Cars24 Reports 37% GMV Growth and Positive EBITDA in August
Used-car platform Cars24 reported a 37% year-on-year increase in transaction GMV to Rs 937 crore in August, translating to an annualised run-rate of around Rs 11,000 crore. Adjusted net revenue grew 46% year-on-year to Rs 173 crore, surpassing GMV growth. The company returned to positive EBITDA with Rs 0.7 crore in August. Loan disbursements rose 70% year-on-year to Rs 415 crore, with an annualised lending run-rate near Rs 5,000 crore. Transactions across vehicle-ownership services exceeded 540,000 in August, supported by AI-driven operational improvements.
First-hand measurement across 2 sources
We measured how 2 outlets covered this story. No outlet gave this story a measurable political slant — there is no left–right reading to report. Overall sentiment is positive (76/100). Lens Score 36/100.
Outlets measured: economictimes, businessstandard. See how each one headlined and framed the same story in the source comparison below.
AI Analysis
Sentiment was consistent across outlets (75–78/100), indicating broadly factual reporting rather than editorialising.
Coverage timeline
businessstandard broke this story on 10 Sept, 03:17 pm. Other outlets followed.