AUTO1 GROUP (AG1) Q3 2025 earnings summary

Executive summary

• Achieved record Q3 2025 results with 219,000 vehicles sold (+24% YoY), gross profit of €258M (+38% YoY), and adjusted EBITDA up 51% to €52M, reflecting strong growth in both Merchant and Retail segments.

• Vertically integrated business model maximized value for customers through lower costs, competitive financing, and improved delivery and trust.

• Net income for Q3 2025 was €19.2M, more than doubling from Q3 2024.

• Strategic focus on value creation, customer needs, and targeted investments drove performance across all segments.

Financial highlights

• Q3 2025 revenue exceeded €2.1B, up 32.8% YoY, with group gross profit at €257.7M (+37.7% YoY) and adjusted EBITDA margin at 2.4%.

• Group GPU reached €1,176, with Retail GPU at €2,664 (+18% YoY) and Merchant GPU at €966 (+6% YoY).

• Net income for Q3 2025 was €19.2M, and cash position increased to €628M with no corporate debt.

• Inventory rose to €879M, 80% financed through ABS, and OpEx totaled €206M.

• Average selling price increased 7.3% YoY to €9,719.

Outlook and guidance

• Full-year 2025 guidance raised: group units 811,000–845,000, Merchant 715,000–745,000, Autohero 96,000–100,000.

• Gross profit guidance increased to €940M–€975M; adjusted EBITDA guidance raised to €180M–€195M.

• Expect low- to mid-teens Merchant growth and 25–30% Retail growth in 2026, with marginal GPU improvements.

• Long-term targets: 10% European market share and 5–9% adjusted EBITDA margin.