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Investing.com - UBS raised its price target on AUTO1 Group SE (ETR:AG1) (OTC:ATOGF) to EUR32.10 from EUR28.00 while maintaining a Buy rating following the company’s strong second-quarter performance.
The German online used car marketplace outperformed consensus expectations in Q2 2025 by 15% on adjusted EBITDA, prompting the company to raise its full-year 2025 guidance.
UBS highlighted that AUTO1 continues to substantially outgrow the market, with units sold increasing 21% year-over-year in the first half of 2025, compared to what the company describes as a "stable" European used car market.
The company expects solid gross profit per unit (GPU) for the remainder of the year, with improvements in its Autohero segment, now anticipated to be "around the current GPU or slightly above ~€2,500" versus the "slightly below €2,500" guided during the first quarter.
AUTO1 is also continuing to expand its financing programs, recently launching an in-house consumer financing solution in Spain, while the upgraded guidance accounts for ongoing investments in growth.
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