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Buy CarTrade Tech Ltd For Target Rs. 710 - JM Financial Institutional Securities Ltd OLX Acquisition – Steal Deal CarTrade announced the closure of acquisition of 100% stake of Sobek Auto India Private Limited, which includes OLX classifieds platform as well as OLX Autos C2B transactions business. The company paid cash consideration of INR 5.35bn with the acquired entity having liquid assets and cash of roughly INR 1.2bn, implying equity value of INR 4.15bn. As the acquired entity is currently loss-making (~INR 1bn annualised including product & tech expense), in...
Buy CarTrade Tech Ltd For Target Rs. 710 - JM Financial Institutional Securities Ltd
Buy CarTrade Tech Ltd For Target Rs. 710 - JM Financial Institutional Securities Ltd
Source: JM Financial Institutional Securities
23/08/2023 12:21:57 PM
CarTrade Tech completes acquisition of OLX India`s auto business for Rs 536 cr CarTrade Tech has completed the acquisition of Sobek Auto India Private Limited, the company that owns OLX India's auto sales division, for Rs 535.54 crore. CarTrade Tech said the acquisition is in furtherance of the strategic objectives of the company to undertake investments that provide synergistic benefits to its existing businesses. In July this year, CarTrade Tech had entered into a share purchase agreement with Sobek Auto India Private Limited, and its holding company OLX Ind...
CarTrade Tech completes acquisition of OLX India`s auto business for Rs 536 cr
CarTrade Tech completes acquisition of OLX India`s auto business for Rs 536 cr
Source: IANS
14/08/2023 12:09:51 PM
CarTrade Tech logs Rs 13.51 crore Q1 PAT Online automobile platform player CarTrade Tech Ltd on Thursday said it closed the first quarter with a net profit of Rs 13.51 crore. According to the company, for the first quarter of FY24 it had logged a total income of Rs 106.91 crore (Q1FY23 Rs 92.77 crore) and a net profit of Rs 13.51 crore (Rs 3.31 crore). During the quarter under review, the company had 2,50,103 listings for auction and the volumes sold through auction was 49,112. “I am happy to report that we are amongs...
CarTrade Tech logs Rs 13.51 crore Q1 PAT
CarTrade Tech logs Rs 13.51 crore Q1 PAT
Source: IANS
10/08/2023 4:03:27 PM
CarTrade Tech acquires OLX Autos' India biz for Rs 537 crore CarTrade Tech on Monday said it is acquiring Sobek Auto India Private Ltd, the company that owns OLX India's auto sales division, for Rs 537 crore. In a filing with the Bombay Stock Exchange (BSE), CarTrade Tech said it will buy 100 per cent of Sobek's shares and is making the purchase "to provide synergistic benefits to the existing businesses of CarTrade Tech". “This is to inform you that on July 10, 2023, CarTrade Tech has entered into a share purchase agreeme...
CarTrade Tech acquires OLX Autos' India biz for Rs 537 crore
CarTrade Tech acquires OLX Autos' India biz for Rs 537 crore
Source: IANS
11/07/2023 9:32:02 AM
Buy CarTrade Tech Ltd For Target Rs. 710 - JM Financial Institutional Securities Ltd CarTrade reported consolidated revenue of INR 959mn (-1.4%/+2.9% QoQ/YoY) driven by strong performance in Standalone business (+1.9%/28.7% QoQ/YoY) while Remarketing business (-3.9%/-11.4% QoQ/YoY) continues to face headwinds. With new auto sales making record highs in FY23, the company did profit from the return of ad spends. On the contrary, repossessions are down and the management still sees a potential reversal few quarters away. We believe a sustained growth in new auto business as supp...
Buy CarTrade Tech Ltd For Target Rs. 710 - JM Financial Institutional Securities Ltd
Buy CarTrade Tech Ltd For Target Rs. 710 - JM Financial Institutional Securities Ltd
Source: JM Financial Institutional Securities
8/05/2023 2:32:42 PM
Buy CarTrade Tech Ltd For Target Rs. 840 - JM Financial Institutional Securities Got a push, can coming quarters provide the necessary shove CarTrade Tech Limited reported numbers that demonstrate a sustained bounce back in new auto advertising and lead generation (0%/+55% QoQ/YoY) business while remarketing business saw sequential de-growth (-15%/+57% QoQ/YoY) due to the seasonally high Q4. On the margins front, adjusted EBITDA margin declined to 9.4%in Q1FY23 from 20.6% in Q4FY22, largely driven by rise in employee benefit expense (excl. ESOPs) to 53% of revenue from...
Buy CarTrade Tech Ltd For Target Rs. 840 - JM Financial Institutional Securities
Buy CarTrade Tech Ltd For Target Rs. 840 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
12/09/2022 3:30:59 PM
Buy CarTrade Tech Ltd For Target Rs. 840 - JM Financial Institutional Securities Ltd Lock-in Expiry – hold tight or safe flight? * With dust finally settling on the tumultuous pre-IPO shareholding expiry of Zomato, we have another company from the new-age tech stable preparing for the same litmus test. CarTrade’s pre-IPO shareholders’ lock-in expires on Aug 20th, 2022. While the overall size (in INR) of supply expected to hit the market will just be a fraction of the amount for Zomato, at ~57% of CarTrade’s share capital, it is still substantial eno...
Buy CarTrade Tech Ltd For Target Rs. 840 - JM Financial Institutional Securities Ltd
Buy CarTrade Tech Ltd For Target Rs. 840 - JM Financial Institutional Securities Ltd
Source: JM Financial Institutional Securities Ltd
18/08/2022 3:42:36 PM
IDFC First Bank rises on entering into alliance with CarTrade Tech IDFC First Bank is currently trading at Rs. 36.80, up by 0.35 points or 0.96% from its previous closing of Rs. 36.45 on the BSE. The scrip opened at Rs. 36.45 and has touched a high and low of Rs. 37.00 and Rs. 36.15 respectively. So far 1173376 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 62.00 on 09-Jun-2021 and a 52 week low of Rs. 33.05 on 26-May-2022. Last one week high and low of the scrip stood at Rs....
IDFC First Bank rises on entering into alliance with CarTrade Tech
IDFC First Bank rises on entering into alliance with CarTrade Tech
Source: Accord Fintech
31/05/2022 3:37:35 PM
Cholamandalam Investment and Finance Company inches up on partnering with CarTrade Tech Cholamandalam Investment and Finance Company is currently trading at Rs. 652.75, up by 0.50 points or 0.08% from its previous closing of Rs. 652.25 on the BSE. The scrip opened at Rs. 658.50 and has touched a high and low of Rs. 658.50 and Rs. 647.40 respectively. So far 13751 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 770.05 on 26-Apr-2022 and a 52 week low of Rs. 469.75 on 20-Dec-2021. Last one week high ...
Cholamandalam Investment and Finance Company inches up on partnering with CarTrade Tech
Cholamandalam Investment and Finance Company inches up on partnering with CarTrade Tech
Source: Accord Fintech
24/05/2022 10:57:29 AM
CarTrade Tech jumps on entering into partnership with Chola CarTrade Tech is currently trading at Rs. 616.85, up by 22.30 points or 3.75% from its previous closing of Rs. 594.55 on the BSE. The scrip opened at Rs. 595.00 and has touched a high and low of Rs. 620.50 and Rs. 595.00 respectively. So far 3390 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1610.00 on 20-Aug-2021 and a 52 week low of Rs. 462.10 on 24-Feb-2022. Last one week high and low of the scrip stood at...
CarTrade Tech jumps on entering into partnership with Chola
CarTrade Tech jumps on entering into partnership with Chola
Source: Accord Fintech
24/05/2022 10:18:10 AM
CarTrade makes weak stock market debut, lists below issue price CarTrade Tech Ltd made a weak debut on the stock market on Friday and got listed below the issue price of Rs 1,618 per share. On the BSE, it was listed at Rs 1,600 per share. Around 12.40 p.m., shares of the company were trading at Rs 1,552.05, lower by Rs 47.95 or 3.00 per cent from its opening price and Rs 65.95 or 4.08 per cent from its issue price. Yash Gupta, Equity Research Associate, Angel Broking: "We suggest investors who have received the allotment hold the share for a...
CarTrade makes weak stock market debut, lists below issue price
CarTrade makes weak stock market debut, lists below issue price
Source: IANS
20/08/2021 2:14:46 PM
Quote on Cartrade IPO debut by Mr. Yash Gupta, Angel Broking Ltd Below is quote on Cartrade IPO debut by Mr. Yash Gupta, Equity Research Associate, Angel Broking Ltd    Cartrade IPO debut at ₹1600, down by 1.2%. Cartrade IPO got listing today at ₹1600, which is down by 1.2% from the IPO price and now trading at ₹1503, which is down by 7.1% from the IPO price. We suggest investors who have received the allotment hold the share for a short time as we expect the stock to show some recovery in the ne...
Quote on Cartrade IPO debut by Mr. Yash Gupta, Angel Broking Ltd
Quote on Cartrade IPO debut by Mr. Yash Gupta, Angel Broking Ltd
Source: Angel Broking Ltd
20/08/2021 11:56:30 AM
Quote on CarTrade IPO by Mr. Santosh Meena, Swastika Investmart Ltd Below is quote on CarTrade IPO by Mr. Santosh Meena, Head of Research, Swastika Investmart Ltd The market is giving premium valuations to the new edge technology companies where CarTrade is likely to debut in the secondary market on 19th August or 23rd August. We have to see how the CarTrade IPO will perform because retail investors' interest has come down significantly amid a correction in midcap and small-cap space but we saw decent subscription numbers by HNI...
Quote on CarTrade IPO by Mr. Santosh Meena, Swastika Investmart Ltd
Quote on CarTrade IPO by Mr. Santosh Meena, Swastika Investmart Ltd
Source: Swastika Investmart Ltd
17/08/2021 12:07:14 PM
Quote on CarTrade Tech Ltd IPO Subscription Update by Mr. Amarjeet Maurya, Angel Broking Ltd Below is quote on CarTrade Tech Ltd IPO Subscription Update by Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd On 2nd day, CarTrade Tech Ltd IPO issues subscribed -0.60x (1:47 pm as per BSE website). It was subscribed 1.17 times in the retail investor category. The qualified institutional buyers (QIBs) and the non-institutional investors (NIIs) had subscribed to the issue 0.01 times and 0.08 times respectively. Going ahead the company wi...
Quote on CarTrade Tech Ltd IPO Subscription Update by Mr. Amarjeet Maurya, Angel Broking Ltd
Quote on CarTrade Tech Ltd IPO Subscription Update by Mr. Amarjeet Maurya, Angel Broking Ltd
Source: Angel Broking Ltd
10/08/2021 2:25:29 PM
Quote on CarTrade Tech Ltd IPO - 1st day Update by Mr. Amarjeet Maurya, Angel Broking Ltd Below is quote on CarTrade Tech Ltd IPO - 1st day Update by Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd CarTrade Tech Ltd  IPO – 0.41x subscribed on 1st day (Update) On 1st day, CarTrade Tech Ltd IPO issues subscribed -0.41x (5 pm as per BSE website). As per our expectation, Going ahead the company will fully subscribe mainly due to strong brand, better technology platforms, a profitable & scalable busines...
Quote on CarTrade Tech Ltd IPO - 1st day Update by Mr. Amarjeet Maurya, Angel Broking Ltd
Quote on CarTrade Tech Ltd IPO - 1st day Update by Mr. Amarjeet Maurya, Angel Broking Ltd
Source: Angel Broking Ltd
10/08/2021 12:13:21 PM
IPO Note - CarTrade Tech Ltd By Ventura Securities CarTrade Tech Ltd (CTTL), incorporated in 2000, is a web/app based multichannel auto platform provider. The company operates a number of online platforms such as CarWale, CarTrade, Shriram Automall, BikeWale, CarTradeExchange, Adroit Auto, and AutoBiz. CTTL has created an automotive digital ecosystem that connects new and used automobile customers, vehicle dealers, OEMs, financers, insurance companies and other businesses, enabling them to offer their services for different types of vehicles ...
IPO Note - CarTrade Tech Ltd By Ventura Securities
IPO Note - CarTrade Tech Ltd By Ventura Securities
Source: Ventura Securities Ltd
9/08/2021 5:02:42 PM
IPO Note - CarTrade Tech Ltd by Religare Broking About the Company CarTrade Tech Ltd is a multi-channel auto platform with coverage and presence across vehicle types and value-added services. They offer a variety of solutions across the automotive transaction value chain for marketing, buying, selling and financing new and pre-owned cars, two-wheelers, pre-owned commercial vehicles and farm and construction equipment. The company’s platforms operate under several brands such as CarWale, CarTrade, Shriram Automall, BikeWale, CarTrad...
IPO Note - CarTrade Tech Ltd by Religare Broking
IPO Note - CarTrade Tech Ltd by Religare Broking
Source: Religare Broking Ltd
6/08/2021 11:47:14 AM
IPO Note - CarTrade Tech Ltd By Nirmal Bang BACKGROUND CT (Cartrade Tech) is a multi-channel auto platform with coverage and presence across vehicle types and value-added services. Its platforms operate under several brands: CarWale, CarTrade, Shriram Automall, BikeWale, CarTrade Exchange, Adroit Auto and AutoBiz. Through these platforms, CT enables new and used automobile customers, vehicle dealerships, vehicle OEMs and other businesses to buy and sell their vehicles in a simple and efficient manner. CT’s vision is to create ...
IPO Note - CarTrade Tech Ltd By Nirmal Bang
IPO Note - CarTrade Tech Ltd By Nirmal Bang
Source: Nirmal Bang Ltd
6/08/2021 9:26:29 AM
IPO Review - Cartrade Tech Limited By Mr. Amarjeet Maurya, Angel Broking About Company: Cartrade Tech Limited  was incorporated on April 28, 2000. Cartrade is a multi-channel auto platform with coverage and presence across vehicle types and value-added services. They offer a variety of solutions across the automotive transaction value chain for marketing, buying, selling and financing of new and pre-owned cars, two-wheelers as well as pre-owned commercial vehicles and farm and construction equipment. Their platforms operate under several brands: CarWale,...
IPO Review - Cartrade Tech Limited By Mr. Amarjeet Maurya, Angel Broking
IPO Review - Cartrade Tech Limited By Mr. Amarjeet Maurya, Angel Broking
Source: Angel Broking
5/08/2021 5:54:14 PM
IPO Note - CarTrade Tech Ltd By Choice Broking Salient features of the IPO: * Online auto classified platform CarTrade Tech Ltd. (CarTrade), is coming up with an IPO to raise up to Rs. 3,000cr, which opens on 9th Aug. and closes on 11th Aug. 2021. The price band is Rs. 1,585 – 1,618 per share. * The issue only has OFS portion, thus the company will not receive any proceeds from this IPO. * In Apr. 2021, the company executed private placement of shares, which were at discounts to the offer price. Also few of the warrants wer...
IPO Note - CarTrade Tech Ltd By Choice Broking
IPO Note - CarTrade Tech Ltd By Choice Broking
Source: Choice Broking
4/08/2021 5:49:13 PM