CARTRADE

Jan 29 (Reuters) - Cartrade Tech Ltd CART.BO:

• DEC-QUARTER CONSOL NET PROFIT 426.9 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 1.76 BILLION RUPEES

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** CarTrade Tech CART.BO rises as much as 3.4% to 1,501 rupees, highest since mid-September, 2021

** Online services co expects 25-30% growth in Q3 PAT, driven by strong operating margins, 30% uptick in rev vs Q2

** Stock has gained more than 8% in last three sessions

** JM Financial says CART's 30% growth estimate in new auto, amid relatively muted auto sales, a positive surprise

** Upgrades FY27 EBITDA estimates for new auto and OLX segment to 30x

** Stock rated "buy" on avg; median PT is 1,221 rupees - LSEG

** CART has more than doubled YTD; eyes best yearly gain since listing in 2021

(Reporting by Ashna Teresa Britto in Bengaluru)

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Nov 5 (Reuters) - Cartrade Tech Ltd CART.BO:

• CARTRADE TECH - CONSUMER GROUP EXPECTS TO REPORT 30% Y/Y REVENUE GROWTH FOR Q3

Source text: ID:nBSE9bx29h

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Nov 1 (Reuters) - Cartrade Tech Ltd CART.BO:

• CARTRADE TECH LTD - AMIT KUMAR RESIGNS AS MD, CEO OF OLX INDIA

Source text: ID:nBSE1cvhGP

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Oct 28 (Reuters) - Cartrade Tech Ltd CART.BO:

• SEPT-QUARTER CONSOL NET PROFIT 278.8 MILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 1.54 BILLION RUPEES

Source text: [ID:]

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BENGALURU, Sept 24 (Reuters) - U.S.-based private equity firm Warburg Pincus's unit sold its entire 8.6% stake in Indian automobile portal CarTrade Tech CART.BO on Tuesday through a bulk deal worth 3.75 billion rupees ($44.86 million), according to NSE data.

As of June 30, Warburg Pincus owned more than 4 million shares in CarTrade through its unit Highdell Investment, making it the company's second-largest shareholder, according to LSEG data.

Highdell sold its entire stake at a price of 920.3 rupees per share, a near 6% discount to CarTrade's closing price on Monday.

Mirae Asset Mutual Fund purchased over 3 million shares at an average price of 920 rupees per share.

($1 = 83.5930 Indian rupees)

(Reporting by Ashna Teresa Britto; Editing by Leroy Leo)

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** Shares of Cartrade Tech Ltd CART.NS fall as much as 3.5% to 828.15 rupees

** Warburg Pincus entity Highdell Investment and Temasek's MacRitchie Investments to sell at least 10.4% stake in online used car retailer via block deal on Monday - CNBC-TV18 report

** Adds, share sale at 820 rupees per shr, 8.4% discount to previous closing price; Highdell to sell 7%, MacRitchie selling 3.4%

** Around 2.4 mln shares traded vs 30-day avg of 15,371 shares

** All 6 analysts tracking stock rate it "buy" or "strong buy" - LSEG data

** Stock trims YTD gains to 16.3%

(Reporting by Nandan Mandayam in Bengaluru)

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** Shares of Cartrade Tech CART.BO rise as much as 14% to 855 rupees, highest since Nov. 24

** Online auto retailer says its March-quarter consolidated net profit up over 50% at 225.3 mln rupees ($2.7 mn)

** Rev from ops up 51% Y/Y

** More than 62,000 shares change hands, 2.8x its 30-day avg

** Five analysts covering the stock on avg have a "buy" rating; median PT is 855 rupees - LSEG data

** Stock gained 10% in April

($1 = 83.4675 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

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** Shares of CarTrade Tech CART.BO up as much as 15.92% at 844.75 rupees, hitting their highest level since Jan. 20, 2022

** Online auto retailer says consol net profit more than tripled to 109.3 mln rupees ($1.31 mln) in Q2, while rev from ops surged more than 3x

** More than 160,357 shares traded by 12:43 p.m. IST, 13.6x the 30-day avg in heaviest trading day since July 7

** Mean recommendation of six analysts eyeing the stock is "buy", median PT is 700 rupees - LSEG data

** Stock up ~79% YTD

($1 = 83.3650 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

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** Shares of CarTrade Tech CART.NS rise 3.13% to 635.45 rupees; stock set to snap 5 sessions of losses, if gains hold

** Rise in multi-channel auto platform after its unit Sobek Auto India announces decision to shut down C2B (consumer-to-business) operations of auto transaction business

** Move to reduce Sobek's total expenses, says CART

** Adds Sobek to shift focus to core classified business

** CART shares up 36% in 2023 so far including today's gains - LSEG data

(Reporting by Bharath Rajeswaran in Bengaluru)

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** CarTrade Tech CART.NS up ~5% at 510.20 rupees, on pace to post gains after six-session losing streak

** Since gaining after the online auto retailer's results on Aug. 10, the stock has lost 9.3% in past six sessions

** Post CART's call on Mon with analysts/investors, Nomura say CART's acquisition of Sobek Auto India will nearly double business scale; keeps "buy" and TP of 678 rupees

** 5 of 6 brokerages covering the stock rate it the equivalent of "buy" or "strong buy" median PT is 689 rupees

** Stock now up ~9% YTD after tumbling 45% last year

(Reporting by Manvi Pant in Bengaluru)

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** Shares of Cartrade Tech CART.NS rise as much as 8.80% to a one-month high of 576 rupees

** Uptick after the auto platform company posts a five-fold jump in consolidated net profit in June quarter to 130 mln rupees

** Consolidated revenue up ~4% to 860.7 mln rupees

** Stock most active in a month with a trading volume of 1.49 mln shares as of 12:34 p.m. IST, 4.4 times the 30-day avg - Refinitiv data

** Stock up 17.74% in 2023 so far, including today's gains, compared to 8% rise for Nifty 50 index .NSEI

(Reporting by Bharath Rajeswaran in Bengaluru)

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** Shares of Cartrade Tech Ltd CART.NS rise as much as 16.8% to 569.15 rupees, highest since Oct 28, 2022

** Multi-channel auto platform company on late Monday said it will acquire 100% stake in Sobek Auto India Pvt Ltd from its holding company OLX India B.V for 5.37 bln rupees ($65.2 mln)

** More than 800,000 shares change hands by 09:27 a.m. IST, 3x its 30-day avg

** Five of the 6 analysts covering the stock have rated it "buy" or "strong buy", while 1 rates it at "sell"; median PT is 700 rupees - Refinitiv data

** Stock up ~4% YTD, as of last close

($1 = 82.4100 Indian rupees)

(Reporting by Yagnoseni Das in Bengaluru)

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July 10 (Reuters) - Cartrade Tech Ltd CART.BO:

• CARTRADE TECH LTD- ACQUISITION OF 100% STAKE IN SOBEK AUTO INDIA

• CARTRADE TECH LTD- DEAL FOR 5.37 BILLION RUPEES

Source text for Eikon: ID:nNSE9CSMkz

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April 28 (Reuters) - Cartrade Tech Ltd CART.BO:

• INDIA'S CARTRADE TECH LTD MARCH-QUARTER CONSOL NET PROFIT 149.6 MILLION RUPEES VERSUS LOSS 256.7 MILLION RUPEES

• CARTRADE TECH LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 958.6 MILLION RUPEES VERSUS 931.4 MILLION RUPEES

Source text for Eikon: ID:nNSE7PCVfV

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