Auto1 Group shares fall after Q3 results miss expectations

By Reuters News

** Shares in German online used car marketplace Auto1 Group AG1G.DE fall 2.5% after third-quarter revenue and adjusted earnings came in below expectations

** "3Q26 results soft at the headlines," Jefferies analysts note, adding that revenue and adjusted earnings both came in 2.7% behind consensus estimates

** The analysts add that unit sales growth decelerated in the quarter, with merchant and retail units sold coming in 0.7% and 2% below expectations, respectively, though adjusted earnings margins improved 0.8 percentage points year-on-year to 3.2%.

** The impact on the stock is seen as softened by the fact that Auto1's Oct. 2 pre-close newsletter already flagged slowing unit sales growth, according to Jefferies

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