earnings
confidence high
sentiment neutral
materiality 0.70
AutoNation reports record Q1 EPS of $6.07, revenue $6.4B, down 5% YoY
AUTONATION, INC.
2023-Q1 EPS reported
$6.07
revenue$6,398,700,000
- Record diluted EPS $6.07, up 5% YoY; net income $288.7M, down 20%.
- Revenue $6.4B, down 5% YoY; new vehicle revenue +4%, used vehicle revenue -21%.
- After-sales gross profit record $511M (+11%); used vehicle gross profit $154M (+13%).
- SG&A 60.8% of gross profit; repurchased 2.4M shares for $305M in Q1.
- Segment income: Domestic $119M, Import $160M, Premium Luxury $227M, all down YoY.