Companies frequently employ stock buybacks or share repurchase programs to bolster shareholder value. These initiatives involve firms purchasing their own outstanding shares. This effectively consolidates ownership and reallocates profits among fewer shares, potentially boosting earnings per share and shareholder returns. Such buybacks are often seen as a prudent use of extra cash, especially when a company's stock is undervalued. By resorting to share buybacks, companies signal confidence in their financia ...

AutoNation, Inc. (AN) reported first-quarter 2024 adjusted earnings of $4.49 per share, which decreased 25.7% year over year but topped the Zacks Consensus Estimate of $4.45. This outperformance can be primarily attributed to higher-than-expected gross profit from the sale of new vehicles and wholesale used vehicles. In the reported quarter, revenues amounted to $6.48 billion, falling short of the Zacks Consensus Estimate of $6.49 billion but increasing from $6.39 billion in the first quarter of 2023.Key Ta ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-13107 AUTONATION, INC. (Exact name of registrant as specified in its charter) Delaware 73-1105145 (State or other jurisdiction of ...

AutoNation, Inc. (NYSE:AN) Q1 2024 Earnings Conference Call April 26, 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 Bret Jordan - Jefferies Douglas Dutton - Evercore Colin Langan - Wells Fargo Operator Welcome to the AutoNation First Quarter 2024 Conference Call. My name is Carla, and I will be coordinat ...

AutoNation (AN) reported $6.49 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 1.4%. EPS of $4.49 for the same period compares to $6.05 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $6.5 billion, representing a surprise of -0.15%. The company delivered an EPS surprise of +0.90%, with the consensus EPS estimate being $4.45.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ex ...

First Quarter 2024 Earnings Release April 26, 2024 ...

Exhibit 99.1 Investor Contact: Derek Fiebig (954) 769-2227 fiebigd@autonation.com Media Contact: Lisa Rhodes Ryans (954) 769-4120 publicrelations@autonation.com AutoNation Reports First Quarter 2024 Results • Q1 2024 EPS $4.49, compared to $6.07 a year ago • Q1 2024 Revenue $6.5 billion, compared to $6.4 billion a year ago • Q1 2024 After-Sales gross profit increased 9% from a year ago to a record $556 million • Year-to-date through April 24, 2024, repurchased 1.6 million shares of common stock • Board of D ...

Wall Street analysts expect AutoNation (AN) to post quarterly earnings of $4.45 per share in its upcoming report, which indicates a year-over-year decline of 26.5%. Revenues are expected to be $6.5 billion, up 1.5% from the year-ago quarter.The consensus EPS estimate for the quarter has undergone a downward revision of 0.7% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Prior to a com ...

Investors should still proceed with caution when it comes to this company.Since the start of 2023, shares of Carvana (CVNA 0.29%) have skyrocketed nearly 1,400% (as of April 16). During that same time, the Nasdaq Composite index is up 52%. It would probably take you some time to find a better-performing stock in recent times. Even Nvidia, the best "Magnificent Seven" stock since the start of last year, has climbed only 500%.This puts Carvana in a league of its own. But before you rush to buy this unstoppabl ...

The market expects AutoNation (AN) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on April 26, 2024, might help the stock move higher if these key numbers are bette ...