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Mar 31, 2024
AutoNation Q1 2024 Earnings Report
AutoNation's Q1 2024 performance reflected the strength of its business model with revenue growth, driven by new vehicle sales and after-sales services, but experienced a decrease in profitability compared to the previous year.
Key Takeaways
AutoNation reported Q1 2024 revenue of $6.5 billion, a 1% increase compared to the previous year, with EPS of $4.49. The revenue growth was driven by a 7% increase in New Vehicle unit volume and an 8% increase in After-Sales revenue. However, the company experienced a decrease in gross profit and operating income, leading to a 26% decrease in EPS compared to Q1 2023.
Revenue increased by 1% to $6.5 billion, driven by growth in New Vehicle and After-Sales segments.
After-Sales gross profit reached a record $556 million, a 9% increase year-over-year.
EPS decreased to $4.49, compared to $6.07 in the same quarter last year.
Board authorized the repurchase of up to an additional $1.0 billion of common stock.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
AutoNation did not provide specific forward guidance in its Q1 2024 earnings report. The earnings call and investor presentation may contain additional information regarding the company's outlook.
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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