Auto1 falls after reporting Q4 results below estimates

AUTO1 SE

28/02/2024 09:53

** Shares in Auto1 Group  AG1G.DE  fall around 10%,
reversing earlier gains, after the German online used-car seller
reported Q4 results below expectations
    ** The results came in -4% versus consensus estimates on
revenues and -1% on gross profit, J.P.Morgan writes
    ** JPM adds that guidance for 2024 is a touch below market
expectations, while the lack of specific EBITDA guidance will be
seen as a small negative
    ** Up to the previous session's close, shares were down 38%​
YTD

 (Reporting by Mateusz Dobrzyniewski)
 ((Mateusz.dobrzyniewski@thomsonreuters.com))