JPMorgan Maintains Overweight Ratings for Auto1 and Nemetschek

JPMorgan retained its Overweight rating on Auto1, the German online used‑car marketplace, and kept the target price at €37. The bank highlighted expected growth in trade and sales volumes and noted that the 2027 forecasts are about 23 % above consensus, emphasizing the importance of scaling the platform’s operational pipeline.

In a separate note, JPMorgan also left Nemetschek, the German construction‑software specialist, on Overweight with a target price of €110. The analysis, based on a discussion with CEO Yves Padrines, focused on the firm’s AI initiatives, its broad software divisions and potential M&A activity as key growth drivers.