AutoNation

AutoNation, Inc. engages in the provision of automotive products and services. It operates through the following segments: Domestic, Import, Premium Luxury, and Corporate & Other. The Domestic segment comprises retail automotive franchises that sell new vehicles manufactured by General Motors, Ford and Stellantis. The Import segment includes retail automotive franchises that sell new vehicles manufactured primarily by Toyota, Honda, Subaru, and Nissan. The Premium Luxury segment consists of retail automotive franchises that sell new vehicles manufactured primarily by Mercedes-Benz, BMW, Audi, Lexus, and Jaguar Land Rover. The franchises in each segment also sell used vehicles, parts and automotive repair and maintenance services, and automotive finance and insurance products. The Corporate & Other segment comprises other businesses, including collision centers, AutoNation USA used vehicle stores, auction operations, and parts distribution centers. The company was founded by Steven Richard Berrard and Harry Wayne Huizenga Sr. in 1991 and is headquartered in Fort Lauderdale, FL.

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AutoNation reports record 2022 results, eyes growth amid challenges

AutoNation's strong performance in 2022 was marked by record results, revenue growth, and strategic acquisitions to expand services and reach.
Challenges such as declining used vehicle sales and new GPU require strategic adjustments to navigate inventory constraints and market dynamics.
Opportunities in the evolving retail landscape and disciplined cost management position AutoNation for continued growth and profitability.

AutoNation achieves record EPS in Q1, eyes sustainable growth

AutoNation's Q1 2023 performance reflects a resilient business model, marked by record EPS and strong cash flow generation. The company's strategic acquisitions and focus on customer financial services position it for sustainable profitable growth. Challenges include inventory shortages and declining PVRs, but opportunities exist in expanding product offerings and enhancing customer relationships.

AutoNation reports steady Q2 results amidst inventory challenges and growth opportunities

AutoNation's Q2 performance was solid, marked by steady revenue, strong After-Sales results, and a focus on operational efficiency. While facing challenges with inventory constraints and margin pressures, the company is strategically positioned to capitalize on growth opportunities through expansion and financial service improvements.

AutoNation reports robust Q3 performance amidst operational challenges and growth opportunities

AutoNation's Q3 2023 performance showcased strength in vehicle sales and after-sales revenue, despite a decline in operating income.
The company's strategic focus on growth, market share retention, and customer service channels positions it well for future opportunities.
Challenges in operating income moderation and high M&A seller expectations require careful navigation for sustained growth.
Investments in technician recruitment and inventory management for lower-priced vehicles demonstrate proactive adaptation to market trends.

AutoNation reports strong Q4 performance, eyes international expansion opportunities

AutoNation's Q4 2023 performance showcased strength in new vehicle sales, Customer Financial Services, and After Sales segments, with a focus on shareholder value enhancement. The company faces challenges in the used vehicle market and margin normalization amidst evolving market dynamics.
Opportunities lie in capitalizing on robust demand for new vehicles, expanding services, and exploring international markets. AutoNation's strategic focus on growth, profitability normalization, and leadership transitions position it well for future expansion and margin improvement.
Balancing challenges in market dynamics and profitability with opportunities for growth and international expansion will be key for AutoNation's future success. The company's commitment to maximizing shareholder value and navigating industry shifts underscores a resilient and forward-thinking approach.

AutoNation reports robust Q1 performance amidst challenges and opportunities

AutoNation's Q1 2024 earnings call highlighted strong financial performance, with growth in vehicle sales and solid operating results.
The company's focus on financial discipline, revenue growth, and strategic investments underscores its commitment to shareholder value.
Challenges from interest rates and margin dynamics were discussed, signaling a need for continued strategic adjustments.
Opportunities in expanding financial services, enhancing customer experience, and optimizing business operations were key themes of the call.

AutoNation Q2 2024 Earnings Impacted by CDK Outage, Sees Growth Opportunities

AutoNation faced challenges in Q2 due to the CDK outage, impacting earnings and sales.
Despite setbacks, the company showed strengths in workforce growth and share repurchases.
Opportunities lie in improving trends in Customer Financial Services and strong used vehicle demand.
Overall, AutoNation's performance in Q2 reflects a mix of challenges and opportunities for growth.

AutoNation reports resilient Q3 performance amidst challenges and growth opportunities

AutoNation's Q3 2024 earnings call highlighted strong market share gains, challenges from the CDK outage, and opportunities for growth through strategic capital allocation and market trends. The company showcased resilience in key areas and remains focused on enhancing financial performance.

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AN's third-quarter earnings and revenues miss the Zacks Consensus Estimate and decline year over year.

AutoNation Stock Falls 3.7% Since Q3 Earnings Miss Estimates

FORT LAUDERDALE, Fla. , Oct. 29, 2024 /PRNewswire/ -- In respect and recognition of their contributions to our nation, this Veteran's Day AutoNation (NYSE: AN) salutes the generations of patriots who selflessly defend our country's values and freedom with an exclusive 20% discount on all services in-store at AutoNation-branded locations* nationwide and conveniently at your preferred location via AutoNation Mobile Service** from November 11 th - 16th, 2024.

AutoNation Salutes Those Who Serve with Exclusive Vehicle Service Discounts for Veteran's Day

AutoNation, Inc. (NYSE:AN ) Q2 2024 Earnings Call Transcript October 25, 2024 9:00 AM ET Company Participants Derek Fiebig - Vice President of Investor Relations Mike Manley - Chief Executive Officer and Director Tom Szlosek - Executive Vice President and Chief Financial Officer Conference Call Participants John Murphy - Bank of America Rajat Gupta - JPMorgan Michael Ward - Freedom Capital Jeff Lick - Stephen Colin Langan - Wells Fargo Douglas Dutton - Evercore ISI Operator Good morning. My name is Harry, and I'll be your conference operator today.

AutoNation, Inc. (AN) Q3 2024 Earnings Call Transcript

U.S. stocks traded higher this morning, with the Nasdaq Composite gaining more than 200 points on Friday.

Nasdaq Surges Over 200 Points; AutoNation Posts Downbeat Earnings

While the top- and bottom-line numbers for AutoNation (AN) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

AutoNation (AN) Reports Q3 Earnings: What Key Metrics Have to Say

AutoNation (AN) came out with quarterly earnings of $4.02 per share, missing the Zacks Consensus Estimate of $4.48 per share. This compares to earnings of $5.54 per share a year ago.

AutoNation (AN) Q3 Earnings and Revenues Lag Estimates

The automotive retailer falls short on quarterly earnings and sales.

AutoNation Earnings Get Punched by CDK Outage. The Stock Is Lower.

AutoNation is still feeling the impact of a recent dealership-software outage.

AutoNation's stock falls 5.6% after earnings fall short of estimates

Q3 2024 EPS $4.61, adjusted EPS $4.02 Strong Same Store New Vehicle unit sales growth of 2% Record After-Sales gross profit of $558 million AN Finance growth continues with $700 million in YTD originations FORT LAUDERDALE, Fla. , Oct. 25, 2024 /PRNewswire/ -- AutoNation, Inc. (NYSE: AN), today reported third quarter 2024 revenue of $6.6 billion, EPS of $4.61, and adjusted EPS of $4.02.

AutoNation Reports Third Quarter 2024 Results

Get a deeper insight into the potential performance of AutoNation (AN) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

What Analyst Projections for Key Metrics Reveal About AutoNation (AN) Q3 Earnings

AutoNation (AN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: AutoNation (AN) Q3 Earnings Expected to Decline

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FSU AND UCF TO HEADLINE THE 2024 AUTONATION ORANGE BOWL BASKETBALL CLASSIC

FORT LAUDERDALE, Fla. , Oct. 7, 2024 /PRNewswire/ -- AutoNation, Inc. (NYSE: AN), today announced that it will release its financial results for the third quarter ended September 30, 2024, on Friday, October 25, 2024, before the market opens.

AutoNation Announces Third Quarter 2024 Earnings Conference Call and Audio Webcast Scheduled for Friday, October 25, 2024

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

This AutoNation Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Thursday

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The Nasdaq 100 closed higher by around 0.3% during Tuesday's session. Investors, meanwhile, focused on some notable insider trades.

Coinbase Global, Hershey And 2 Other Stocks Executives Are Selling

MIAMI--(BUSINESS WIRE)-- #autoindustry--Kerrigan Advisors, the leading sell-side advisory firm and thought partner to auto dealers in the U.S., today announced that Chris Gempton has joined the firm as Senior Vice President, Sell-Side Advisory. Gempton brings nearly two decades of automotive experience, including 13 years at AutoNation (NYSE: AN), where he most recently served as Vice President of Corporate Development. Gempton will open Kerrigan Advisors' Florida office in Midtown Miami to serve Kerrigan Advi.

Kerrigan Advisors Names Chris Gempton as Senior Vice President, Sell-Side Advisory, Opening the Firm's First Florida Office

AutoNation (AN) reports lower-than-expected second-quarter results, wherein earnings decline year over year.

AutoNation (AN) Stock Falls 7.4% Since Q2 Earnings Miss

Investors have grown worried about the current state of the United States economy, especially now that the ISM Manufacturing PMI index has delivered a 21-month contraction. A reading of 46.8% for July makes it the worst reading in nearly two years.

Investors Flock to Auto Retail Stock as It Hits New Highs

AutoNation, Inc. (NYSE:AN ) Q2 2024 Results Conference Call July 31, 2024 9:00 AM ET Company Participants Derek Fiebig - Vice President of Investor Relations Michael Manley - Chief Executive Officer Thomas Szlosek - Chief Financial Officer Conference Call Participants John Murphy - Bank of America Rajat Gupta - JPMorgan Douglas Dutton - Evercore Bret Jordan - Jefferies Danielle Hogan - Morgan Stanley Operator Good morning. Thank you for attending the AutoNation 2Q '24 Earnings Call.

AutoNation, Inc. (AN) Q2 2024 Earnings Call Transcript

While the top- and bottom-line numbers for AutoNation (AN) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Here's What Key Metrics Tell Us About AutoNation (AN) Q2 Earnings

AutoNation (AN) came out with quarterly earnings of $3.99 per share, missing the Zacks Consensus Estimate of $4.31 per share. This compares to earnings of $6.29 per share a year ago.

AutoNation (AN) Misses Q2 Earnings and Revenue Estimates

New and used car retailer AutoNation Inc. AN said Wednesday it had net income of $130.2 million, or $3.20 a share, for the second quarter, down from $272.5 million, or $6.02 a share, in the year-earlier period. Adjusted EPS came to $3.99, below the $4.32 FactSet consensus. Revenue fell 6% to $6.480 billion, also below the $6.717 billion FactSet consensus. Earnings were hurt by the outage of the company's dealership management system following a cyberattack on software provider CDK Global, which created disruption at dealerships across the U.S. The outage shaved an estimated $1.55 off EPS, including 79 cents worth of...

AutoNation's Q2 earnings fall short of targets after dealership disruption caused by CDK Global cyberattack

Q2 2024 EPS $3.20, adjusted EPS $3.99 After-Sales gross profit margin improved by 60 basis points from Q2 2023 (to 48.0%) and improving recent trends in vehicle unit profitability Strong free cash flow conversion Continued focus on capital allocation - YTD share repurchases $350 million Operational continuity now restored post-CDK outage; impacted Q2 2024 EPS by an estimated $1.55 FORT LAUDERDALE, Fla. , July 31, 2024 /PRNewswire/ -- AutoNation, Inc. (NYSE: AN), today reported second quarter 2024 revenue of $6.5 billion, EPS of $3.20, and adjusted EPS of $3.99.

AutoNation Reports Second Quarter 2024 Results

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The auto sector's second-quarter earnings are projected to decline 10.4% year over year. Let's examine how OSK, CVNA, BWA, AN and PAG are positioned ahead of their quarterly releases.

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AutoNation is a major automotive retail company in the US, generating revenue from vehicle sales, parts, services, and finance products. Recent financial results show mixed performance, with revenue holding steady but net income and cash flow declining. Despite challenges, the company is expected to report improved adjusted earnings for the second quarter of 2024, potentially driving additional upside for shareholders.

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