Mercedes-Benz Group stock gains as buyback continues

Published on 10/05/2026 at 21:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Mercedes-Benz Group stock stood at EUR 40.20 on October 5, 2026, up 1.20 percent on Xetra. Q2 group EBIT reached EUR 1.5 billion, up 22 percent year over year.

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Mercedes-Benz Group stock (ISIN DE0007100000) was last at EUR 40.20 on Xetra on October 5, 2026 at 5:35 p.m. CEST, up 1.20 percent from the prior close. The immediate company signal was a share buyback update: Deutsche Boerse reported on October 5, 2026 that Mercedes-Benz bought back 875,000 shares from September 28 through October 2.

Buyback reaches 3,851,805 shares

The latest transaction lifted the cumulative buyback volume since September 1 to 3,851,805 shares, according to Deutsche Boerse. The five-day disclosure covered purchases at weighted average prices from EUR 40.0162 to EUR 41.5813 on Xetra, giving the capital return program a concrete market footprint.

The Q2 financial picture is more mixed. In the Q2 2026 earnings call, Mercedes-Benz reported group revenue of EUR 32 billion and booked EBIT of EUR 1.5 billion, which was 22 percent above the prior-year quarter, according to Yahoo Finance. Cars adjusted EBIT was EUR 900 million, with an adjusted return on sales of 4 percent inside the full-year guidance range of 3 percent to 5 percent.

China keeps margins under pressure

Management retained the 3 percent to 5 percent adjusted Cars return-on-sales outlook for 2026 but expected the full year in the lower half of that range. The company also lowered its sales outlook to slightly below 2025 levels while raising its full-year xEV share guidance to 23 percent to 25 percent, as reported in the Q2 call by Yahoo Finance.

The main counterweight is China. Management said total first-half sales declined 7 percent including China, while sales outside China increased 2 percent. The 4 percent Cars margin therefore matters more than the headline EBIT increase because it shows how much profitability depends on the product rollout and cost measures.

Analysts see 40.1 percent upside

The analyst consensus listed by MarketScreener was Outperform from 23 analysts, with an average target of EUR 56.34. Against the EUR 40.20 Xetra price on October 5, 2026, that target lies 40.1 percent above the price, while the published range extended from EUR 36.00 to EUR 73.80.

Citi added a more cautious counterpoint on October 5, 2026, cutting its target to EUR 42 from EUR 51 and projecting a full-year 2026 Cars EBIT margin below 3.0 percent, according to Investing.com. That view puts the 4 percent Q2 Cars margin and the lower-half annual outlook at the center of the valuation debate.

Mercedes stock trades at EUR 40.20

Mercedes-Benz Group stock was last at EUR 40.20 on Xetra on October 5, 2026 at 5:35 p.m. CEST. The session range was EUR 39.41 to EUR 40.53, the 52-week range was EUR 39.41 to EUR 62.34, market capitalization was EUR 38.5 billion, and volume reached 2,090,337 shares.