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Investing.com - Goldman Sachs has raised its price target on AUTO1 Group SE (ETR:AG1) (OTC:ATOGF) to EUR35.00 from EUR32.50 while maintaining a Buy rating ahead of the company’s third-quarter results.
The German online used car marketplace is scheduled to report its 3Q25 results on November 5, with Goldman Sachs expecting above-consensus units sold in both its Merchant and Autohero segments, as well as better-than-expected adjusted EBITDA.
Goldman Sachs believes Auto1 could raise its 2025 guidance for units sold, gross profit, and adjusted EBITDA, citing strong trading momentum in the Merchant business that has continued through the third quarter, outperforming the broader market.
The investment bank also noted that recent increases in investment into the Autohero segment have likely driven an acceleration in units growth, supported by high-frequency datasets.
Auto1’s recent announcement of three new Autohero production centers in Italy, Austria, and the Netherlands will increase maximum capacity to approximately 250,000 annual units, representing a 38% increase from the current capacity of about 180,000 units.
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