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J.P. Morgan Sticks to Its Hold Rating for AUTO1 Group SE (ATOGF)

In a report released today, Marcus Diebel from J.P. Morgan maintained a Hold rating on AUTO1 Group SE (ATOGFResearch Report), with a price target of EUR24.00. The company’s shares closed last Friday at $22.45.

According to TipRanks.com, Diebel is ranked #3771 out of 7764 analysts.

Currently, the analyst consensus on AUTO1 Group SE is a Strong Buy with an average price target of $45.91.

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Based on AUTO1 Group SE’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.26 billion and GAAP net loss of $34.87 million. In comparison, last year the company earned revenue of $945 million and had a GAAP net loss of $30.6 million.

Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ATOGF in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

AUTO1 Group is a digital automotive platform for buying and selling used cars online. It offers a quick and easy way for consumers and professional car dealers across continental Europe to sell and buy used cars at haggle-free prices through established platforms.

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