Auto1 Group SE

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  • Sectors : Disruptive Technology
  • Companies : Auto1 Group SE

Ratings and price correct at time of issue.

  • Auto1 Group SE

    Closing Price: 1440c

  • RATING 09/02/22

  • PREVIOUS RATING N/A

DAVY VIEW

AUTO1 Group SE (AG1) has executed well operationally and constructed an exciting multi-faceted B2B and B2C business model that plays to the growing online dynamic around used car buying and selling in Europe. FY21 performance has been robust, but the limited free float at IPO and subsequent equity placings have not played well in this market and will hinder future equity performance in our opinion. We initiate with a ‘Neutral’ rating and a price target of €21.

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Feb 9 2022, 06:50 GMT

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