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AUTOSERVER falls for third consecutive day as May transaction volume declines year-on-year for first time in six months
Shares of used-car e-commerce platform operator AUTOSERVER Co., Ltd. <5589> extended their decline for a third consecutive session on Tuesday. The selling pressure was triggered by the company's post-market announcement on Monday, June 1, revealing that preliminary transaction volume for its core membership-based used car distribution platform, "ASNET," dipped 2.3% year-on-year to 20,085 units in May. This downturn marks the platform's first year-on-year contraction in six months, acting as a near-term overhang on the stock.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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