Core Insights - AutoNation (AN) is expected to report quarterly earnings of $4.26 per share, reflecting a decline of 15.1% year-over-year, with revenues projected at $6.64 billion, down 1.8% from the previous year [1] Earnings Estimates and Revisions - Over the last 30 days, the consensus EPS estimate has been revised upward by 1.5%, indicating analysts' reassessment of their initial forecasts [2] - Changes in earnings estimates are crucial for predicting investor reactions, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock performance [3] Revenue Projections - Analysts project 'Revenue- Other' to reach $7.38 million, a 20.9% increase year-over-year [5] - 'Revenue- New Vehicle' is estimated at $3.29 billion, indicating a decrease of 2.2% from the prior year [5] - 'Revenue- Used Vehicle' is expected to be $1.78 billion, down 6.8% year-over-year [5] - The consensus estimate for 'Revenue- Parts and service' stands at $1.21 billion, reflecting a 5.9% increase from the previous year [6] Unit Sales and Profit Metrics - Total retail unit sales are forecasted to reach 128,985, up from 125,623 in the same quarter last year [6] - 'Revenue per Vehicle retailed - New Vehicle' is expected to be $50,903.06, down from $52,000 year-over-year [6] - 'Revenue per Vehicle retailed - Used Vehicle' is projected at $25,965.63, compared to $27,338 in the same quarter last year [7] - 'Gross profit per vehicle retailed - Finance and insurance' is estimated at $2,678.80, slightly up from $2,674 year-over-year [7] - 'Gross profit per Vehicle retailed - New Vehicle' is expected to be $2,553.97, down from $3,653 year-over-year [9] Market Performance - Over the past month, AutoNation shares have increased by 12.3%, outperforming the Zacks S&P 500 composite, which saw a 2.1% change [10] - AutoNation holds a Zacks Rank 3 (Hold), suggesting its performance will likely align with the overall market in the upcoming period [10]

The market expects AutoNation (AN) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 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 February 11, 2025, might help the stock move higher if these key numbers are ...

Core Insights - AutoNation, Inc. has been recognized on Fortune's 2025 World's Most Admired Companies list, marking the eighth consecutive year of inclusion and the fifth year as the highest-ranked automotive retailer [1][2]. Company Performance - The recognition reflects AutoNation's ability to thrive in a competitive industry while positively impacting its associates, customers, and communities [1][2]. - The selection process involved a survey of 1,500 companies, with 3,380 respondents rating companies based on nine criteria, including management quality and social responsibility [3]. Community Commitment - AutoNation's CEO highlighted the company's commitment to delivering exceptional experiences and making a lasting difference, particularly through the DRV PNK initiative, which has raised over $40 million for cancer research and treatment [4][5].

Shares of AutoNation Inc (NYSE: AN ) have delivered a total return of 27% since my initial Strong Buy recommendation, AutoNation: A Solid Value Stock Buy , was published on November 21, 2023. Comparably, the S&P 500 has deliveredAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for ...

AutoNation Mobile Services Comes to Your Doorstep, Making Pre-Travel Maintenance a BreezeFORT LAUDERDALE, Fla., Nov. 25, 2024 /PRNewswire/ -- This Thanksgiving is gearing up to be one of the busiest on record. With average gas prices near $3 a gallon in several metros across the country, close to 72 million* travelers are expected to hit the road to spend time with loved ones. AutoNation (NYSE: AN) brings peace of mind to you this holiday season, keeping the road ahead safe and smooth with the convenience o ...

FORT LAUDERDALE, Fla., Nov. 12, 2024 /PRNewswire/ -- For more than a decade, AutoNation (NYSE: AN) has donated and raised more than $40M to advance life-saving cancer research and treatment to help create the possibility of a cancer-free world. Through Drive Pink (DRV PNK), AutoNation's largest social impact program, throughout October, the company extended its year-round commitment to supporting cancer-fighting organizations through its 8th Annual DRV PNK Across America campaign. "Each day at AutoNation, ...

Shares of AutoNation, Inc. (AN) fell 3.7% since the company reported third-quarter 2024 results. It reported adjusted earnings of $4.02 per share, which decreased 27% year over year and missed the Zacks Consensus Estimate of $4.48. In the third quarter, revenues amounted to $6.59 billion, which missed the Zacks Consensus Estimate of $6.73 billion and declined from $6.89 billion reported in the third quarter of 2023.Stay up-to-date with the quarterly releases: See Zacks Earnings Calendar.Key TakeawaysIn the ...

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 AutoNationbranded locations* nationwide and conveniently at your preferred location via AutoNation Mobile Service** from November 11th - 16th, 2024. "We owe an incredible debt to the brave men and women ...

Financial Performance - Net income for the three months ended September 30, 2024, was $185.8 million, with diluted earnings per share of $4.61, compared to $243.7 million and $5.54 in the same period of 2023[128]. - Total revenue for the three months ended September 30, 2024, was $6,586.1 million, a decrease of 4.4% compared to $6,892.7 million in the same period of 2023[143]. - Total gross profit for the three months ended September 30, 2024, was $1,182.8 million, down 8.6% from $1,294.6 million in the same period of 2023[143]. - Operating income for the three months ended September 30, 2024, was $350.7 million, a decrease of 16.4% from $419.5 million in 2023[143]. - Total revenue for the first nine months of 2024 was $5,563.3 million, down 9.8% from $6,169.4 million in the same period of 2023[166]. Vehicle Sales and Inventory - For the nine months ended September 30, 2024, new vehicle sales accounted for 47% of total revenue and 16% of total gross profit[124]. - The company experienced a 2% decrease in U.S. industry retail new vehicle unit sales in Q3 2024 compared to Q3 2023[125]. - Retail vehicle unit sales for new vehicles increased by 2.0% to 62,890 units, while used vehicle sales decreased by 9.8% to 64,071 units[149]. - The new vehicle inventory at September 30, 2024, was 46,090 units, up from 27,544 units in 2023[131]. - Inventory days supply for new vehicles increased to 52 days in September 2024 from 31 days in September 2023[145]. Revenue Breakdown - New vehicle revenue decreased by $16.4 million (0.5%) to $3,171.2 million for the three months ended September 30, 2024, compared to $3,187.6 million in 2023[143]. - Retail used vehicle revenue decreased by $283.7 million (14.0%) to $1,741.4 million for the three months ended September 30, 2024, compared to $2,025.1 million in 2023[143]. - Parts and service operations contributed 47% of total gross profit despite comprising only 18% of total revenue[124]. - Parts and service revenue accounted for 17.8% of total revenue for the three months ended September 30, 2024, compared to 16.8% in 2023[146]. - The finance and insurance segment reported a net revenue of $328.7 million, down 9.9% from $364.8 million in the previous year[149]. Profit Margins - New vehicle gross profit margin decreased to 5.6% for the three months ended September 30, 2024, compared to 7.9% in 2023[146]. - Used vehicle gross profit margin for retail was 6.1% for the three months ended September 30, 2024, down from 6.3% in 2023[146]. - The gross profit margin for new vehicles decreased to 15.1% from 19.6% in the prior year, indicating a decline in profitability[151]. - Total variable operations gross profit per vehicle retailed decreased by 13.9% to $4,769 for the three months ended September 30, 2024, compared to $5,540 in 2023[143]. Expenses and Financial Position - SG&A expenses decreased to $811.3 million for the three months ended September 30, 2024, from $819.3 million in 2023, a 1.0% decrease[208]. - Floorplan interest expense increased to $60.5 million for the three months ended September 30, 2024, from $38.3 million in 2023, a rise of 57.9%[213]. - The effective income tax rate was 24.9% for the three months ended September 30, 2024, compared to 25.6% for the same period in 2023[218]. - The company reported a total of $3,603.3 million in long-term debt as of September 30, 2024, compared to $3,612 million at December 31, 2023[234]. - As of September 30, 2024, the company had cash and cash equivalents of $60.2 million, down from $60.8 million at December 31, 2023[225]. Strategic Initiatives and Market Conditions - The company is investing significantly in strategic initiatives, including the planned expansion of AutoNation USA stores and AutoNation Finance business[249]. - The automotive retail industry is sensitive to changing economic conditions, including unemployment levels and consumer confidence, which could impact vehicle sales levels[248]. - The CDK outage negatively impacted vehicle sales, inventory, and customer relationship management functions, affecting both domestic and import revenues[195]. - The CDK cyber incident negatively impacted earnings per share by approximately $0.21 for the quarter ended September 30, 2024[130]. - The company did not acquire any stores during the nine months ended September 30, 2024, but divested seven Domestic stores and one Import store during the same period[231].

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, an ...