CarTrade Tech shares have surged 12.24% to ₹2,668.60 following the launch of CarTrade Used Auto, the company's ambitious new platform targeting India's fragmented used-car market. The stock gained 12.24% during Wednesday's trading session, extending gains for a second straight day after the company unveiled its comprehensive used-car ecosystem. According to Business Standard, this rally reflects strong investor enthusiasm for the initiative, with the stock having soared 37% in the last one month and delivering an impressive 410% return over the past three years. The company currently commands a market capitalisation of approximately ₹11,413 crore, while its 52-week high stands at ₹3,290.
CarTrade Tech has launched CarTrade Used Auto, a comprehensive platform designed to revolutionize India's used-car ecosystem by covering the entire transaction journey including buying, selling, exchanging, and financing. According to the latest regulatory filing submitted to the National Stock Exchange of India (NSE), the platform leverages the strengths of CarWale and OLX India to create a unified, technology-driven, and asset-light solution. The initiative combines the strengths of CarWale and OLX India to offer a unified, technology-led, and asset-light solution for the market. The platform is strategically positioned to serve every used-car transaction across multiple channels including B2C, C2B, C2C and financing. As reported in the regulatory filing, the solution is designed to enable consumers, dealers, enterprises, lenders and service partners across the entire used-car value chain.
The platform is strategically positioned to serve every used-car transaction across multiple channels including B2C, C2B, C2C and financing. According to the company, CarTrade Used Auto will cater to all transaction formats while also offering financing solutions. The platform has introduced SuperDost, an AI-powered suite featuring services such as vehicle matchmaking, pricing assistance and condition assessment to simplify the customer experience. As reported in the regulatory filing, the solution is designed to enable consumers, dealers, enterprises, lenders and service partners across the entire used-car value chain. The platform targets approximately 2 million transactions annually, valued at ₹1.2 lakh crore, addressing fragmentation in the used car journey which often spans discovery, trust, pricing, finance, documentation, and ownership transfer.
With an estimated average transaction value of ₹56 lakh per used car, the current GMV pool exceeds ₹3 lakh crore, with the potential to grow to ₹56 lakh crore by 2030 as volumes increase, ownership cycles shorten, and the vehicle mix becomes more premium. According to Business Standard, India's used-car market is entering a structural growth phase, with the market having already crossed approximately 5.9 million annual transactions and projected to approach 9.5-10 million transactions by 2030. The company also engages with approximately 3 million used-car sellers and 20 million used-car buyers annually across its platforms. CarTrade Used Auto aims to facilitate around 2 million used-car transactions annually, representing a potential transaction value of approximately ₹1.2 lakh crore per year. India's used-car market is experiencing significant structural growth, with annual transactions projected to rise from 5.9 million to approximately 9.5-10 million by 2030.
CarTrade Tech's financial performance has shown strong momentum, with consolidated profit after tax jumping 53.6% YoY and 15.2% QoQ to ₹70.85 crore in Q4 FY26. Revenue from operations stood at ₹203.14 crore in Q4 FY26, up 19.8% YoY but down 3.1% QoQ. As per Aneesha Bhandary, Executive Director and CFO of CarTrade Tech, the platform aims to create a single platform for buying, selling, and exchanging used cars by combining the strengths of these established market players. The initiative is designed to be asset-light, with partnerships with leading banks and NBFCs, positioning the company to unlock finance and retail enablement while remaining technology-led. The company is also developing CarTrade Used Auto Finance, offering customers multiple loan options via partnerships with leading banks and NBFCs, while maintaining its asset-light business model. From a technical standpoint, momentum remains firmly positive with the stock trading above all eight key simple moving averages, though caution may be warranted as the 14-day Relative Strength Index (RSI) is at 71.9, placing the stock in overbought territory.
