AutoNation (AN) reported $7.21 billion in revenue for the quarter ended December 2024, representing a year-over-year increase of 6.6%. EPS of $4.97 for the same period compares to $5.02 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $6.64 billion, representing a surprise of +8.56%. The company delivered an EPS surprise of +16.67%, with the consensus EPS estimate being $4.26.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Stre ...

AutoNation (AN) came out with quarterly earnings of $4.97 per share, beating the Zacks Consensus Estimate of $4.26 per share. This compares to earnings of $5.02 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 16.67%. A quarter ago, it was expected that this auto retailer would post earnings of $4.48 per share when it actually produced earnings of $4.02, delivering a surprise of -10.27%.Over the last four quarters, the company ...

Fourth Quarter 2024 Earnings Release February 11, 2025 1 Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Words such as "anticipates," "expects," "estimates," "intends," "goals," "targets," "projects," "plans," "believes," ...

Financial Performance - Fourth quarter 2024 revenue reached $7.2 billion, an 8% increase year-over-year on a same-store basis[2] - EPS for Q4 2024 was $4.64, with adjusted EPS at $4.97, reflecting a decrease of 8% from the previous year[5] - Full year 2024 revenue totaled $26.8 billion, a slight decrease of 1% compared to 2023[10] - The company reported a net income of $692.2 million for the full year 2024, a 32% decrease from the previous year[10] - Total revenue for Q4 2024 reached $7,213.2 million, a 6.6% increase from $6,767.4 million in Q4 2023[27] - Net income for the twelve months ended December 31, 2024, was $692.2 million, down 32.2% from $1,021.1 million in 2023[27] - Diluted earnings per share for continuing operations decreased to $16.92 in 2024 from $22.72 in 2023, reflecting a 25.5% decline[27] - Adjusted net income for 2024 was $714.0 million, down from $1,032.8 million in 2023, representing a decrease of about 31%[41] - The adjusted diluted earnings per share for 2024 was $17.46, down from $23.00 in 2023[39] Vehicle Sales and Revenue - New vehicle same-store retail unit sales grew by 12% in Q4 2024, contributing to a 13% increase in new vehicle revenue to $3.8 billion[9] - New vehicle revenue increased to $3,775.2 million in Q4 2024, up 12.1% from $3,366.9 million in Q4 2023[27] - Retail vehicle unit sales increased by 6,364 units, totaling 136,263 units sold in Q4 2024, a growth of 4.9%[29] - Retail new vehicle unit sales increased by 10.3% to 71,434 units in Q4 2024, compared to 64,748 units in Q4 2023[32] - Retail used vehicle revenue decreased by $23.0 million, representing a decline of 1.3% compared to the previous year[29] - The company reported a decrease in retail used vehicle unit sales by 0.5% to 64,829 units in Q4 2024 compared to 65,151 units in Q4 2023[32] - Used vehicle retail unit sales slightly decreased by 0.8% to 63,330 units from 63,831 units year-over-year[43] Profitability and Expenses - Same-store gross profit for the full year 2024 decreased by 7% to $4.7 billion, with new vehicle gross profit down by 27%[14] - Gross profit for the twelve months ended December 31, 2024, was $4,785.4 million, a decrease of 6.7% compared to $5,131.5 million in 2023[27] - Total gross profit increased to $1,241.6 million, a rise of $26.4 million or 2.2% from Q4 2023[29] - New vehicle gross profit declined by 9.6% to $212.2 million from $234.7 million year-over-year[43] - Selling, general, and administrative expenses increased to $3,263.9 million in 2024, slightly up from $3,253.2 million in 2023[27] - SG&A expenses for Q4 2024 were $833.7 million, representing 67.1% of gross profit, compared to $808.3 million and 66.5% in Q4 2023[37] - SG&A expenses as a percentage of gross profit increased to 68.2% in 2024 from 63.4% in 2023[39] Financing and Liquidity - AutoNation Finance originated $1.1 billion in loans during 2024, enhancing its loan portfolio[6] - As of December 31, 2024, AutoNation had $1.3 billion in liquidity, with a leverage ratio of 2.4X[18] - The leverage ratio stood at 2.45x, well below the covenant limit of 3.75x, while the interest coverage ratio was 4.24x, exceeding the covenant requirement of 3.00x[35] - Non-recourse debt increased significantly to $826.0 million in 2024 from $258.4 million in 2023[35] - The company experienced an increase in auto loans receivable, net, amounting to $877.1 million in 2024, compared to $229.9 million in 2023[41] Future Outlook and Strategic Initiatives - The company anticipates continued focus on strategic acquisitions and digital capabilities to enhance market share and profitability[25] - Future performance expectations include navigating economic uncertainties such as inflation and consumer demand fluctuations[25] - The company plans to maintain expense controls and improve gross profit margins amid competitive pressures in the automotive retail industry[25]

Q4 2024 revenue up 8% on a same store basis; EPS $4.64 and adjusted EPS $4.97 New Vehicle same-store unit sales growth of 12% in Q4, with sequential unit profitability growth Used Vehicle same-store gross profit growth of 14% in Q4 After-Sales and CFS same-store gross profit growth of 5% and 6%, respectively in Q4 AN Finance originated $1.1 billion of loans during 2024 Share repurchases of $460 million in 2024 representing a 7% share reduction Continued strong balance sheet, leverage reduced sequentially t ...

Core Insights - AutoNation (AN) is expected to report quarterly earnings of $4.26 per share, reflecting a decline of 15.1% year-over-year, with revenues projected at $6.64 billion, down 1.8% from the previous year [1] Earnings Estimates and Revisions - Over the last 30 days, the consensus EPS estimate has been revised upward by 1.5%, indicating analysts' reassessment of their initial forecasts [2] - Changes in earnings estimates are crucial for predicting investor reactions, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock performance [3] Revenue Projections - Analysts project 'Revenue- Other' to reach $7.38 million, a 20.9% increase year-over-year [5] - 'Revenue- New Vehicle' is estimated at $3.29 billion, indicating a decrease of 2.2% from the prior year [5] - 'Revenue- Used Vehicle' is expected to be $1.78 billion, down 6.8% year-over-year [5] - The consensus estimate for 'Revenue- Parts and service' stands at $1.21 billion, reflecting a 5.9% increase from the previous year [6] Unit Sales and Profit Metrics - Total retail unit sales are forecasted to reach 128,985, up from 125,623 in the same quarter last year [6] - 'Revenue per Vehicle retailed - New Vehicle' is expected to be $50,903.06, down from $52,000 year-over-year [6] - 'Revenue per Vehicle retailed - Used Vehicle' is projected at $25,965.63, compared to $27,338 in the same quarter last year [7] - 'Gross profit per vehicle retailed - Finance and insurance' is estimated at $2,678.80, slightly up from $2,674 year-over-year [7] - 'Gross profit per Vehicle retailed - New Vehicle' is expected to be $2,553.97, down from $3,653 year-over-year [9] Market Performance - Over the past month, AutoNation shares have increased by 12.3%, outperforming the Zacks S&P 500 composite, which saw a 2.1% change [10] - AutoNation holds a Zacks Rank 3 (Hold), suggesting its performance will likely align with the overall market in the upcoming period [10]

The market expects AutoNation (AN) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 11, 2025, might help the stock move higher if these key numbers are ...

Core Insights - AutoNation, Inc. has been recognized on Fortune's 2025 World's Most Admired Companies list, marking the eighth consecutive year of inclusion and the fifth year as the highest-ranked automotive retailer [1][2]. Company Performance - The recognition reflects AutoNation's ability to thrive in a competitive industry while positively impacting its associates, customers, and communities [1][2]. - The selection process involved a survey of 1,500 companies, with 3,380 respondents rating companies based on nine criteria, including management quality and social responsibility [3]. Community Commitment - AutoNation's CEO highlighted the company's commitment to delivering exceptional experiences and making a lasting difference, particularly through the DRV PNK initiative, which has raised over $40 million for cancer research and treatment [4][5].

Shares of AutoNation Inc (NYSE: AN ) have delivered a total return of 27% since my initial Strong Buy recommendation, AutoNation: A Solid Value Stock Buy , was published on November 21, 2023. Comparably, the S&P 500 has deliveredAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for ...

AutoNation Mobile Services Comes to Your Doorstep, Making Pre-Travel Maintenance a BreezeFORT LAUDERDALE, Fla., Nov. 25, 2024 /PRNewswire/ -- This Thanksgiving is gearing up to be one of the busiest on record. With average gas prices near $3 a gallon in several metros across the country, close to 72 million* travelers are expected to hit the road to spend time with loved ones. AutoNation (NYSE: AN) brings peace of mind to you this holiday season, keeping the road ahead safe and smooth with the convenience o ...