CarTrade shares surged 8.3% to ₹3,178 after UBS lifted its target to ₹4,000, signaling a 36% upside from Friday's close of ₹2,951.
UBS highlighted OLX India’s operating margin of over 30%, a sharp lift from prior inefficiencies, and projected a 3.8× revenue growth over five years driven by subscriptions, dealer ties, and logistics services.
Among 10 analysts, eight hold a Buy rating and two a Sell; the consensus target sits 8.9% above Friday’s close, while the stock’s 12% year‑to‑date gain reflects broader market optimism.
The next benchmark is the Q3 earnings release on Oct 31; a solid revenue uptick could push the target higher, whereas a miss might trigger a retracement toward the ₹2,951 base.
CarTrade’s trajectory mirrors peers like CarDekho, but the OLX platform’s diversified revenue streams could unlock a re‑rating that has yet to materialize in the sector.