France's Aramis Group Q3 revenue falls on lower pre-registered vehicle volumes
France's Aramis Group Q3 revenue falls on lower pre-registered vehicle volumes
Overview
France-based online used car retailer's fiscal Q3 revenue fell 5.4% yr/yr to €559.2 mln
Decline driven by lower pre-registered vehicle volumes, partly offset by refurbished vehicle growth
Company confirmed its 2026 financial targets despite market and operational challenges
Outlook
Aramis Group confirms 2026 targets of at least 110,000 total B2C vehicles sold
Company sees 2026 adjusted EBITDA between €35 mln and €45 mln
Company maintains medium-term goal of high single-digit average annual organic growth in B2C volumes
Result Drivers
PRE-REGISTERED VEHICLE DECLINE - Revenue drop mainly due to a 20% fall in pre-registered vehicle volumes, linked to the Middle East conflict and limited supply of pre-registered electric vehicles
REFURBISHED VEHICLE GROWTH - Refurbished vehicle volumes grew 2.9% overall, with double-digit growth in France, Italy, and Spain, supported by expansion of the customer purchasing (C2B) channel
OPERATIONAL TRANSITION IMPACT - Ongoing operational transitions in the UK and Austria led to lower revenues, though volumes stabilized and new customer centers were opened
Company press release: ID:nGNE1ScSwl
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue |
| EUR 559.20 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the department stores peer group is "buy"
Wall Street's median 12-month price target for Aramis Group SA is €5.00, about 42.9% above its July 22 closing price of €3.50
The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 13 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)