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Dec 31, 2021
AutoNation Q4 2021 Earnings Report
AutoNation reported record quarterly EPS and revenue driven by strong used vehicle sales and gross profit per vehicle.
Key Takeaways
AutoNation reported record fourth-quarter results, with EPS of $5.87, up 239% year-over-year, and adjusted EPS of $5.76, up 137% year-over-year. Revenue for the quarter was $6.6 billion, an increase of 14% driven by a 55% increase in used vehicle revenue.
Record fourth quarter GAAP EPS of $5.87, up 239% year-over-year.
Adjusted EPS was $5.76, an increase of 137% year-over-year.
Revenue was $6.6 billion, an increase of 14% year-over-year.
Used vehicle revenue increased 55% year-over-year.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
AutoNation expects consumer demand for personal vehicle ownership to remain strong for the foreseeable future and is accelerating its self-sustaining used vehicle business to meet this demand.
Positive Outlook
- Consumer demand for personal vehicle ownership expected to remain strong.
- Accelerating self-sustaining used vehicle business.
- Expanding used vehicle retail business.
- Leveraging existing capabilities and AutoNation USA growth plan.
- Differentiating the Company in the used vehicle market.
Challenges Ahead
- Supply chain disruptions and inventory availability.
- Economic conditions, including changes in unemployment, interest, and/or inflation rates.
- New and used vehicle margins.
- Response by federal, state, and local governments and other parties to, and the economic impacts of, the COVID-19 pandemic.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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