UBS starts CarTrade Tech at 'Buy' with ₹4,000 target, sees 42% upside
UBS initiated coverage on CarTrade Tech with a 'Buy' rating and ₹4,000 price target, implying 42% upside. The call cites an asset-light model, operating leverage, and underappreciated growth in used-car C2C platform OLX. Shares rose over 2% to ₹2,873.55.
UBS initiated coverage on CarTrade Tech with a 'Buy' rating and ₹4,000 target (42% upside), citing asset-light model, operating leverage, and underappreciated growth in used-car C2C platform OLX. Shares rose over 2%.
Why this matters
The bullish initiation follows Nomura lifting its CarTrade Tech target to ₹3,286 (~22% upside). UBS's ₹4,000 target and 42% upside mark a stronger vote of confidence, extending a run of positive broker calls.
Retail-company signals accelerating, up +745000% QoQ.