earnings
confidence high
sentiment positive
materiality 0.85
AutoNation reports record Q3 EPS $6.31, up 23% YoY; authorizes $1B buyback, acquires 4 dealerships
AUTONATION, INC.
2022-Q3 EPS reported
$18.52
revenue$20,288,000,000
- GAAP EPS of $6.31 (record Q3), adjusted EPS of $6.00, up 23% and 17% YoY respectively.
- Revenue $6.7B (+4%), operating income $523M (+4%), After-Sales gross profit $479M (+13%).
- Repurchased 3.8M shares for $428M in Q3; board authorized additional $1B share repurchase.
- Agreed to acquire 4 dealerships (9 franchises) from Moreland Auto Group with ~$320M annual revenue.