CarTrade Tech shares rally 9% to a record high after Q1 profit more than doubles

CarTrade Tech’s shares surged, reaching a 52-week high, following a significant increase in quarterly profit and revenue. The company’s strong performance was driven by growth across its Consumer, Remarketing, and Classifieds segments, along with higher other income. Technically, the stock exhibits a bullish trend, trading above key moving averages and showing positive momentum indicators.

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