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AutoNation posted $7.0 billion in revenue, driven by new vehicle and after-sales growth. GAAP EPS fell due to asset impairments, but adjusted EPS surged, reflecting operational strength. After-sales gross profit hit a record high, and the company completed a $700 million securitization.
Revenue grew 8% year-over-year to $7.0 billion
Adjusted EPS rose to $5.46 despite GAAP EPS decline
Record After-Sales gross profit of $599 million
Completed $700 million AN Finance securitization
Management highlighted strong demand, multiple revenue streams, and robust capital deployment, but noted challenges from impairments and credit provisioning.
Visualization of income flow from segment revenue to net income