My 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...
AUTO1 joined SDAX, but this didnt help the stock at all, what is not a good sign.
With very low volume, it stays around 50-45€ with no real movement.
Signals all not good, so it is not a profitable investment right now.
