Landmark Cars Stock Soars 10% Despite Goldman Sachs Complete Exit

Landmark Cars Stock Defies Goldman Sachs Exit with 10% Intraday Surge

The share price of small-cap automotive retail company Landmark Cars witnessed a remarkable surge of approximately 10% during intraday trading on Tuesday, January 27. This upward movement occurred despite the complete exit of global investment giant Goldman Sachs Asset Management International from the company.

Goldman Sachs Sells Entire Stake in Landmark Cars

According to a regulatory filing submitted by Landmark Cars, Goldman Sachs Asset Management International has sold its entire holding in the company, ceasing to be a substantial shareholder. The asset manager officially stated, "We wish to inform you that our shareholdings in the Company have decreased to 0 shares, representing 0% of the capital of the Company as at 22 Jan, 2026."

Goldman Sachs Asset Management International, along with its person acting in concert (PAC), Goldman Sachs Asset Management, L.P., reduced its shareholding in Landmark Cars to zero as of January 22, 2026. Prior to this complete divestment, the investor group held a significant position comprising:

2,072,144 equity shares in total
Representing 5.014% of the company's total share capital and voting rights
This included 2,010,349 shares held directly by the seller (4.865%)
And 61,795 shares held by the PAC (0.150%)

The entire stake was sold through the National Stock Exchange of India, with the transaction date recorded as January 22, 2026. Following this sale, both the seller and the PAC now hold zero equity shares, translating to 0.000% ownership and voting rights in Landmark Cars.

Gradual Reduction Leading to Complete Exit

The regulatory disclosure further revealed that Goldman Sachs Asset Management International and its PAC had been gradually reducing their holding in Landmark Cars since their previous filing in October 2024. The divestment occurred in multiple phases:

Between October 1, 2024 and January 21, 2026, the investor sold 455,893 shares, equivalent to 1.099% of the company
This was followed by a larger disposal of 1,616,251 shares, representing 3.898%, on January 22, 2026
In total, 2,072,144 shares or 4.997% were sold during this period

This complete exit marks the end of Goldman Sachs Asset Management International's status as a substantial shareholder in the listed automotive retail company.

Institutional Investor Activity Amid Goldman Sachs Exit

While Goldman Sachs was exiting its position, other institutional investors displayed contrasting activity in Landmark Cars stock:

Nippon India Small Cap Fund significantly increased its exposure by acquiring an additional 15.9 lakh shares of Landmark Cars, representing a 3.8% stake. The transaction was executed at an average price of ₹361 per share, with a total transaction value of approximately ₹57.4 crore. This acquisition builds upon the fund's existing 3.64% stake in the company as of December 2025.

Conversely, Polar Capital Funds Plc – Asian Stars Fund trimmed its holding in the luxury car retailer. The fund, which owned 1.33% of Landmark Cars as of December 2025, sold 1.13% equity during the period. This offloading involved:

Sale of 2.51 lakh shares at ₹370.22 per share
Sale of 2.18 lakh shares at ₹370.02 per share
Total transaction value of ₹17.41 crore

Landmark Cars Share Performance Analysis

Despite the complete exit by Goldman Sachs, Landmark Cars stock demonstrated strong performance, soaring as much as 9.7% to reach its day's high of ₹382.80.

However, the stock remains considerably below its peak levels: