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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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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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.

AutoNation: The Ride Isn't Over Yet

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) Q2 Earnings Expected to Decline

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AutoNation stock presents with exceptional economic characteristics despite trading at

AutoNation: Superb Economics With Minimal Reinvestment Opportunities

AutoNation's (AN) overall financial condition seems to be immune to the recent cyberattack on software provider CDK Global.

AutoNation (AN) Cuts Q2 EPS View: Buy, Hold or Sell the Stock?

AutoNation disclosed on Monday its bottom line for the second quarter will show a negative impact from CDK Global's recent widespread software outage.

AutoNation says CDK outage will hurt its second-quarter bottom line

FORT LAUDERDALE, Fla. , July 15, 2024 /PRNewswire/ -- AutoNation, Inc. (NYSE: AN), today announced that it will release its financial results for the second quarter ended June 30, 2024, on Wednesday, July 31, 2024, before the market opens.

AutoNation Announces Second Quarter 2024 Earnings Conference Call and Audio Webcast Scheduled for Wednesday, July 31, 2024

AutoNation (AN) has cut its quarterly earnings guidance in the wake of a cyberattack on software provider CDK Global last month, the company said Monday in Securities and Exchange Commission (SEC) filing.

AutoNation Slashes Guidance on CDK Global Cyberattack

The impact of the hack on car dealership software firm CDK Global continues to reverberate. AutoNation, one of the largest dealership chains in the country, warned on Monday (July 15) that the cyberattack will impact its second quarter earnings by $1.50 per share.

AutoNation: CDK Hack Will Hurt Earnings

Earnings per share for the car dealer will be about $1.50 lower for the June quarter because of the cyberattack.

AutoNation Stock Is Falling. Earnings Will Take a Hit From the CDK Hack.

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AutoNation, Baxter International And Other Big Stocks Moving Lower In Monday's Pre-Market Session

U.S. auto retailer AutoNation said on Monday it expects a $1.50 per share hit to its second-quarter profit due to the disruptions caused by a cyberattack at retail technology provider CDK in June, a crucial selling period for car dealers.

AutoNation expects hit to Q2 profit from CDK outage

AutoNation Inc. AN said Monday it expects the recent cyberattack at dealership software company CDK Global to shave about $1.50 off its June quarter per-share earnings.

AutoNation issues profit warning for June quarter after CDK cyberattack disrupted operations

FORT LAUDERDALE, Fla. , July 11, 2024 /PRNewswire/ -- AutoNation, Inc. (NYSE: AN), a provider of personalized transportation services and America's most admired automotive retailer, today announced that its Board of Directors appointed Claire Bennett to the AutoNation Board, effective July 8, 2024.

AutoNation Names Claire Bennett to Board of Directors

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FORT LAUDERDALE, Fla. , July 3, 2024 /PRNewswire/ -- As the demand for skilled workers continues to rise, AutoNation, Inc. (NYSE:AN), a provider of personalized transportation services, has announced a new strategic partnership with the U.S. Army through the Partnership for Your Success (PaYS) program to provide soldiers with career pathways in the automotive industry following their military service.

AutoNation and U.S. Army Announce Partnership to Create Job Opportunities for Soldiers Through PaYS Program

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Companies may buy back shares if management views the stock as undervalued. AutoNation has a rich history of buying back shares, and just announced a $1 billion program.

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