India's CarTrade Tech jumps as brokerages see new growth avenues
BUZZ-India's CarTrade Tech jumps as brokerages see new growth avenues ** Shares of India's CarTrade Tech CART.BO rise as much as 3.6% to 3,122.20 rupees
** Co's OLX India partnered with Landmark Cars LANM.NS to combine its online used-car marketplace with Landmark's 140-plus retail and service spots across 12 states; vehicles will be bought and sold under a revenue-sharing model
** UBS ("buy",PT:4,000 rupees) says Landmark partnership, scaling of OLX's Elite Buyer programme and new AI-led products should drive next leg of growth for CART
** Nomura ("buy",PT:3,340 rupees) expects CART's EBITDA to grow about 30% annually over FY26-FY29, helped by new revenue streams at OLX and an asset-light business model
** Citi ("buy",PT:3,300 rupees) says Landmark partnership, expansion of its business-buyer programme and AI-based data products could open new revenue opportunities for CART
** YTD, CART up 5.81% while LANM gained 3.4%
(Reporting by Surbhi Misra in Bengaluru)
((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))
Recent news on Landmark Cars
See all newsIndia's Landmark Cars jumps on record Q2 revenue
Brief: Landmark Cars Q2 Total Revenue From Operations Up 17.3% Y/Y
India's Landmark Cars rises on plans to expand BYD, Mahindra outlets
India's CarTrade Tech jumps as brokerages see new growth avenues
Brief: Cartrade Tech says Landmark Cars And Olx India Announce Strategic Partnership For Pre-Owned Car Platform