Aramis Group Shares Fall 4.77% Midday After Solid Annual Results
The stock of the online used car sales specialist fell by 4.77% at mid-session this Thursday, November 27, trading at 5.39 euros compared to 5.66 euros the day before. This decline occurred the day after the announcement of strong annual results, yet accompanied by cautious 2026 targets that seem to have cooled investor enthusiasm.
Annual Financial Performance
Aramis Group disclosed on November 26 its annual accounts for the fiscal year 2024-2025, reporting a 34% increase in adjusted EBITDA to 67.8 million euros and a net result that quadrupled to 19.9 million euros. The revenue grew organically by 6% to 2.38 billion euros, with 119,109 vehicles sold to individuals, marking a growth of 6.1%. However, for 2026, the group anticipates a decline in volumes to 115,000 units and an adjusted EBITDA of at least 55 million euros, compared to 67.8 million in the previous year. This cautious forecast, in an uncertain macroeconomic context, explains the negative market reaction despite the operational performance achieved. Technically, the stock shows significant weakness. It is now trading below its 50-day moving average of 5.99 euros, confirming the downward trend that intensified this week with a decline of 8.33% over seven days. The RSI at 27 indicates a pronounced oversold condition, having clearly crossed the critical threshold of 30 points. This indicator suggests that the correction movement might be excessive in the short term, although the negative momentum is confirmed by the MACD histogram at -0.10.
Annual Stock Performance
The annual performance of the stock remains detrimental with a decline of 20.27% over the year, significantly underperforming compared to the CAC 40 which recorded a gain of 12.65% over the same period. Over three months, the contraction reaches 2.36%, indicating persistent selling pressure. Trading volumes remain limited this Thursday with only 0.17% of the capital traded, reflecting modest liquidity that amplifies the volatility of price movements. The stock is currently fluctuating between a support at 5.66 euros, breached downwards today, and a technical resistance at 6.62 euros, which now seems distant. Beyond the immediate figures, Aramis Group indicated it anticipates a more gradual execution of its strategic plan than initially envisioned, pushing its medium-term ambitions beyond 2027. The group still targets an annual organic volume growth of between 7% and 9% and an adjusted EBITDA margin of about 5% of revenue, but the extended timeline reflects caution amid operational challenges, particularly in Austria and the UK where managerial transitions are underway.
Financial Position
The company's balance sheet position remains strong. The net debt was reduced by 54.9 million euros during the fiscal year, dropping from 61 million euros at the end of September 2024 to 6.1 million euros, indicating robust cash generation. The group also has unused credit lines amounting to 230 million euros, providing a comfortable financial leeway. The Cashflow Management Fund (CMF) at 0.07 confirms this positive dynamic in cash flow, although the high volatility at 9.05% over a month reflects a turbulent stock market environment. At midday, the CAC 40 slightly rose by 0.1% to 8,104.67 points, further highlighting Aramis Group's underperformance. The next catalyst for the stock will be the publication of the first quarter 2026 activity, expected on January 27 after the close. Until then, investors will monitor the management's ability to improve performances in Italy, where the EBITDA turned positive in the fourth quarter with a volume increase of 27.2%, and to achieve a turnaround in other challenging geographies.
