AUTO1 Group shares rise by 0.35 percent - financial expert analyzes price development

AUTO1 Group shares rise by 0.35 percent - financial expert analyzes price development

According to a report by m.ariva.de, the share certificate of the AUTO1 Group shows fixed price quotations today. The current price is 6.27 euros, which corresponds to an increase of 0.35 percent. Despite this price gain, the AUTO1 Group share is still far from its all-time high of 56.76 euros, which it reached on February 4, 2021.

The company AUTO1 Group SE is involved in car trading and the remarketing of used vehicles. In the last financial year, the company recorded a loss of 374 million euros on sales of 4.78 billion euros.

The positive price movements of the AUTO1 Group share contrast with a slightly declining overall market. The SDAX is currently down 0.05 percent.

This development could indicate that investors continue to have confidence in AUTO1 Group, despite its past loss. The demand for used vehicles and remarketing solutions could therefore remain stable, which could have a positive impact on market sentiment and investments in the car trade. The rise in the share price is therefore interpreted as a sign of investors' confidence in the company's future prospects.