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Jun 30, 2024
AutoNation Q2 2024 Earnings Report
AutoNation's Q2 2024 performance was impacted by a cyber incident, but underlying trends in After-Sales and vehicle margins showed encouragement.
Key Takeaways
AutoNation reported Q2 2024 revenue of $6.5 billion, with EPS at $3.20 and adjusted EPS at $3.99. The company's results were significantly impacted by a cyber incident at CDK Global, which reduced EPS by an estimated $1.55, including $0.79 of one-time costs. Despite the outage, margin performance in After-Sales and vehicle margins were encouraging.
Q2 2024 EPS was $3.20, with adjusted EPS at $3.99.
After-Sales gross profit margin improved by 60 basis points from Q2 2023, reaching 48.0%.
Vehicle unit profitability showed improving trends.
Operational continuity has been restored following the CDK outage, which impacted Q2 2024 EPS by an estimated $1.55.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
AutoNation looks forward to delivering a strong second half.
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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