** Shares in AUTO1 Group XETR:AG1 are up 4.1% after Jefferies initiates coverage of the German online car platform with "buy"
** Jefferies says the "born digital" company is driving a long overdue digitalisation of the European automotive wholesaling and retailing industry
** "As a born-digital and regional buyer / seller of cars, with efficient access to capital, Auto1 is primed to drive deep-rooted digitalisation in European car wholesaling and retailing", Jefferies says
** It adds this should lead to high quality structural earnings growth for Auto1, long into the future
** AUTO1 shares are up 50% year-to-date