BMW Down, Auto1 Up, Hays Rises

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- BMW shares fall as much as 12% to their lowest since November 2020 after the German carmaker slashed its profitability forecast and ramped up its cost-cutting program, flagging worsening demand in China and negative sentiment from the war in the Middle East.
- Shares in Auto1, the platform for buying and selling used cars, rose after providing long-term financial targets for its Merchant and Retail segments at today’s capital markets event.
- Hays shares rise as much as 7.4%, the most in almost two months, after the recruitment company said it has offloaded operations in six countries and is considering options in a number of other nations. Panmure Liberum said the move is the right thing to do.

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