CarTrade Tech shares slump 4% as firm confirms acquisition discussions with rival CarDekho; all you need to know

“These discussions are limited to the automotive classifieds businesses and do not include financing, insurance, or other non-automotive businesses of theirs. At this stage, there is no binding or definitive agreement executed in relation to the transaction referred to in the said reports,” CarTrade said in a regulatory filing.

The deal, touted as one of the biggest in India’s digital auto sector, is expected to take the form of a cash-and-equity arrangement. The report further stated that due diligence has been completed, and both sides are now negotiating the final terms.

Following this, CarTrade on Tuesday said, “The Company, in the ordinary course of its business, continually evaluates various strategic opportunities, including potential investments and acquisitions, as part of its growth strategy. In this context, the Company has been in discussions with Girnar Software regarding a potential consolidation opportunity in the new and used automotive classifieds businesses (CarDekho and BikeDekho) in India.”

CarTrade Tech is a multi-channel automobile platform with a presence across vehicle categories and a wide range of value-added services. It operates through well-known brands such as CarWale, CarTrade, Shriram Automall, BikeWale, CarTradeExchange, Adroit Auto, and OLX India. Through these platforms, the company enables customers, dealers, OEMs, and other businesses to seamlessly buy and sell new and used vehicles.

CarTrade Tech’s Q2 earnings

The company’s consolidated net profit increased 109% year-on-year (YoY) to ₹64.1 crore in Q2 FY26 from ₹30.7 crore a year earlier. Sequentially, profit jumped 36.1% from ₹47.1 crore in the previous quarter.

Its revenue from operations for the quarter rose 25% to ₹193.4 crore as compared to ₹154.2 crore a year earlier and nearly 12% from ₹173 crore in the previous quarter.

CarTrade Tech share price

After opening at ₹3,044 apiece on NSE, shares of CarTrade Tech had touched an intraday high of ₹3,146 apiece, rising 5.5% from its previous close. It later lost momentum and slid.

At 11:15 AM, CarTrade Tech shares were trading at ₹2,883.50 apiece on NSE, declining 3.29%.

Over the one-month time, the stock has risen more than 16%.

In the last six months, CarTrade shares have zoomed 78%, and since the beginning of 2025, the stock has advanced 92%.

Shares of the firm had touched their one-year high of ₹3,180 apiece on October 28, 2025, while their 52-week low of ₹1,160.95 was hit on November 18, 2024.