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Investing.com -- Auto1 Group SE (F:AG1G) raised its full-year profit guidance after first-quarter results beat analyst expectations across units, revenue and adjusted earnings.
The Berlin-based online car platform reported adjusted EBITDA of €58 million for the quarter, above consensus estimates of €37 million, according to data compiled by Visible Alpha.
Revenue also came in 13% ahead of expectations, driven by higher transaction volumes and increased revenue per unit.
Total (EPA:TTEF) units sold in the quarter exceeded consensus estimates by 7%. The company reported strong growth in both its Merchant and Autohero segments.
Auto1’s gross profit margin reached 12.1% in the quarter, compared with expectations of 11.2%.
RBC Capital Markets analysts said the company is performing well despite a challenging macroeconomic environment and that the quarterly results reinforce confidence in management’s ability to meet market expectations.
Auto1 reaffirmed its full-year 2025 volume guidance, projecting group unit sales between 735,000 and 795,000.
Market expectations are currently centered around 785,000 units. Within the group total, the Merchant segment is forecast to deliver between 650,000 and 700,000 units, broadly in line with consensus of 692,000.
Autohero, the retail division, is projected to reach between 85,000 and 95,000 units, compared to consensus expectations of 93,000.
Gross profit for the full year is now guided to be between €800 million and €875 million, against a consensus estimate of €871 million.
Auto1 did not issue specific revenue guidance, though consensus for full-year revenue stands at €7.2 billion.
The company increased its full-year adjusted EBITDA forecast to a range of €150 million to €180 million, up from the previously expected €172 million.
However, management cautioned that gross profit per unit is likely to be lower in the remainder of the year compared with the record levels seen in the first quarter.
The company noted that the second quarter may be affected by a negative calendar impact, including the timing of Easter and an increased number of public holidays in May and June.
These factors typically affect transaction volumes, particularly in the Merchant segment.