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Sep 30, 2024
AutoNation Q3 2024 Earnings Report
AutoNation reported solid operating results for Q3 2024, driven by new vehicle unit sales growth and after-sales momentum, despite challenges from the CDK outage and OEM stop-sale orders.
Key Takeaways
AutoNation reported Q3 2024 revenue of $6.6 billion, EPS of $4.61, and adjusted EPS of $4.02. Results were impacted by the CDK outage, which reduced EPS by an estimated $0.21. The company saw strong new vehicle unit sales growth and continued after-sales momentum.
Q3 2024 EPS was $4.61, with an adjusted EPS of $4.02.
Same store new vehicle unit sales increased by 2%.
After-Sales gross profit reached a record $558 million.
AN Finance originations totaled $700 million year-to-date.
AutoNation
AutoNation
AutoNation Revenue by Segment
AutoNation Revenue by Geographic Location
Revenue by Segment
New Vehicle Revenue
CapyFin.comUsed Vehicle Revenue
CapyFin.comParts & Service Revenue
CapyFin.comFinance & Insurance Revenue
CapyFin.comOther Revenue
CapyFin.comRevenue by Geographic Location
Domestic Revenue
CapyFin.comImport Revenue
CapyFin.comPremium Luxury Revenue
CapyFin.com Forward Guidance
AutoNation remains focused on shareholder returns and is encouraged by moderating interest rates and OEM support actions. The company is committed to delivering a strong close to the year.
Positive Outlook
- Focus on shareholder returns.
- Encouraged by moderating interest rates.
- OEM support actions are a positive factor.
- Committed to delivering a strong close to the year.
- Disciplined cost controls
Challenges Ahead
- Lingering effects of the CDK outage.
- Weather challenges.
- OEM stop-sale orders.
- Lower average selling prices of vehicles.
- Used vehicle unit sales decrease.
Revenue & Expenses
Visualization of income flow from segment revenue to net income