FRANKFURT (dpa-AFX) - The shares of Auto1 bucked a month-long downward trend on Wednesday. The shares of the car dealer rose by 12 percent to 4.207 euros by the close of trading, putting them at the top of the SDax. The second-line index rose moderately.

Analyst Pal Skirta from Bankhaus Metzler pointed to the purchase of shares by CEO Christian Bertermann as the driving force. This confirms his confidence in the future success of Auto1. The company's share price has fallen by around 92 percent since the beginning of 2021.

Secondly, according to Skirta, the mood for online used car dealers has improved in the USA after the analyst firm Jefferies recently commented positively on Carvana 's shares. Jefferies had spoken of signs of sustained improvements in profitability at Carvana. According to Skirta, investors are probably assuming that Auto1 can follow a similar path to increase profitability and boost sales./la/gl/jha/