earnings
confidence high
sentiment negative
materiality 0.75
AutoNation Q1 EPS $4.49 vs $6.07 YoY; net income down 34%; board authorizes $1B buyback
AUTONATION, INC.
2024-Q1 EPS reported
$4.49
revenue$6,485,700,000
- Q1 EPS $4.49 vs $6.07 a year ago; net income $190.1M, down 34% YoY.
- Revenue $6.5B, up 1% YoY; new vehicle unit sales +7% to 58,863; after-sales gross profit record $556M, +9%.
- Operating income $340.3M, down 23% YoY; adjusted operating income $347.6M, down 22%.
- Year-to-date through April 24 repurchased 1.6M shares; board authorized additional $1B stock buyback.