AutoNation 1 Third Quarter 2024 Earnings Release October 25, 2024 Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Words such as "anticipates," "expects," "estimates," "intends," "goals," "targets," "projects," "plans," "b ...

Exhibit 99.1 AutoNation Investor Contact: Derek Fiebig (954) 769-2227 fiebigd@autonation.com Media Contact: Lisa Rhodes Ryans (954) 769-4120 publicrelations@autonation.com AutoNation Reports Third Quarter 2024 Results • 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., (October 25, 2024) — AutoNation, Inc. (NYSE: AN), today r ...

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 originationsFORT 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. Third quarter 2024 results were adversely impacted by the residual effects of the CDK outage in July, which reduced earnings ...

Core Insights - AutoNation (AN) is expected to report quarterly earnings of $4.53 per share, reflecting a year-over-year decline of 18.2% [1] - Anticipated revenues are projected at $6.76 billion, showing a decline of 1.9% compared to the same quarter last year [1] - The consensus EPS estimate has been revised upward by 0.2% in the past 30 days, indicating analysts' reassessment of their initial estimates [1] Revenue Projections - 'Revenue- Other' is expected to reach $6.30 million, indicating a year-over-year increase of 3.3% [2] - 'Revenue- New Vehicle' is projected at $3.16 billion, reflecting a decline of 0.8% year-over-year [2] - 'Revenue- Used Vehicle' is anticipated to be $2.00 billion, showing an 8% decrease from the prior year [2] - 'Revenue- Parts and Service' is expected to reach $1.23 billion, indicating a year-over-year increase of 6.6% [2] Unit Sales and Profitability Metrics - Total retail unit sales are forecasted to be 133,057, down from 134,806 in the same quarter last year [3] - Revenue per vehicle retailed for new vehicles is expected to be $49,865.59, down from $51,174 year-over-year [3] - Revenue per vehicle retailed for used vehicles is projected at $26,718.89, compared to $27,926 in the same quarter last year [3] - Gross profit per vehicle retailed for finance and insurance is expected to be $2,722.11, down from $2,741 year-over-year [3] - Unit sales for used vehicles retail are projected at 70,008, down from 72,517 in the same quarter last year [3] Additional Metrics - The consensus estimate for new vehicle retail unit sales stands at 63,049, slightly up from 62,289 in the same quarter last year [4] - Gross profit per vehicle retailed for used vehicles is expected to be $1,582.39, down from $1,746 year-over-year [4] - Gross profit per vehicle retailed for new vehicles is projected at $2,781.01, down from $4,025 in the previous year [4] Market Performance - AutoNation shares have returned -7.3% over the past month, contrasting with the Zacks S&P 500 composite's +2.8% change [4] - The company holds a Zacks Rank 4 (Sell), indicating expectations of underperformance relative to the overall market in the near future [4]

AutoNation (AN) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on October 25, 2024, might help the stock move higher if these key numbers are better than e ...

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 management will discuss these results and other information regarding the Company during a conference call and audio webcast that same day at 9:00 a.m. Eastern Time.The conference call may be accessed by telephone at 833-470-1428 (Conference ID: 356177) or on ...

Shares of AutoNation, Inc. (AN) fell 7.4% since the company reported second-quarter 2024 results. It reported adjusted earnings of $3.99 per share, which decreased 37% year over year and missed the Zacks Consensus Estimate of $4.31. In the second quarter, revenues amounted to $6.48 billion, which missed the Zacks Consensus Estimate of $6.76 billion and declined from $6.89 billion reported in the second quarter of 2023.Key TakeawaysIn the reported quarter, new vehicle revenues were down 4.8% year over year t ...

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. Markets figured that the promise of interest rate cuts from the Federal Reserve (the Fed) was insufficient to justify higher stock prices amid declining fundamentals.AutoNation TodayANAutoNation$183.98 -6.74 (-3.53%) 52-Week Range$123.81▼$197.18P/E Ratio8.72Price ...

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 June 30, 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 ...

Financial Data and Key Metrics Changes - Total revenue for Q2 2024 was $6.48 billion, nearly identical to Q1 despite the CDK outage, but decreased 6% year-over-year due to normalization in vehicle selling prices [16][19] - Gross profit was $1.2 billion, representing 18% of revenue, and decreased 3% sequentially, reflecting productivity drag from the outage [17] - Adjusted net income was $163 million, down from $285 million a year ago, with adjusted EPS at $3.99 for the quarter [19] Business Line Data and Key Metrics Changes - New vehicle sales were down 2% for the quarter, with margins stabilizing at $3,108, a decline of $220 during the period [10][20] - Used vehicle sales decreased by 8% year-over-year on a same-store basis, with average selling prices moderating by 5% [22][23] - Customer Financial Services (CFS) saw a 10% drop in products sold per unit, but AN Finance originated over $240 million in loans, almost four times higher than the same quarter in 2023 [12][25] Market Data and Key Metrics Changes - New vehicle inventory levels were at 47,000 units at the end of June, representing 67 days of sales, up from 44 days at the end of Q1 [21] - Used vehicle inventory levels were at 30,000 units at the end of June, down 15% from a year ago, representing 34 days of sales [23] - The demand for lower-priced used vehicles remained strong, with total unit sales of vehicles priced under $20,000 increasing by 4% from a year ago [22] Company Strategy and Development Direction - The company aims to regain market share in the second half of the year, focusing on improving used vehicle sales and inventory turnover [15][31] - There is a commitment to enhancing the CFS model, which is expected to create long-term value despite short-term impacts on profitability [12][25] - The company plans to continue its capital allocation strategy, balancing share repurchases and potential acquisitions as market conditions normalize [29][38] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about vehicle demand and supply dynamics, expecting to recover any lost market share [30] - The operational impact of the CDK outage is now behind the company, and there is a focus on rebuilding momentum lost during the outage [71] - There are concerns about consumer affordability due to high vehicle prices and interest rates, but management believes there is still pent-up demand for new vehicles [68] Other Important Information - The company manually processed close to 60,000 repair orders during the CDK outage, which significantly slowed operations [9] - The technician workforce increased by 3% from a year ago, highlighting efforts to improve service effectiveness and retention [13] Q&A Session Summary Question: Reaction to $43 million paid during CDK disruption - Management noted significant gratitude and recognition from employees for the support provided during the outage [34][35] Question: Capital allocation strategy moving forward - Management emphasized a consistent approach to capital allocation focused on shareholder returns, with potential shifts based on market conditions [37][39] Question: Breakdown of parts and services growth - The 9% same-store growth in parts and services was attributed to increased service effectiveness and a focus on customer communication [42][43] Question: Long-term IT strategy post-CDK outage - Management is considering investments in redundancy and cybersecurity to mitigate future risks and improve operational continuity [46][49] Question: SG&A normalization expectations - Management expects SG&A percentages to remain elevated temporarily but anticipates improvements as productivity returns [54][56] Question: Outlook on PVRs and market dynamics - Management discussed ongoing internal discussions about PVRs, indicating moderation but not at the previously anticipated pace [58][62] Question: Stability in used vehicle profits and AutoNation USA growth - Management plans to pace the opening of new AutoNation USA stores, focusing on operational capacity and inventory sourcing [64][66] Question: Consumer affordability and auto credit concerns - Management acknowledged affordability challenges for consumers but noted manageable delinquency rates and a potential increase in leasing options [68][70]