Report
Martin Marandon-Carlhian ...
  • Sinan Doganli

AUTO1 : Strategic shift to growth might negatively impact gross profit and opex

>GPU assumptions in the merchant segment reduced from € 800 to € 770 - After updating our assumptions, we made the following changes: 1/ As of Q4 2023e, we expect GPU in the merchant segment to decline as AUTO1 shifts its strategy from a focus on profitability back to growth. As a result, we reduce our Q4 2023e merchant GPU expectations by -5.8% to c. € 778 (previously € 826). For 2024e, 2025e and 2026e we reduce our merchant GPU assumptions by -3.8% from € 800 to € 7...
Underlying
AUTO1 Group

Provider
Oddo BHF
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.

Analysts
Martin Marandon-Carlhian

Sinan Doganli

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