Trading Idea - #AUTO1My trading idea for Auto1 Group - Buy/LONG
Target: EUR 9.00 (+28% profit)
The number of vehicles sold at Auto1 has increased, even if the forecast was slightly missed.
Gross profit per vehicle (GPU) in the private customer segment is close to the target of €1000, which is surprisingly strong. The overall valuation of the share is positive after the latest reports.
The latest news indicates a stronger focus towards profitability rather than growth. On the chart, a formation of a bottom can be observed. A good entry point for optimistic investors.
