AutoNation(AN) - 2022 Q3 - Earnings Call Presentation

Financial Performance - AutoNation's Q3 2022 GAAP EPS reached $6.31, a 23% year-over-year increase[6] - Adjusted EPS increased by 17% year-over-year to $6.00, driven by operational effectiveness and capital allocation[6] - Record third-quarter gross profit of $1.3 billion was achieved[7] - Cash flow from operations was $548 million during the quarter and $1.4 billion year-to-date[9] Strategic Initiatives and Acquisitions - AutoNation agreed to acquire Moreland Auto Group dealerships, representing nine franchises at four dealerships in Colorado, with approximately $320 million in annual revenue[3] - The acquisition of CIG Financial was completed, creating AutoNation Finance to extend customer relationships[4] - The company repurchased 3.8 million shares for $428 million during the quarter and 10.9 million shares year-to-date for $1.2 billion[3] Operational Highlights - Over 27,900 vehicles were purchased directly from customers through the "Will Buy Your Car" program, with over 90% of used vehicles self-sourced during the quarter[5] - AutoNation was ranked 1 among public dealers by Reputation with a score of 779 as of September 2022[5] - After-Sales gross profit increased by 13% year-over-year, reflecting continued momentum in consumer demand and repair content[8] - CFS PVR increased 7% year-over-year due to increased product penetration and margin improvement[9]