Goldman Sachs resumed coverage of Auto1 Group (ATOGF) with a Buy rating with a price target of EUR 29.20, down from EUR 30. The company is strongly positioned to capture the secular shift online in Europe’s used car market given its large-scale sourcing and logistics capabilities, breadth of offering and trusted brands, with no other scaled competitor operating a similar end-to-end model encompassing C2B, B2B and B2C, the analyst tells investors in a research note.
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