AUTO1 GROUP (AG1) Q2 2025 TU earnings summary

Executive summary

• Achieved strong year-over-year growth in Q2 2025, with units sold up 21% to 200,498 and gross profit up 33% to €231.2 million.

• Vertically integrated business model and pan-European sourcing footprint drove operational efficiency and customer value.

• Record number of active buying merchants and 40 new branches added in Q2 2025, expanding the sourcing network.

• Both Merchant and Retail segments contributed to record performance, with Retail showing particularly robust growth.

Financial highlights

• Q2 2025 revenue rose 29.8% year-over-year to €1.97 billion, driven by 20.6% unit growth and 7.7% ASP growth.

• Gross profit increased 33.4% to €231.2 million; adjusted EBITDA more than doubled to €42.3 million (+104.1% YoY).

• Gross profit per unit (GPU) reached €1,148, up 10.3% year-over-year.

• Adjusted EBITDA margin improved to 2.1% in Q2 2025, up 0.7 percentage points year-over-year.

• Maintained a strong balance sheet with €560 million in cash and no corporate debt at quarter-end.

Outlook and guidance

• Full-year 2025 guidance raised: group units 772,000–817,000, gross profit €890–940 million, and adjusted EBITDA €160–190 million.

• Merchant and Retail segment targets increased, reflecting strong momentum.

• Retail GPU expected to remain slightly above €2,500 for the year; merchant GPU to stay around current levels.

• Long-term goal: 10% market share in European used car transactions and 5–9% adjusted EBITDA margin.