Record-Breaking Quarter for AUTO1 Group SE

Berlin, November 13, 2024 – AUTO1 Group SE, a prominent digital platform for used car transactions in Europe, announced its most successful quarter to date. The company achieved new highs in units sold, gross profit, and adjusted EBITDA. As a result, AUTO1 has revised its 2024 guidance upward for all key financial metrics.

In Q3, AUTO1 sold a record 176,632 vehicles, marking a 26% increase year over year. Revenue reached EUR 1.6 billion, up 24%, while gross profit soared by 39% to EUR 187.1 million. The adjusted EBITDA hit a record of EUR 34.3 million, a stark rise from the previous EUR 0.5 million in Q3 2023.

The Merchant segment sold 157,582 vehicles, up 25%, generating a gross profit of EUR 144.0 million. Retail operations also flourished, with 19,050 units sold and a 49% growth in gross profit to EUR 43.1 million. AUTO1's strong performance underscores the effectiveness of its unique business model.