earnings
confidence high
sentiment neutral
materiality 0.75
AutoNation Q2 EPS $3.20 (adj. $3.99); CDK outage hit EPS by $1.55
AUTONATION, INC.
2024-Q2 EPS reported
$7.72
revenue$12,966,100,000
- Q2 2024 revenue $6.5B; GAAP EPS $3.20; adjusted EPS $3.99.
- CDK Global cyber outage reduced EPS by an estimated $1.55, including $0.79 one-time costs.
- After-sales gross profit margin improved 60 bps to 48.0% from Q2 2023.
- YTD share repurchases of $350 million; strong free cash flow conversion.
- Operational continuity restored post-CDK outage; unit profitability trends improving.