CarTrade

CarTrade Tech shares hit a new high of Rs 1,765.20, surging 14% on the BSE in Thursday's intra-day trade after it reported PAT of Rs 45.53 crore in Q3FY25, against loss of Rs 23.55 crore in Q3FY24

CarTrade Tech share price today hit an over three-year high of Rs 1,618, its highest level since September 2021

Cartrade Tech share price scaled up to 6.02 per cent, hitting its 52-week high at Rs 1,034 a piece on the BSE in intraday deals

Highdell Investment, an entity owned by US-based private equity major Warburg Pincus, on Tuesday divested its entire 8.64 per cent stake in Cartrade Tech for a little over Rs 375 crore via an open market transaction. Cartrade Tech is one of India's largest online classifieds and auto auction platforms. According to the bulk deal data available on the NSE, Highdell Investment sold 40.76 lakh shares, amounting to an 8.64 per cent stake in Cartrade Tech. The shares were offloaded at an average price of Rs 920.30 apiece, taking the transaction value to Rs 375.16 crore. Meanwhile, Mirae Asset Mutual Fund purchased 30.22 lakh shares or a 6.4 per cent stake in Cartrade Tech in three tranches, the data showed on the National Stock Exchange (NSE). The shares were picked up at an average price of Rs 920 apiece, taking the aggregate deal value to Rs 278.02 crore. Details of the other buyers of Cartrade Tech's shares could not be identified on the bourse. In June, Warburg Pincus sold an 8.6

New-age stocks have zoomed up to 80% from Election Result day lows. Charts suggest PolicyBazaar, Paytm, Nykaa and Delhivery can rally another 12%; while Zomato and CarTrade may dip going ahead.

Nifty gave up early gains on Aug 06 to end in the negative. In the process it formed a pattern known as Bearish side by side black candle.

The company came out with a Rs 3,000-crore IPO in August 2021, where it sold shares at Rs 1,618 apiece

Warburg Pincus, Temasek Holdings and JP Morgan Investment on Monday divested a total of 13 per cent stake in CarTrade Tech for Rs 535 crore through open market transactions. Highdell Investment, an arm of US-based Warburg Pincus, sold the shares of CarTrade Tech while Singapore's sovereign wealth fund Temasek Holdings' affiliate MacRitchie Investments offloaded shares of the company on the BSE. CMDB II, a private equity fund run by JP Morgan Investment Management also sold the shares of CarTrade Tech through a bulk deal on the National Stock Exchange (NSE). A total of 64.57 lakh shares or 13.77 per cent stake were pared by Warburg Pincus, Temasek and JP Morgan. According to the bulk deal data available on the BSE, Highdell Investment sold 40.65 lakh shares, amounting to an 8.66 per cent stake in CarTrade Tech. MacRitchie Investments sold 20.32 lakh shares or 4.33 per cent stake in Mumbai-based CarTrade Tech. The shares were sold in the price range of Rs 828-828.58 apiece by the tw

Goldman Sachs Asset Management B.V. said their holdings have increased to 2.42 million shares, representing 5.16 per cent of the capital of CarTrade as at May 3, 2024.

Our dominance in the consumer group is unparalleled, especially in the auto portal segment, said Aneesha Menon

Online auto classified platform CarTrade Tech on Monday said it has inked a pact to acquire Sobek Auto India for a consideration of Rs 537 crore. Sobek is engaged in the business of running an automotive digital platform and a classifieds internet business. The company has entered into a share purchase agreement to acquire 100 per cent stake of Sobek from OLX India BV subject to completion of certain conditions, CarTrade Tech said in a regulatory filing. The acquisition of Sobek will be for a consideration of Rs 537.43 crore to be paid on the completion date of the acquisition, it added. The acquisition is in furtherance of the strategic objectives of the company to undertake investments which provide synergistic benefits to the existing businesses of the CarTrade Tech, it said. On June 30, 2023, Sobek had acquired the classifieds internet business from OLX India on the terms and conditions agreed under a business transfer agreement.

Automotive platform CarTrade Tech on Thursday said it has launched CarTrade Ventures and is planning to invest Rs 750 crore in the next 5-7 years to fund acquisition and investment in the automotive space under this business initiative. The company, in a statement, said it will look to acquire and invest in companies offering differentiated services and technology in the automotive space. The capital invested will be through profits generated and funds available in the company, it added. "We have launched CarTrade Ventures to invest in new-age technologies and to digitalise the buying, selling and ownership of vehicles and be a key enabler in the growth of the auto ecosystem. "To facilitate this, we are looking to deploy up to Rs 750 crore for acquiring and investing in companies that are driving innovation in the global auto ecosystem," said Vinay Sanghi, founder and Chairman, CarTrade Tech Group. The company has been successful in growing its business organically and inorganical

Shares of Paytm, FSN e-Commerce Ventures (the parent firm of Nykaa), PB Fintech (parent firm of Policybazaar), and CarTrade Tech surged up to 17 per cent in a month

CLOSING BELL: Broader markets, too, turned tepid as Nifty MidCap 100 and Nifty SmallCap 100 indices declined up to 0.3 per cent

The company more than doubled its India revenue in 2022 to Rs 6,008 crore from Rs 2,776 crore in 2021

Chola, the financial services arm of the Murugappa Group, will be the preferred financier for customers purchasing used vehicles from CarTrade Tech's CarWale abSure's dealers

Automotive platform CarTrade Tech said on Wednesday it plans to launch over 200 abSure (Absolute Sure) retail outlets, a one-stop tailor-made retail facility, pan-India in the next two years.

Since October 29, 2021, the market price of CarTrade Tech slipped 24 per cent after the company reported a net loss for the second straight quarter of current fiscal.

PB Fintech, Fino Payments Bank, SJS Ent, KIMS, Ami Organics, Zomato and Sansera Engg from the BSE IPO index were down between 6 per cent and 19 per cent in intra-day trade today

For H1FY22, CarTrade Tech posted net loss of Rs 81.47 crore against a net profit of Rs 63.57 crore during the same period of FY21