AUTO1 Group SE
F:AG1
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AUTO1 Group SE
F:AG1
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AUTO1 Group SE
AUTO1 Group SE is an online used-car company that connects sellers, dealers, and retail buyers across Europe. It buys and sources used vehicles, inspects and reconditions them, and then sells them through two main channels: a wholesale marketplace for car dealers and a consumer-facing retail brand for people who want to buy a used car online. Its business sits in the middle of the used-car value chain, where speed, pricing, and trust matter a lot. The company makes money mainly by earning a spread on cars it buys and sells, plus fees and related revenue from moving vehicles through its platform. In wholesale, AUTO1 helps professional dealers find inventory and complete transactions more efficiently. In retail, it sells cars directly to consumers, often adding services such as delivery, financing, and warranties that make the purchase easier and more convenient. What makes AUTO1 different is that it uses technology to organize a market that has traditionally been fragmented and local. Instead of relying on small independent lots and manual trading, it standardizes inspection, pricing, logistics, and online sales. That gives it a central role in the used-car market as both a dealer-to-dealer trading hub and a direct seller to end customers.
AUTO1 Group SE is an online used-car company that connects sellers, dealers, and retail buyers across Europe. It buys and sources used vehicles, inspects and reconditions them, and then sells them through two main channels: a wholesale marketplace for car dealers and a consumer-facing retail brand for people who want to buy a used car online. Its business sits in the middle of the used-car value chain, where speed, pricing, and trust matter a lot.
The company makes money mainly by earning a spread on cars it buys and sells, plus fees and related revenue from moving vehicles through its platform. In wholesale, AUTO1 helps professional dealers find inventory and complete transactions more efficiently. In retail, it sells cars directly to consumers, often adding services such as delivery, financing, and warranties that make the purchase easier and more convenient.
What makes AUTO1 different is that it uses technology to organize a market that has traditionally been fragmented and local. Instead of relying on small independent lots and manual trading, it standardizes inspection, pricing, logistics, and online sales. That gives it a central role in the used-car market as both a dealer-to-dealer trading hub and a direct seller to end customers.
Record quarter: AUTO1 said Q1 2026 was a record, with group units sold up 22% year on year to 249,000 and gross profit also up 22% to EUR 289 million.
Profitability: Adjusted EBITDA came in at EUR 60 million, up EUR 2 million year on year and EUR 15 million quarter on quarter, helped by better operating leverage and lower OpEx per unit.
Retail surge: Autohero units jumped 48% to 32,500, while Retail gross profit rose 47% to EUR 82 million; management said the business is still early in its long-term growth runway.
Merchant strength: Merchant sold a record 216,000 units, up 19%, and crossed 200,000 quarterly units for the first time, though GPU was down 3% because of severe weather in January.
Guidance kept: Full-year guidance was confirmed, with total units of 940,000 to 1 million, gross profit of EUR 1.1 billion to EUR 1.2 billion, and adjusted EBITDA of EUR 250 million to EUR 275 million; management said they are aiming for the top end.
Macro and credit: Management said the used car market was roughly stable, macro impact was limited and contained, and credit performance improved in Q1 after a legacy underwriting issue in 2025.
Capital Markets event: AUTO1 announced its first Capital Markets event for June 17, where it plans to share historic segment financials and long-term targets.
