Report
AUTO1 : AUTO1 will probably have to choose between growth and margins
>Underperform opinion reiterated, target price of € 6 (vs € 9) - We continue to think AUTO1’s operating leverage is over-estimated (limited pricing power and economies of scale) and that the profitability trajectory remains difficult to predict (GPU is still insufficient to cover all marketing costs per vehicle on Autohero). As such, the group will have to choose between growth and margins, in our view. We therefore expect AUTO1 to adjust the ramp-up of Autohero (whic...
Underlying
AUTO1 Group
Provider
Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Martin Marandon-Carlhian
Other Reports on these Companies
Other Reports from Oddo BHF
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.