Auto1 jumps after it announces long-term guidance

AUTO1 SE

Wed 08:34

** Shares in Auto1 AG1G.DE rise 8% after the German online car platform provided its guidance ahead of its Capital Markets Event 
** For its Merchant segment, it targets an unit growth corridor of 10-15% p.a. in the long term and for Retail it targets a unit growth corridor of 20-40% p.a. in long term
** Analysts at mwb research note that the Retail segment will become AUTO1's primary profit engine
** "For short sellers, today's CMD makes for very uncomfortable reading," they add
** Shares are among the best performers on the pan-European index Stoxx 600 .STOXX

    
  


 (Reporting by Paolo Laudani in Gdansk)
 ((Paolo.laudani@thomsonreuters.com))