AutoNation Q2 2023 Earnings Report
Key Takeaways
AutoNation's Q2 2023 revenue remained flat at $6.9 billion compared to the previous year. EPS was $6.02, while adjusted EPS was $6.29, a decrease from $6.48 a year ago. The company saw record after-sales gross profit, repurchased shares, and expanded its dealership network.
EPS was $6.02, and Adjusted EPS was $6.29, compared to $6.48 a year ago.
Revenue remained flat at $6.9 billion compared to the previous year.
After-Sales gross profit increased by 13% year-over-year, reaching a record $543 million.
The company repurchased 1.6 million shares of common stock for $207 million.
AutoNation
AutoNation
AutoNation Revenue by Segment
Forward Guidance
Consumer demand remains strong and AutoNation is meeting this demand through sourcing capabilities, vehicle selection, digital tools, core efficiencies and business expansions.
Positive Outlook
- Expanded franchise dealership network.
- Extended AutoNation USA footprint.
- Increased the penetration of AutoNation Finance.
- Began to integrate RepairSmith into the AutoNation ecosystem.
- Consumer demand for personal vehicle ownership remains strong.
Challenges Ahead
- No specific negatives were mentioned in the provided text.
Revenue & Expenses
Visualization of income flow from segment revenue to net income