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Pasquarelli Auto SpA ( (IT:PSQ) ) has shared an update.
Pasquarelli Auto has completed the acquisition of a 67% stake in Sesto Autoveicoli, a historic car dealer in Milan, enhancing its position as a major player in the Italian automotive market. This strategic move strengthens its presence in Northern Italy, particularly Lombardy, and is expected to create synergies that will boost market competitiveness and service innovation for customers and automotive brands.
The most recent analyst rating on (IT:PSQ) stock is a Buy with a EUR3.20 price target. To see the full list of analyst forecasts on Pasquarelli Auto SpA stock, see the IT:PSQ Stock Forecast page.
More about Pasquarelli Auto SpA
Pasquarelli Auto S.p.A., founded in 1986, is a comprehensive mobility provider specializing in the trade of new and used cars and commercial vehicles under its brand SecondLife. The company offers a wide range of services including short, medium, and long-term rentals, technical assistance, and the sale of spare parts. It is listed on the Euronext Growth Milan market and operates 14 sales points across Lazio, Abruzzo, and Molise. Pasquarelli Auto is known for its diverse automotive brand offerings, including both traditional and emerging Chinese brands, and has demonstrated significant growth with a 31% CAGR from 2012 to 2023.
Average Trading Volume: 42,306
Technical Sentiment Signal: Hold
For an in-depth examination of PSQ stock, go to TipRanks’ Overview page.