Shares of CarTrade Tech hit a new high of ₹3,008.95, soaring 13% on the BSE in Tuesday's intra-day trade after the company reported its highest-ever quarterly revenue and PAT for Q2FY26.
Domestic brokerage JM Financial downgraded CarTrade to a 'Sell' rating from 'Hold' with a September 2026 target price of ₹2,350, implying around 14 per cent downside from current levels.
CarTrade stock hit a new high of ₹2,586, surging 5% in an otherwise subdued market after OLX India said it achieved its highest-ever monthly revenue in July and August 2025.
The subscription-based Elite Buyer Program gives users category-specific tags and verified leads to speed up responses and boost trust in second-hand transactions
Thursday's rally comes on the back of the company's announcement that its business platforms, including CarWale, BikeWale, and OLX India, have surpassed 150 million unique annual users
Sell your old device at a reasonable price before buying a new device. If you are finding ways to sell old phones then here are the top 5 websites, where you can sell your old device at a good price
Prosus's online marketplace and classifieds business arm, Olx Group has laid off approximately 800 employees worldwide and shut down its automotive division in some markets
Joining the mass layoff season, online marketplace OLX Group is slashing 15% of its workforce, or more than 1,500 employees, globally including in India
The pre-owned car market has got a boost with the entry of startups like Cars24, Olx Autos, Droom and CarTrade. But there's still a policy vacuum here. Let's understand how it can hit the market