Shares of CarTrade Tech (NSE: CTT) moved within a tight range, opening at ₹2,990 and closing at ₹2,988 after a brief rally to ₹3,000 earlier. The stock’s month‑to‑date performance shows a 5% decline, yet it has accumulated a 6% gain YTD.
Nomura maintains a buy rating with a ₹3,340 target, implying an 11% upside from the closing price, while UBS sees a ₹4,000 target, a 33% climb.
Management, in its analyst meeting, reiterated focus on scaling its 3.4 million used‑car listings, targeting 10 million in the medium term, and highlighted the Landmark Cars partnership on a revenue‑share basis.
The company also rolled out an elite buyer programme on OLX and is launching a commerce arm for non‑auto used products, adding escrow and logistics services through third‑party partners.
UBS noted the launch of VAYA AI, a data‑intelligence platform for dealers and OEMs, as a driver for digitizing the used‑car buying journey.
With eight analysts recommending buy and two selling, the consensus remains bullish, expecting continued earnings growth once monetization expands.