FRANKFURT (dpa-AFX Broker) - A new buy recommendation for Auto1 from US bank Jefferies boosted the share price on Monday. The online used car dealer's shares rose 4 percent to €24.84 in the morning. They rose above the 21-day line and continued the stabilization of the past two weeks. Previously, the share price had fallen sharply.
Analyst Giles Thorne of US investment bank Jefferies initiated coverage of Auto1 with a "buy" rating and attested to the share price's upside potential of around 40 percent with a price target of €34. Auto1 is a pan-European trading platform for car dealers, car owners, and buyers with long-term growth opportunities.
Shares in European car dealers have recently come under heavy pressure. Shares in French company Aramis fell on Thursday to their lowest level since August 2024. Shares in the British company Auto Trader even slipped to their lowest level since November 2023. While both stocks have lost significantly in the 2025 stock market year, Auto1 is still up almost 60 percent despite recent losses.
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