Whalesbook
Shares of CarTrade Tech reached a new 52-week high following news that the company is in discussions for a potential consolidation of CarDekho and BikeDekho's automotive classifieds businesses in India. This move could establish CarTrade Tech as India's dominant online auto platform, leveraging its existing operations like CarWale and OLX India. While the deal's valuation for CarDekho may exceed its previous $1.2 billion valuation, CarTrade Tech has a strong cash reserve and a successful acquisition history. Analysts caution about future investments in technology like Gen AI.