AutoNation (AN) Q4 Earnings Surpass Estimates, Rise Y/Y
Zacks Investment Research | Feb 12, 2020 08:03PM ET
AutoNation Inc. (NYSE:AN) delivered fourth-quarter 2019 adjusted earnings of $1.31 per share, beating the Zacks Consensus Estimate of $1.15. The reported figure was also higher than the year-ago quarter’s $1.10 per share. The upside was mainly aided by increased income across all segments.
During the reported quarter, AutoNation’s revenues amounted to $5,549 million compared with the $5,412 million recorded in the prior-year quarter. However, the top-line figure missed the Zacks Consensus Estimate of $5,571 million.
In the quarter, same-store gross profit increased 5.6% year over year to $895.6 million, driven by growth in all business segments –– new vehicles, used vehicles, customer care and customer financial services. Net income from continuing operations was $157.7 million compared with $92.9 million reported in fourth-quarter 2018.
During the reported quarter, new-vehicle revenues declined 1.3% year over year to $3.02 billion. Used-vehicle revenues rose 10.9% to $1.34 billion from the year-ago quarter’s figure. Revenues in the parts and service business gained 2.7% to $891.3 million from that reported in fourth-quarter 2018. Net revenues in the finance and insurance business amounted to $265.4 million, up 8.1% from the prior-year quarter.
AutoNation, Inc. Price, Consensus and EPS Surprise
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