CarTrade Tech Achieves Milestone with 150 Million Unique Users Across Platforms

CarTrade Tech, a leader in the digital automotive ecosystem, has announced that its platforms—CarWale, BikeWale, and OLX India—have each surpassed 150 million yearly unique users. Remarkably, over 90% of this traffic was generated organically, showcasing the strength of its customer-centric approach.

Asset-Light Model Fuels Growth

CarTrade Tech’s asset-light business model has been a key differentiator, delivering consistent profitability while driving innovation. The festive season further boosted the company’s revenue growth. For Q3 FY25, the company projects a 25-30% increase in Profit After Tax (PAT) compared to Q2 FY25, underpinned by strong operating margins.

Share Price Performance

Share price of CarTrade Tech touched an intraday high of ₹1,426.95. The stock touched a fresh 52-week high on NSE on December 4, 2024. On a YTD basis, the share price has jumped 96%. 

CFO’s Vision for Continued Growth

Aneesha Bhandary, Chief Financial Officer, expressed her pride in the achievement, stating:

“Reaching 150 million yearly unique users across our platforms highlights the value we deliver to consumers. Our asset-light approach and organic growth strategies have enabled us to maintain profitability while focusing on innovation and customer satisfaction.”

Strengthening Market Leadership

With a focus on organic growth and customer-centric strategies, CarTrade Tech is reinforcing its position as a market leader in the digital automotive space.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.