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NSE:CARTRADE

4 stories mentioning NSE:CARTRADEUpdated 33d ago

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Asia

OLX India Partners IDFC First Bank to Launch Used-Car Loan Offering

OLX India, part of CarTrade Tech (NSE:CARTRAD, BOM:543333), has partnered with IDFC First Bank (NSE:IDFCFIRSTB, BOM:539437) to launch a used-car loan offering for users on its platform.The partnership combines OLX India's used-car marketplace with IDFC First Bank's vehicle financing capabilities to provide tailored loan options for eligible customers, according to a company filing on Sunday. The offering will improve access to financing for digital-first users in India's used-car market.

BOM:539437BOM:543333NSE:CARTRADENSE:IDFCFIRSTB
Asia

CarTrade Tech Launches Used-Car Platform

CarTrade Tech (NSE:CARTRADE, BOM:543333) said it has launched CarTrade Used Auto platform to expand its presence in India's used-car market, according to a Monday filing on Indian bourses.The platform combines strengths of CarWale and OLX India businesses, the filing said. It brings together buying, selling, exchange and financing services on a single system, it added.CarTrade also introduced "SuperDost", a toolset aimed at supporting pricing, vehicle evaluation and matching services for used-car transactions.The company said its platforms together handle about 65 million monthly users and engage with around 3 million used-car sellers and 20 million buyers annually.Shares of the company fell nearly 1% in recent trade.

BOM:543333NSE:CARTRADE
Asia

Nomura Adjusts CarTrade Tech's Price Target to INR2,740 From INR3,026, Keeps at Buy

CarTrade Tech (NSE:CARTRADE, BOM:543333) has an average rating of overweight and mean price target of 2,908.75 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

BOM:543333NSE:CARTRADE
Asia

CarTrade Tech's Consolidated Profit Climbs in Fiscal Q4; Shares Jump 6%

CarTrade Tech's (NSE:CARTRADE, BOM:543333) consolidated attributable profit rose to 646.1 million Indian rupees from 418.2 million rupees a year ago, according to a Thursday filing to the Indian stock exchanges.Earnings per share climbed to 12.87 rupees from 8.18 rupees a year earlier, the online auto classifieds platform said in a filing to the Indian stock exchanges on Thursday.Revenue from operations in fiscal Q4 also increased to 2.03 billion rupees from 1.70 billion rupees a year ago.The company's shares were up over 6% in recent trade.

BOM:543333NSE:CARTRADE

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