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Dec 31, 2022
AutoNation Q4 2022 Earnings Report
AutoNation reported record fourth quarter and full year results, with revenue up 2% and adjusted EPS up 11% compared to the same period a year ago.
Key Takeaways
AutoNation reported record fourth quarter revenue of $6.7 billion, a 2% increase compared to the same period a year ago. GAAP EPS was $5.72, and adjusted EPS was $6.37, a fourth quarter record. The company reduced shares outstanding by 25% as it repurchased 15.6 million shares, including 4.6 million during the fourth quarter.
GAAP EPS was $5.72, and adjusted EPS was $6.37, a fourth quarter record.
Revenue was $6.7 billion, a fourth quarter record, and increased 2% compared to the same period a year ago.
After-Sales growth continued with gross profit up 12% to a record.
The Company reduced shares outstanding by 25% as it repurchased 15.6 million shares, including 4.6 million during the fourth quarter.
AutoNation
AutoNation
AutoNation Revenue by Segment
Revenue by Segment
New Vehicle Revenue
CapyFin.comUsed Vehicle Revenue
CapyFin.comParts & Service Revenue
CapyFin.comFinance & Insurance Revenue
CapyFin.com Forward Guidance
AutoNation is focused on expanding its product and service offerings, aligning its core business to serve Customers and Manufacturer partners, and disciplined capital allocation to position AutoNation for long-term sustained profitability.
Positive Outlook
- Operational excellence, including Customer satisfaction, sales efficiency, sales effectiveness, and asset utilization.
- Extended and enhanced brand, scale, and footprint during the year, opening four additional AutoNation USA stores and adding nine franchises acquired from the Moreland Auto Group.
- Improved digital retailing experience with an enhanced digital storefront.
- Expanded service and product offerings to introduce comprehensive transportation solutions to over 11 million AutoNation Customers.
- Continued to utilize its substantial cash flow generation to deploy capital to return funds to shareholders through share repurchases.
Challenges Ahead
- Economic conditions, including changes in unemployment, interest, and/or inflation rates, consumer demand, fuel prices, and tariffs.
- Supply chain disruptions and inventory availability.
- New and used vehicle margins.
- Ability to successfully implement and maintain expense controls.
- The success and financial viability and the incentive and marketing programs of vehicle manufacturers and distributors with which we hold franchises.
Revenue & Expenses
Visualization of income flow from segment revenue to net income