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Germany's Auto1 Group misses Q3 revenue estimates

By Reuters News


Overview

  • Germany digital car platform's Q3 revenue rose 10% yr/yr but missed analyst expectations

  • Adjusted EBITDA for Q3 rose 46% yr/yr to a record high

  • Company cites new trading system and cost control for record profitability


Outlook

  • AUTO1 Group confirms 2026 total units guidance 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

  • TRADING SYSTEM - Co said new trading system across Merchant and Retail segments lifted gross profit per unit

  • UNIT GROWTH - Double-digit growth in units sold contributed to higher revenue and profitability

  • COST CONTROL - Co said tight cost control supported record adjusted EBITDA margin


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Miss

EUR 2.35 bln

EUR 2.42 bln (3 Analysts)

Q3 Adjusted EBITDA

EUR 75.60 mln

Q3 Gross Profit

EUR 298 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 €31.50, about 75.5% above its November 3 closing price of €17.95

  • The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 27 three months ago


Reuters Recommended Reads

  • Nov 3 - Retailer Zalando launches AI shopping agent as margins squeezed

  • Nov 3 - German retail industry sees higher real growth this year


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.)

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