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UBS has maintained a "Buy" rating for Auto1, setting a target price of 28 euros. Analysts anticipate that used car prices will align with new car trends, predicting greater stability following the volatility caused by supply chain disruptions.
UBS has maintained a "Buy" rating for Auto1, setting a target price of 28 euros. Initial assessments of second-quarter internet traffic indicate a strong start for the online used-car dealer, according to analyst Jo Barnet-Lamb's report.
UBS has increased its stake in AUTO1 Group SE, a German software company that operates a digital automotive platform. This platform facilitates the buying and selling of used cars for both consumers and professional dealers, eliminating the need for price negotiations.
UBS has maintained a "Buy" rating for Auto1, setting a target price of 27.10 euros. Analyst Jo Barnet-Lamb praised the online used car dealer for a strong first quarter and noted the company's increased profit targets for 2025, despite uncertainties regarding US import tariffs.
Auto1 shares continue their impressive rally, rising 3.6% to reach €16.50, marking a 150% increase this year. UBS analyst Jo Barnet-Lamb has more than doubled the price target to €20.50, citing a resurgence in consumer activity in the European used car market and effective cost-cutting measures as key growth drivers.
UBS has maintained a Buy rating for AUTO1 Group SE, a German software company that operates a digital automotive platform. This platform facilitates the buying and selling of used cars for both consumers and professional dealers, eliminating the need for price negotiations.
AUTO1 Group SE
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