Shares of online used-car retailer Aramis fell after reporting a revenue dip in Q1. The decline was largely due to a slowdown in refurbished vehicle sales, which dropped 11%. Overall, Q1 revenues reached €550 million, a 4.8% decrease year-over-year. Investors reacted negatively, with the stock price falling over 4% in early trading.

The drop in revenues reflects weaker market conditions, particularly in the U.K. and Austria, where Aramis is undergoing strategic transitions. While France showed strong performance, the U.K. saw a 23% revenue slide as the company prioritized profitability. The pre-registered segment did see gains, but this wasn't enough to offset the decline in the refurbished sector.

Despite the softer top-line performance, Aramis reiterated its full-year outlook. The company is still anticipating over 115,000 B2C units and more than €55 million in adjusted EBITDA for 2026. This suggests that the company is confident in its long-term strategy, despite the current headwinds.

Investors will be watching Aramis's next quarterly report to see if the company's strategic moves in the U.K. and Austria begin to translate into improved sales figures. The performance of the pre-registered segment will also be key to the company's overall revenue growth and profitability moving forward.