AUTO1 GROUP (AG1) Q2 2026 TU earnings summary

Executive summary

• Achieved strong Q2 2026 growth with units sold up 20% year-on-year to 240,298 and revenue increasing 23.4%.

• Adjusted EBITDA rose 38.4% year-on-year to EUR 58.6 million, with margin reaching a record Q2 high of 2.4%.

• Both merchant and retail segments contributed to growth, with record adjusted EBITDA in merchant and robust unit growth in retail.

• Vertically integrated business model, disciplined cost management, and capital-light growth strategy drove operating leverage and efficiency.

Financial highlights

• Q2 2026 revenue reached EUR 2.43 billion, up 23.4% year-on-year; gross profit was EUR 280.7 million, up 21.4%.

• Group gross profit per unit (GPU) rose 2.3% year-on-year to EUR 1,174.

• Operating expenses grew 18% to EUR 222 million, below gross profit growth.

• Total cash increased by EUR 24 million in Q2 2026, reaching EUR 676 million.

• Retail segment revenue up 44.1% year-on-year to EUR 598.3 million; merchant segment revenue up 17.9% to EUR 1.83 billion.

Outlook and guidance

• Full-year 2026 guidance confirmed: total units 940,000–1,000,000; gross profit EUR 1.1–1.2 billion; adjusted EBITDA EUR 250–275 million.

• Merchant segment units expected at 815,000–865,000; retail segment at 125,000–135,000.

• Merchant unit growth expected at the top end of the 10%-15% corridor; retail growth in H2 projected at 20%-30%.

• Sequential GPU improvements anticipated in H2 as trading speed increases and inventory stabilizes.