earnings
confidence high
sentiment positive
materiality 1.00
AutoNation Q2 2021: Record EPS $4.83, Revenue $7.0B, $1B Buyback Authorized
AUTONATION, INC.
2021-Q2 EPS reported
$7.63
revenue$12,882,200,000
- GAAP EPS from continuing ops $4.83 (record), up 52% YoY; no adjustments in Q2 2021.
- Total revenue $7.0B (record); same-store revenue up 54% YoY, up 33% vs Q2 2019.
- SG&A as % of gross profit improved 1,170 bps to 56.5% vs 68.2% adjusted prior year.
- Repurchased 7.5M shares (9% outstanding) for $736M in Q2; YTD $1.2B for 12.9M shares.
- Board authorized an additional $1B common stock repurchase program.