Carvana which is similar US based company has started deliverying profit, Cartrade has started making profits in last 4 quarters,
Profit each quarter is steadily increasing and Used Car platform seems to be stabilzing with likes of OLA and others moving out, Revenue wise company is growing at 20%+
Company is also almost debt free and i believe in Promoters vision for platform.
In the worlld of starts up where it has become fashion to burn cash and never become profitable, these guys are very conservative with cash burn and started making consistent profit.
Last but not the least, this company is very good candidate for Acquisition by likes of Tatas and Ambanis who can acquiring numerous starts up recently.
I feel this is the right time to buy the stock. What do you guys think?
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