UBS ON CARTRADE ; BUY | TP ₹4,000

• Market is still using an old lens to evaluate OLX. • UBS believes the market is underestimating OLX’s growth potential and total addressable market. • Multiple revenue drivers include buyer/seller subscriptions, dealer partnerships, financing, escrow, logistics and advertising. • OLX revenue could grow ~5x over the next five years. • Successful execution at OLX could become a major re-rating catalyst for CarTrade. • CarTrade is among UBS’s top mid-cap picks.

CARTRADE TECH LIMITED

← Back to feed