CarTrade Tech hits all-time high after strong Q1; stock zooms 160% in 11 months

Shares of CarTrade Tech surged nearly 13% on Monday, defying the broader market weakness, after the multi-channel automotive platform posted strong earnings for the quarter ended June 30, 2025. The midcap stock touched a fresh all-time high of ₹2,140.50 during intraday trade, marking an impressive 160% rebound from its 52-week low of ₹817.75, recorded on August 14, 2024.

Following a 3.6% decline in the previous session, CarTrade Tech opened lower today, falling 1.5% to ₹1,868.70 compared to Friday’s close of ₹1,897.70. The stock further slipped 3.2% to an intraday low of ₹1,836, but quickly rebounded, surging 16.6% from the day’s low to hit its new peak.

Finally, CarTrade Tech shares ended 7.9% higher at ₹2,046.95 on the BSE, with a market capitalisation of ₹9,721.80 crore.  In the calendar year 2025, the stock has risen 38%, while it added nearly 23% in the past one month.

For June quarter of FY26, CarTrade Tech, which provides marketplace for users interested in buying and selling new and used vehicles, reported 106% year-on-year (YoY) growth in its net profit. The profit after tax for the quarter stood at ₹47.06 crore as compared to ₹22.90 crore in the year ago period.

In Q1FY26, the company reported its “highest-ever” quarterly revenue of ₹198.50 crore, registering a 27% YoY growth. On the operating front, EBITDA nearly doubled to ₹43.51 crore, from ₹21.92 crore reported in the same period last year.

“This quarter’s performance, reflecting our highest ever in both revenue and profit, is a testament to the strength of our ecosystem and the efficiency of our platform-led model. The consistent growth across our Consumer, Remarketing, and OLX India businesses highlights the depth of our offerings and the trust we have built with customers and partners,” said Vinay Sanghi, Chairman and Founder, CarTrade Tech.

On the operational front, CarTrade Tech reported strong digital traction in Q1FY26, attracting 75 million average monthly unique visitors, with 95% of the traffic being organic, according to the company’s exchange filing.

Segment-wise, the consumer group continued its profitable growth trajectory, registering a 32% year-on-year increase in revenue and a 79% rise in PAT. The remarketing segment also delivered strong performance with 36% YoY revenue growth and a remarkable 258% surge in PAT, indicating improved efficiency and scalability. Meanwhile, OLX India sustained its growth momentum, reporting a 71% YoY increase in profits, driven by operating leverage and successful integration synergies.

CarTrade Tech is India’s largest digital marketplace ecosystem, operating multiple platforms including CarWale, BikeWale, CarTrade, OLX India, Shriram Automall, CarTrade Exchange, and Adroit Auto. 

Sanghi said the company remains focused on driving innovation and have recently intensified its AI-led initiatives to enhance customer experience, improve operational efficiency, and enable smarter, data-driven decision-making across platforms. “Our continued investments in technology, data science, and automation will play a pivotal role as we scale further and unlock new value across all our digital platform,” he said.

Leveraging its strong digital footprint, CarTrade Tech’s three key platforms - CarWale, BikeWale, and OLX India - each surpassed 150 million unique annual visitors in FY25, with over 95% of the traffic generated organically. Meanwhile, the remarketing business recorded 1.4 million auction listings during the year.

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