Auto1 jumps 15% after guidance lift, Q3 beat
13/11/2024 08:58
** Shares of Germany's Auto1 AG1G.DE jump around 15% after
the company lifted its full-year guidance and posted
better-than-expected Q3 results
** "Another impressive quarter from Auto1, with the company
reporting a high Q324 beat," J.P.Morgan analysts say in a note
** Q3 adjusted EBITDA came in at 34 mln euros vs 17 mln
euros in company-compiled consensus, cited by JPM
** Broker adds that the guidance hike will drive meaningful
consensus upgrades to adjusted EBITDA expectations for the year
** If gains hold, Auto1 shares will see their best day since
early May
(Reporting by Marleen Kaesebier)
((Marleen.kaesebier@thomsonreuters.com))