Auto1/LT targets ahead of CMD, PUB/ LiveRamp, BCG/FY preview, HTG, Wiley

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Auto1/LT targets ahead of CMD, PUB/ LiveRamp, BCG/FY preview, HTG, Wiley

Deutsche Bank

Research

Europe Industry Date

France 17 June 2026

Germany DB Media & Online

United Kingdom Periodical

#what's appening

Media and Online

Auto1/LT targets ahead of CMD, PUB/

LiveRamp, BCG/FY preview, HTG, Wiley

Silvia Cuneo

Newsflow, overnight research, valuation comps - if you'd like to discuss any of the

Research Analyst

following in more detail or require models, please get in touch with Gareth, Nizla, +44-20-754-73770

Steve or Annabel. Our contact details are listed in the right-hand margin.

Nizla Naizer

Auto1 Group SE (Nizla Naizer) : Publishes long-term growth targets ahead of the +44-20-754-12403

virtual CMD today, positive

Auto1 will host its first virtual CMD today; solid long-term growth targets should be Gareth Davies

received positively Research Analyst

Auto1 will be hosting its first Capital Markets event today via a virtual event starting +44-20-754-11560

at 3pm CET (register here). Ahead of the event, Auto1 released several long-term Steve Liechti

targets for each of its individual segments which are ahead of current consensus. Research Analyst

Also reiterates its current 2026 guidance. Summarizing the long-term targets: +44-20-7541-1549

Annabel Hames

n Merchant: Auto1 expects long-term growth of ~10-15% yoy in Merchant Research Analyst

volumes over the long-term, with a "milestone" target of ~1.2m Merchant +44-20-754-11574

cars sold a year from ~740k in 2025. At these milestone volumes, expects

the adj. EBITDA per car could be over EUR400 (implying ~EUR480m of adj. Tarun Mittal

EBITDA from the Merchant business alone). Consensus (BBG) is currently Research Associate

at a CAGR of 8% for Merchant volumes over 2026-2029E and this may move

up based on the current targets.