The Berlin-based used car platform reported an adjusted Ebitda of 58.6 million euros for the second quarter, a significant jump from 42.3 million euros during the same period last year. Sales volume also showed momentum, with the company moving 240,298 vehicles compared to 200,498 a year ago. Even with these figures, Auto1 stuck to its existing guidance of 250 million to 275 million euros in adjusted Ebitda for the full year.
In section Market Quotes
Auto1 Shares Slide as Guidance Remains Stagnant Despite Growth
Investors reacted sharply to Auto1 Group’s decision to maintain its full-year financial targets, sending shares plummeting 9.1% to 21.62 euros in midmorning trading. Despite a robust second quarter that saw revenue climb to 2.43 billion euros, the market signaled clear disappointment that the company’s outlook failed to reflect recent gains.
Jefferies analysts Giles Thorne and Weng Lum Khoo noted that the second-quarter results beat market consensus by a low-to-mid single-digit percentage. They pointed out that the company’s choice to leave annual forecasts unchanged creates an immediate disconnect for shareholders. Looking ahead, the pressure shifts to the second half of the year, where Auto1 must deliver a sharp performance inflection to reach its annual sales target of 940,000 to 1 million vehicles. Year-to-date, the stock has now shed 21% of its value.
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