UBS maintained a buy on CarTrade with a target price of 4,000 rupees, citing underappreciated growth potential

Mon 12 Oct 2026

UBS target price

4000 rupees

Projected revenue growth in 5 years

5x

Heard on business television between 09:13:53 - 09:16:53 IST.

• UBS maintained a buy rating with a target price of 4,000 rupees on CarTrade.
• The brokerage said the market is using an old lens to evaluate OLX and missing its growth potential and total addressable market.
• UBS cited multiple revenue drivers including buyer and seller subscriptions and dealer partnerships.
• It said CarTrade could grow revenues 5x in 5 years, and successful execution could be a major rating catalyst; UBS named it one of its top mid-cap picks.

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