com/market/stock-market-news/incred-equities-picks-5-stocks-to-buy-in-samvat-2083-sees-up-to-46-upside-artemis-cartrade-tech-among-top-bets-11793894473274.html)
- 2026-10-29 — MONEYCONTROL: **CarTrade Tech falls over 4% on Q2 growth slowdown; Nomura sees 37% upside - here's why** — CarTrade Tech falls over 4% on Q2 growth slowdown; Nomura sees 37% upside - here's why CarTrade Tech's revenue from operations rose 10.4% year-on-year to Rs 213 crore in the second quarter of FY27, compared with Rs 193 crore a year earlier. — [Source](https://www.moneycontrol.com/news/business/stocks/cartrade-tech-falls-over-4-on-q2-growth-slowdown-nomura-sees-37-upside-here-s-why-14063406.html)
- 2026-10-29 — Economic Times: **CarTrade Tech shares tank over 6% after Q2 results, but Nomura raises target price to Rs 3,377. Here’s why** — CarTrade Tech shares fell 6.5% after Q2FY27 net profit rose 3% year-on-year to Rs 66 crore, while revenue increased 10% to Rs 213 crore. Nomura raised its target price to Rs 3,377 from Rs 3,340, citing growth potential in OLX India, improving consumer business prospects and operating leverage, despite trimming revenue estimates by around 3%. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/cartrade-tech-shares-tank-over-6-after-q2-results-but-nomura-raises-target-price-to-rs-3377-heres-why/articleshow/135290221.cms)
- 2026-10-29 — BUSINESSTODAY: **Ola Electric, Vedanta, CarTrade Tech: Top stocks to trade — Check key levels, targets & stop loss** — Indian equity benchmark indices ended lower on Wednesday, after a volatile session led by rise in the crude oil prices and US Fed's policy outcome. — [Source](https://www.businesstoday.in/markets/trending-stocks/story/ola-electric-vedanta-cartrade-tech-top-stocks-to-trade-check-key-levels-targets-stop-loss-564424-2026-10-29)
- 2026-10-28 — FREEPRESSJOURNAL.IN: **CarTrade Tech Stock Slumps 17% After Q2 Results** — CarTrade Tech shares plunged over 17% on October 28 after its September quarter results revealed slowing revenue growth and nearly flat profits. Revenue rose 10.4% to ₹213 crore, while net profit declined to ₹59.5 crore. Despite stronger operating margins, investors reacted negatively to the company — [Source](https://www.freepressjournal.in/business/cartrade-tech-stocks-slumps-17-after-q2-results)
- 2026-10-28 — BUSINESSTODAY: **CarTrade Tech shares crash 18% after Q2 results; here's why** — Shares of CarTrade Tech Ltd crashed 18 per cent in Tuesday's trade, in a kneejerk reaction to disappointing September quarter results. — [Source](https://www.businesstoday.in/markets/stocks/story/cartrade-tech-shares-crash-18-after-q2-results-heres-why-564181-2026-10-28)
- 2026-09-26 — The Hindu: **New-age IPOs: Five years on, still show-me stories** — Five years after India’s new-age IPOs, revenue growth shines but investors still demand durable profits to justify lofty valuations. — [Source](https://www.thehindubusinessline.com/portfolio/new-age-ipos-five-years-on-still-show-me-stories/article71513817.ece)
- 2026-09-25 — MONEYCONTROL: **CarTrade Tech shares: Nomura retains ‘Buy’, Rs 3,340 target on multiple growth levers** — CarTrade Tech, CarTrade Tech stock price, Nomura — [Source](https://www.moneycontrol.com/news/business/stocks/cartrade-tech-shares-nomura-retains-buy-rs-3-340-target-on-multiple-growth-levers-14038184.html)
- 2026-09-25 — CNBC-TV18: **Can CarTrade Tech shares sustain above the ₹3,000 mark? Here's what analysts said about its new partnership** — Earlier this week, CarTrade Tech announced its partnership with India's leading car dealer Landmark Cars on a revenue share basis. This gives Cartrade Tech exposure to higher ASP used cars. — [Source](https://www.cnbctv18.com/market/cartrade-tech-share-price-nomura-ubs-buy-target-upside-landmark-cars-partnership-implications-revenue-19998392.htm)
- 2026-09-24 — BUSINESS: **Landmark Cars announces strategic partnership with OLX India** — Landmark Cars and OLX India, part of CarTrade Tech, today announced a strategic partnership to create an integrated phygital (physical + digital) pre-owned car buying and selling experience for Indian consumers. — [Source](https://www.business-standard.com/markets/capital-market-news/landmark-cars-announces-strategic-partnership-with-olx-india-126092400235_1.html)
- 2026-08-25 — CNBC-TV18: **Nifty 500 opens today with a chemical stock trading at more than 44 times its 10-day average** — Nifty 500 opened mixed. FACT, Paradeep Phosphates, Afcons Infrastructure, PVR Inox gained. Hindustan Copper, IIFL Finance, Cartrade Tech, Godrej Industries fell. — [Source](https://www.cnbctv18.com/market/nifty-500-top-gainers-losers-market-open-fact-paradeep-phosphates-hindustan-copper-iifl-share-price-19976225.htm)
- 2026-08-24 — Mint: **Raja Venkatraman recommends three stocks for 24 August** — Market expert Raja Venkatraman shares his top stock picks for 24 August. Here’s his technical outlook and trade strategy. — [Source](https://www.livemint.com/market/stock-market-news/raja-venkatraman-recommends-three-stocks-for-24-august-sensex-nifty-11787532536118.html)
- 2026-08-21 — BUSINESS: **Volumes jump at JBM Auto Ltd counter** — JBM Auto Ltd saw volume of 108.72 lakh shares by 14:14 IST on NSE, a 58.26 fold spurt over two-week average daily volume of 1.87 lakh shares — [Source](https://www.business-standard.com/markets/capital-market-news/volumes-jump-at-jbm-auto-ltd-counter-126082100935_1.html)
- 2026-08-21 — CNBC-TV18: **CarTrade Tech shares jump to the highest level of 2026 after gaining 14% in two sessions** — CarTrade Tech shares have gained 14% in the last two trading sessions and have now hit their highest level in 2026. — [Source](https://www.cnbctv18.com/market/cartrade-tech-share-price-near-52-week-high-highest-level-of-2026-strong-gains-buy-sell-shareholding-19974323.htm)
- 2026-07-30 — MONEYCONTROL: **CarTrade Tech Q1 EBITDA beats estimates; Nomura retains Buy, raises target price to Rs 3,340** — CarTrade Tech, CarTrade Tech news, CarTrade Tech stock, CarTrade Tech shares, CarTrade Tech Q1, Nomura — [Source](https://www.moneycontrol.com/news/business/stocks/cartrade-tech-q1-ebitda-beats-estimates-nomura-retains-buy-raises-target-price-to-rs-3-340-13988423.html)
- 2026-07-29 — The Hindu: **Q1 Results Today Live: Cartrade Tech profit up, Maharashtra Scooters Q1 PAT declines, Adani Enterprises, Adani Ports, Asian Paints, Eicher Motors, Waaree Energies, Colgate, Prestige Estates, Syrma SGS Tech, Hexaware Tech, Dabur, Vedanta Oil, ACME Solar to announce Q1 results** — Q1 Results Today, 29th July 2026 Live Updates: Stay tuned for more from businessline — [Source](https://www.thehindubusinessline.com/markets/q1-results-today-live-updates-adani-enterprises-adani-ports-asian-paints-eicher-motors-waaree-energies-colgate-prestige-estates-syrma-sgs-tech-dabur-hexaware-tech-vedanta-oil-acme-results-29-july-2026/article71276282.ece)
- 2026-07-29 — CNBC-TV18: **CarTrade Tech Q1 Results: Stock falls 7% despite revenue growth, margin expansion** — CarTrade Tech's Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter grew by 45% on a year-on-year basis to ₹63 crore, while margins expanded by 6 percentage points to 31.3% from 25.1% in the year-ago period. — [Source](https://www.cnbctv18.com/market/cartrade-tech-q1-results-revenue-margin-growth-olx-remarketing-outlook-share-price-19956505.htm)
- 2026-07-29 — CNBC-TV18: **Q1 Results LIVE Updates: Thangamayil Jewellery shares fall over 9%, Cartrade Tech down 5% after earnings** — Q1 Results LIVE Updates: Four Nifty 50 stocks are reporting their earnings today namely Asian Paints, Adani Enterprises, Adani Ports and Eicher Motors. Dabur, Waaree Energies, ACME Solar, Bajaj Housing Finance, CarTrade Tech, Chalet Hotels, Colgate-Palmolive, J&K Bank, Hexaware Technologies, KPIT Tech, Garden Reach Shipbuilders, Force Motors, Dhanlaxmi Bank, Devyani International, MOIL, Piramal Pharma, Prestige Estates, Redington, Star Health Insurance, Syngene, Teamlease, Triveni Engineering, Zensar Tech are among the other earnings from the broader markets. L&T, Netweb Tech, among others will also be reacting to their results. Watch this space for all the LIVE Q1 results updates. — [Source](https://www.cnbctv18.com/market/q1-results-live-updates-asian-paints-adani-ports-ent-hul-eicher-bajaj-hsg-dabur-mtar-kpit-tech-cartrade-colgate-share-price-liveblog-19956225.htm)
- 2026-07-29 — CNBC-TV18: **Sensex Today | Stock Market LIVE Updates: Cartrade Tech falls 8% from highs after result; Nifty up 250 pts** — Sensex Today | Stock Market LIVE Updates: The markets are on the rise, and are trading on a stromg footing. The Nifty up over 200 points, jumping to 24,200. The Nifty Bank index is up 300 points, rising to 57,000. Infosys, Larsen & Toubro and HUL are the top gainers. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-today-hul-asian-paints-adani-oil-lt-grse-it-dmart-share-price-liveblog-19956206.htm)

## Business profile

**Strategic vision:** Digital marketplace ecosystem for automotive and classifieds.

### Business segments
- **CarWale and CarTrade:** Digital marketplaces for new and used cars, offering research tools, dealer/OEM connections, and integrated finance solutions.
- **BikeWale:** A marketplace for new and used two-wheelers, providing research tools, dealer/OEM connections, and finance solutions.
- **OLX India:** An online classifieds platform for buying and selling used and new products across various categories including auto, real estate, and electronics.
- **Shriram Automall:** An omnichannel platform specializing in vehicle auctions, serving retail sellers, dealers, financial institutions, and OEMs through online and physical locations.
- **Adroit Auto:** Provides on-site inspection and valuation services for insurance companies and lenders for automobile assessments and collateral valuations.
- **CarTrade Infotech:** Delivers global software solutions (SaaS) for the automotive industry, including dealership management, financing software, and services for used vehicle markets.
- **Mobility Outlook:** A platform focused on providing insights related to the mobility sector.
- **CarTrade Ventures and CarWale abSure:** Additional brands within the Cartrade Tech ecosystem extending the company's reach and services.

### Competitive strengths
- Extensive digital marketplace ecosystem
- Integrated finance and software solutions
- Multi-brand portfolio covering various vehicle and classifieds segments

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/cartrade
Markdown representation: https://faxioms.com/stocks/cartrade?render=md