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CarTrade Tech Ltd.
(CARTRADE)
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Rating:76Outperform
Price Target:
₹3,428.00
▲(39.13% Upside)
Action:Reiterated
Date:06/18/26
The score is driven primarily by strong financial performance (notably the 2026 profitability step-up and low leverage). Technicals add support due to a clear uptrend, but stretched momentum signals temper the outlook. Valuation is the main drag given the high P/E, increasing sensitivity to any slowdown or margin normalization.
Positive Factors
Revenue and profit growth
Strong revenue expansion through 2026, combined with a sharp improvement in profitability, indicates better operating execution and increasing monetization of the company’s automotive marketplaces and technology offerings. If sustained, this can support reinvestment and strengthen its position across the vehicle lifecycle.
Negative Factors
Earnings volatility
The history of a significant loss and wide profitability swings makes current earnings levels less certain than the latest results suggest. Such volatility can reflect an operating model whose margins are not yet fully proven through different conditions, increasing the risk of future normalization.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and profit growth
Strong revenue expansion through 2026, combined with a sharp improvement in profitability, indicates better operating execution and increasing monetization of the company’s automotive marketplaces and technology offerings. If sustained, this can support reinvestment and strengthen its position across the vehicle lifecycle.
Read all positive factors
CarTrade Tech Ltd. (CARTRADE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹147.16B
Dividend YieldN/A
Average Volume (3M)23.64K
Price to Earnings (P/E)63.7
Beta (1Y)1.48
Revenue Growth19.97%
EPS Growth47.90%
CountryIN
Employees1,152
SectorGeneral
Sector StrengthN/A
IndustryAuto - Dealerships
Share Statistics
EPS (TTM)46.79
Shares Outstanding48,512,035
10 Day Avg. Volume25,920
30 Day Avg. Volume23,637
Financial Highlights & Ratios
PEG Ratio0.48
Price to Book (P/B)3.37
Price to Sales (P/S)10.74
P/FCF Ratio36.32
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)59.91
Revenue Forecast (FY)₹9.55B
CarTrade Tech Ltd. Business Overview & Revenue Model
Company Description
CarTrade Tech Limited, founded in 2000 and based in Navi Mumbai, India, operates a comprehensive multi-channel digital platform for the automotive industry, facilitating the purchase and sale of both new and pre-owned vehicles. The company assists...
How the Company Makes Money
CarTrade Tech primarily monetizes its automotive platforms and technology offerings through multiple revenue streams tied to vehicle listings, lead generation, advertising, and dealer/OEM technology subscriptions. A key source of revenue is market...
CarTrade Tech Ltd. Financial Statement Overview
Summary
Income Statement
83
Very Positive
Balance Sheet
90
Very Positive
Cash Flow
78
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 7.79B | 6.41B | 4.90B | 3.64B | 3.13B |
| Gross Profit | 7.79B | 3.53B | 2.41B | 1.49B | -304.39M |
| EBITDA | 3.41B | 1.23B | 570.61M | 174.07M | -1.49B |
| Net Income | 2.23B | 1.35B | 143.03M | 339.98M | -1.32B |
Balance Sheet | |||||
| Total Assets | 30.09B | 27.05B | 25.10B | 23.43B | 22.81B |
| Cash, Cash Equivalents and Short-Term Investments | 9.44B | 6.83B | 6.74B | 10.27B | 9.06B |
| Total Debt | 1.40B | 1.31B | 1.12B | 864.28M | 774.55M |
| Total Liabilities | 3.91B | 3.79B | 3.53B | 2.21B | 2.06B |
| Stockholders Equity | 24.83B | 22.21B | 20.70B | 20.43B | 19.79B |
Cash Flow | |||||
| Free Cash Flow | 2.30B | 1.66B | 129.62M | 411.05M | 573.84M |
| Operating Cash Flow | 2.57B | 1.71B | 158.73M | 482.16M | 631.57M |
| Investing Cash Flow | -2.31B | -1.38B | -1.10B | -165.51M | -2.81B |
| Financing Cash Flow | -233.65M | -268.17M | -329.25M | -391.22M | 2.29B |
CarTrade Tech Ltd. Technical Analysis
Positive
2463.80
Price Trends
2871.07
Positive
2461.04
Positive
2395.28
Positive
Market Momentum
70.05
Positive
55.05
Neutral
52.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CARTRADE, the sentiment is Positive. The current price of 2463.8 is below the 20-day moving average (MA) of 2999.07, below the 50-day MA of 2871.07, and above the 200-day MA of 2395.28, indicating a bullish trend. The MACD of 70.05 indicates Positive momentum. The RSI at 55.05 is Neutral, neither overbought nor oversold. The STOCH value of 52.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:CARTRADE.
CarTrade Tech Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ₹133.25B | 22.45 | ― | 1.07% | 21.48% | 36.97% | |
76 Outperform | ₹147.16B | 63.73 | ― | ― | 19.97% | 47.90% | |
60 Neutral | ₹20.06B | 44.97 | ― | 0.10% | 20.72% | 128.08% | |
56 Neutral | ₹103.09B | 15.29 | ― | 1.13% | 9.93% | 40.80% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | ₹142.72B | 65.43 | ― | 0.14% | 12.46% | 9.19% | |
46 Neutral | ₹7.22B | -297.94 | ― | 0.23% | 25.16% | 90.49% |
* General Sector Average
IN:CARTRADE
CarTrade Tech Ltd.
3,090.45
752.85
32.21%
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CarTrade Tech Ltd. Corporate Events
CarTrade Tech, Spinny Forge Strategic Tie-Up to Elevate India’s Used Car Market
Jul 29, 2026
CarTrade Tech has entered into a strategic partnership with Spinny, a full-stack used-car platform, to streamline and enhance used car buying and selling across its CarWale and OLX India marketplaces. The tie-up combines CarTrade’s large dig...
OLX India, IDFC FIRST Bank tie up to launch digital used-car loans
Jun 28, 2026
OLX India, part of CarTrade Tech Limited and one of India’s major online used-car classifieds platforms, has partnered with IDFC FIRST Bank to introduce a tailored used-car loan offering for its users. The collaboration combines OLX India...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.