Bernstein cuts Aramis to 'market perform,' says market deterioration delays progress towards LT targets

Aramis SA

13/05/2026 15:24

** Bernstein downgrades French online used car retailer Aramis  ARAMI.PA to "market perform" from "outperform" after the group cut its full year outlook

** It says the downgrade was prompted by worsening market conditions since Q1, as tougher macro headwinds and higher energy costs weigh on the car market, particularly in France

** "Progress towards long-term margin objective to be delayed yet again," the brokerage points out

** It notes the group's markets declined by 4% in the first quarter and 5% in the second quarter

** Aramis on Tuesday lowered  its unit volumes guidance to 110k from 115k, and revised downwards adjusted EBITDA forecast to EUR 35-45 mln from at least EUR 55 mln

** Shares are down 20.1% at 14:18 GMT, on track for their worst day ever

** Among the six analysts covering Aramis, four rate the stock "strong buy" or "buy," and two rate it "hold" - LSEG data

(Ronan Corcoran and Margaux Perrin )

((Ronan.Corcoran@thomsonreuters.com and Margaux.Perrin@thomsonreuters.com))