Business

UBS says CarTrade Tech’s OLX buy can deliver 5x revenue in five years. Here’s why

The Economic Times · 14 October 2026 at 12:19 pm

Global brokerage firm UBS maintained a Buy rating on CarTrade Tech with a target price of Rs 4,000, citing strong monetisation potential in its OLX India business.

UBS expects OLX’s emerging revenue levers, such as financing, subscriptions, and logistics to drive a 5x revenue expansion to Rs 11.8 billion by FY31.

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UBS says CarTrade Tech’s OLX buy can deliver 5x revenue in five years. Here’s why

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