Gedik Yat?r?m sets TRY 496.70 target for Tofas Turk Otomobil stock

Published on 10/05/2026 at 01:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Gedik Yat?r?m set a TRY 496.70 target on October 1, 2026. For Tofas Turk Otomobil stock, H1 revenue reached TRY 201.8 billion.

Tofas Turk Otomobil, TRATOASO91H3, Illustration mit AI erstellt.

On October 1, 2026, Rota Borsa reported that Gedik Yat?r?m set a TRY 496.70 target for Tofas Turk Otomobil stock. The report paired the target with an index-parallel return view, making the valuation call more cautious than a direct buy signal.

H1 revenue rises by 60.60 percent

Tofas generated TRY 201.8 billion of revenue in the first half of 2026, up 60.6 percent from the same period a year earlier, while net profit rose 197.2 percent to TRY 6.29 billion, according to Quartr in its H1 2026 earnings summary.

The operating leverage was visible in production. Output reached 77,000 vehicles in the first half, a 30.00 percent year-over-year increase, while shipments rose 65 percent to 192,147 units, Quartr reported in the same H1 2026 summary.

Exports offset softer domestic demand

Management kept full-year production guidance at 145,000-155,000 units and raised the export outlook to 75,000-85,000 units. The H1 2026 earnings call published by Yahoo Finance said export volumes increased 127 percent year over year, reaching slightly below 40,000 units.

The counterweight is domestic demand. Tofas said local light vehicle demand declined 8 percent year over year in the first half, leading management to reduce its full-year domestic demand outlook to 1.1 million-1.2 million units. The company still expects a 3 percent-4 percent profit-before-tax margin for 2026, according to the Yahoo Finance transcript.

October 28 sets the next checkpoint

Quartr lists October 28, 2026 as Tofas' next earnings date. The company also expects K9 shipments to start in October and K0 exports to North America toward the end of 2026, giving the next report two concrete execution markers.

Tofas stock had a market capitalization of TRY 129.6 billion as of October 2, 2026. The shares trade on Borsa Istanbul under ticker TOASO, while the latest operating figures point to a business balancing stronger exports against weaker domestic demand.