AUTO1 GROUP (AG1) Q2 2025 earnings summary

Executive summary

• Achieved strong year-over-year growth in Q2 2025, with units sold up 20.6% to 200,498 and gross profit rising 33.4% to €231.2 million, driven by both Merchant and Retail segments.

• Vertically integrated business model, digital platform, and pan-European sourcing footprint contributed to operational efficiency and customer value.

• Record number of active buying merchants and expanded branch network, with 40 new branches added in Q2 2025.

• Adjusted EBITDA doubled to €42.3 million, with margin up to 2.1% year-over-year.

• H1 2025 gross profit reached €467.5 million (+39% YoY), with net income of €45.3 million, a turnaround from a loss in H1 2024.

Financial highlights

• Q2 2025 revenue rose 29.8% year-over-year to €1.97 billion, with gross profit up 33.4% to €231.2 million.

• Adjusted EBITDA for Q2 2025 was €42.3 million, up 104% year-over-year; margin improved to 2.1%.

• Group GPU increased 10.3% year-over-year to €1,148 in Q2 2025.

• Cash and liquidity at period end was €617.6 million, up from €613.4 million at year-end 2024.

• Inventories increased 18% year-to-date to €821.8 million, reflecting business growth.

Outlook and guidance

• Full-year 2025 unit sales guidance raised to 772,000–817,000, with Merchant segment expected at 680,000–720,000 and Retail at 92,000–97,000.

• Gross profit forecast upgraded to €890–940 million; adjusted EBITDA now expected at €160–190 million.

• 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.

• Positive trend expected to continue in H2 2025, though Q4 may see seasonal fluctuations.