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Mar 31, 2022
AutoNation Q1 2022 Earnings Report
AutoNation reported record EPS and revenue driven by used vehicle sales and after-sales performance.
Key Takeaways
AutoNation reported record first quarter EPS with a 14% increase in revenue to $6.8 billion, driven by a 47% increase in used vehicle revenue and an 18% increase in After-Sales revenue. The company repurchased 3.5 million shares of common stock for $381 million during the quarter.
First quarter GAAP EPS increased by 103% compared to the previous year.
Revenue increased by 14% driven by a 47% increase in used vehicle revenue.
Operating income increased by 54% compared to the same period last year.
After-Sales gross profit increased by 19% compared to the previous year.
Revenue by Segment
Forward Guidance
AutoNation plans to expand used vehicle retail business, leveraging existing capabilities and AutoNation USA growth plan. The Company plans to open 12 additional new stores over the next 12 months and target to have over 130 AutoNation USA stores in operation from coast-to-coast by the end of 2026.
Positive Outlook
- Superior used vehicle sourcing
- Broad selection of inventory
- Proven operating model
- Demonstrated digital scale
- Admired brand
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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