Germany's AUTO1 Q2 revenue rises, EBITDA jumps
Germany's AUTO1 Q2 revenue rises, EBITDA jumps
Overview
Germany digital auto platform's Q2 revenue rose 23% yr/yr on strong unit growth
Adjusted EBITDA for Q2 climbed 38% yr/yr, with margin at a record Q2 high
Company confirmed full-year 2026 guidance for units, gross profit, and adjusted EBITDA
Outlook
AUTO1 Group confirms 2026 guidance for total units at 940,000 - 1,000,000
Company expects 2026 gross profit of EUR 1.1 - 1.2 bln
AUTO1 Group sees 2026 adjusted EBITDA of EUR 250 - 275 mln
Result Drivers
OPERATING LEVERAGE - Co said increased scale drove higher operating leverage and profitability, per CEO Christian Bertermann
BUSINESS MODEL - Co attributed results to its value-first strategy and vertically integrated business model, per CEO Christian Bertermann
CAPITAL-LIGHT FUNDING - CFO said new ABS transaction supports capital-light growth and improved profitability as company scales
Company press release: ID:nEQ2FPP8Ga
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | EUR 2.43 bln | EUR 2.37 bln (2 Analysts) |
Q2 Adjusted EBITDA |
| EUR 58.60 mln |
|
Q2 Gross Profit |
| EUR 280.70 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the online services peer group is "buy"
Wall Street's median 12-month price target for AUTO1 Group SE is €33.00, about 38.8% above its July 28 closing price of €23.78
The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 20 three months ago
Reuters Recommended Reads
July 28 - Mercedes-Benz posts marginal Q2 revenue beat, lowers FY sales outlook
July 28 - Asbury Automotive Q2 adjusted EPS beats estimates on used vehicle profitability
July 28 - Stellantis sells car-sharing business as CEO Filosa focuses on core auto-making
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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.)