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The Economic Times

Veer Sharma

UBS initiates coverage on CarTrade Tech with Buy rating, sees 42% upside. 4 reasons why

UBS CarTrade Tech CarTrade OLX

International brokerage firm UBS has initiated coverage on Car Trade Tech with a Buy rating and a target price of Rs 4,000, forecasting a 42% upside from current market levels, citing robust growth levers ahead.

UBS believes CarTrade Tech's asset-light business model offers significant operating leverage and expects its EBITDA margin to expand to 47% by FY30 from 33% in FY26 and 9% in FY23, approaching the 50-60% margin range seen among global peers.

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