UBS has increased its target price for Auto1 from 9.80 euros to 20.50 euros, while maintaining a "Buy" rating.
The bank's new analyst, Jo Barnet-Lamb, stated that the investment narrative of the online car dealer has regained momentum. Despite the share price increase this year, Barnet-Lamb believes there is still significant upside potential for the company. He also mentioned that his projections for adjusted operating earnings (aEbitda) for 2025 are 21% higher than the consensus estimates.