Cars24’s annualised transaction GMV crosses ₹11,000 crore as August revenue rises 46%
Cars24 reported August transaction GMV of ₹937 crore, up 37% year-on-year, and adjusted net revenue of ₹173 crore, up 46%. Loan disbursals reached ₹415 crore, while the used-car platform said it remained EBITDA-positive and is using AI to lift operating productivity.
What happened
Indian used-car platform Cars24 reported August transaction GMV of ₹937 crore and adjusted net revenue of ₹173 crore, remaining EBITDA-positive. India GMV rose
Key facts
- August transaction GMV ₹937 crore, up 37% YoY and 11.1% MoM
- Annualised transaction GMV run rate approximately ₹11,000 crore
- Adjusted net revenue ₹173 crore, up 46% YoY and 16.4% MoM
- Annualised adjusted net-revenue run rate over ₹2,000 crore
- August loan disbursals ₹415 crore, up 70% YoY and 15.7% MoM
What changed
Indian used-car platform Cars24 reported August transaction GMV of ₹937 crore and adjusted net revenue of ₹173 crore, remaining EBITDA-positive. India GMV rose 38% year-on-year, while loan disbursals reached ₹415 crore; the company highlighted AI-led productivity gains.
Why this matters
Cars24’s 37% GMV growth, 46% revenue growth and continued EBITDA positivity indicate improving scale efficiency, with AI positioned to further raise operating productivity.
What to watch
- Monthly GMV growth versus adjusted net-revenue growth, indicating whether take rates are expanding or contracting.
- EBITDA positivity after marketing, reconditioning, inventory-financing and credit-loss costs.
- Loan-disbursal growth, finance attach rate, delinquency trends and cost of borrowing.
- Inventory days, vehicle gross margins, cancellation rates and resale-value trends.
- Competitive pricing and marketing activity from Spinny, CarDekho, OLX and OEM-certified used-car programs.