Auto1 Group shares slide, analysts point to profit taking

AUTO1 SE

06/11/2025 10:14

** Shares of German Auto1 Group AG1G.DE slide around 9%, extending losses from Wednesday after Q3 results

** "There's a mix of factors - likely profit-taking by some investors and also the general weakness in tech stocks, which likely weighs on Auto1 as well given its tech- and AI-driven platform," Metzler analyst Pal Skirta says

** Auto1 shares closed down 4% on Wednesday after opening up around 2% at market open after results

** The online second hand car dealer had raised its full year forecast after a surprisingly strong third quarter

** A local trader said some investors might have taken another look at the figures and thought they weren't that good after all

** Another pointed out rising operating expenses

** Shares are now on track for their worst day since May

 (Reporting by Marleen Kaesebier and Zuzanna Szymańska)

 ((marleen.kaesebier@thomsonreuters.com))