ATOGF News and Press, AUTO1 Group

2023-04-17 23:52:15 ET Summary AUTO1 is a European online used car dealer with a merchant and retail business. Shares have continuously been beaten down since the IPO in February 2021. AUTO1 forecast to reach profitability (on an adjusted EBITDA basis) in Q4 2023. If the compa...

Summary Online penetration in the UK's used vehicle industry is currently very low, setting the stage for a large market opportunity. Management remains focused on cash-preservation and achieving positive EBITDA in 2023. Cazoo's valuation remains depressed and does not reflect the c...