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AutoScout24
Work Here?
Online marketplace facilitating European car transactions
AutoScout24
Work Here?
Online marketplace facilitating European car transactions
Overview
AutoScout24 operates an online car marketplace across 18 European countries with a catalog of over 2.4 million vehicles and about 10 million monthly visitors. Users browse and search listings to buy or sell cars; dealers and private sellers pay listing fees or advertising and value-added services, and the platform offers marketing tools to help reach buyers. It differentiates itself by offering a large, pan-European inventory combined with dealer marketing solutions and a dual channel for private and professional sellers, supported by an ecosystem of related automotive platforms. Its goal is to enable efficient, large-scale vehicle transactions online by giving buyers broad choice and giving sellers a strong channel to connect with customers while generating revenue from listings, advertising, and services.
About AutoScout24
Industries
Automotive & Transportation
Consumer Software
Enterprise Software
Company Size
501-1,000
Company Stage
Debt Financing
Total Funding
$3.5B
Headquarters
Munich, Germany
Founded
1998
Simplify's Take
What believers are saying
- Trader acquisition adds 26 million Canadian monthly visits and 5,000 dealer partners outside Europe.
- Post-Trader integration, 70% of revenues from number-one market positions versus 50% previously.
- €250 million debt add-on strengthens Dutch market position without impacting B+ credit ratings.
What critics are saying
- Leverage exceeds 7.0x EBITDA; covenant breaches likely if EBITDA growth falters in 12–18 months.
- EU Digital Markets Act forces AutoScout24 to share 2.4 million listings with competitors by 2027.
- Trader integration failures from cultural clashes erode synergies and dealer retention within 6–12 months.
What makes AutoScout24 unique
- Pan-European marketplace with 30 million monthly users across 19 countries post-Trader acquisition.
- Integrated dealer software and lender solutions from Trader expand beyond classifieds into B2B services.
- Bot Factory AI framework standardizes agent development for operational efficiency across organization.
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Funding
Total Funding
$3.5B
Above
Industry Average
Funded Over
2 Rounds
Benefits
Remote Work Options
Hybrid Work Options
Flexible Work Hours
Paid Vacation
Un Paid?
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↓ -1%2 year growth
↑ 3%imove's car subscription service running on INVERS technology proves that sharing assets and technology is vital to sustainable mobility.
Fitch Ratings reports that Speedster Bidco GmbH (AutoScout24; AS24) has added a €250 million fully fungible add-on to its first-lien senior secured debt, raising leverage above the 7.0x EBITDA threshold. Despite this, the Issuer Default Rating and ‘B+' senior secured debt rating remain unchanged, as leverage is expected to return to acceptable levels by 2027. The funds will repay the revolving credit facility used to acquire AutoTrack and Gaspedaal in the Netherlands.
Germany-based auto marketplace AutoScout24 has completed its acquisition of Canada-based Trader Corporation from private equity firm Thoma Bravo.
Price was not disclosed, but deal to acquire Trader Corporation is expected to close in Q4 2024
AutoScout24 to acquire autotrader.ca as part of Trader corp. deal.
AutoScout24 is Hiring for 28 Jobs on Simplify!
Find jobs on Simplify and start your career today
About AutoScout24
Industries
Automotive & Transportation
Consumer Software
Enterprise Software
Company Size
501-1,000
Company Stage
Debt Financing
Total Funding
$3.5B
Headquarters
Munich, Germany
Founded
1998
AutoScout24 is Hiring for 28 Jobs on Simplify!
Find jobs on Simplify and start your career today