For the quarter ended September 2023, AutoNation (AN - Free Report) reported revenue of $6.89 billion, up 3.4% over the same period last year. EPS came in at $5.54, compared to $6.00 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $6.69 billion, representing a surprise of +2.95%. The company delivered an EPS surprise of +2.21%, with the consensus EPS estimate being $5.42.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how AutoNation performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Unit sales - Total - Retail: 134,806 versus 131,038 estimated by four analysts on average.
- Revenue per Vehicle retailed - New Vehicle: $51,174 versus $51,629.13 estimated by four analysts on average.
- Revenue per Vehicle retailed - Used Vehicle: $27,926 versus the four-analyst average estimate of $27,756.60.
- Unit sales - Used Vehicle - Retail: 72,517 compared to the 70,569 average estimate based on four analysts.
- Unit sales - New Vehicle-Retail: 62,289 versus 60,469 estimated by four analysts on average.
- Revenue- Other: $6.10 million compared to the $7.62 million average estimate based on five analysts. The reported number represents a change of -19.7% year over year.
- Revenue- New Vehicle: $3.19 billion versus $3.07 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +11.3% change.
- Revenue- Used Vehicle: $2.17 billion versus $2.08 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -9.6% change.
- Revenue- Parts and service: $1.16 billion versus $1.11 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +12.1% change.
- Revenue- Finance and insurance net: $369.50 million versus the five-analyst average estimate of $362.59 million. The reported number represents a year-over-year change of +2.4%.
- Revenue- Used Vehicle- Retail: $2.03 billion versus $1.88 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -10.1% change.
- Revenue- Used Vehicle- Wholesale: $147 million versus $151.96 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -1.1% change.
View all Key Company Metrics for AutoNation here>>>Shares of AutoNation have returned -14.5% over the past month versus the Zacks S&P 500 composite's -2.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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For the quarter ended September 2023, AutoNation (AN - Free Report) reported revenue of $6.89 billion, up 3.4% over the same period last year. EPS came in at $5.54, compared to $6.00 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $6.69 billion, representing a surprise of +2.95%. The company delivered an EPS surprise of +2.21%, with the consensus EPS estimate being $5.42.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how AutoNation performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Unit sales - Total - Retail: 134,806 versus 131,038 estimated by four analysts on average.
- Revenue per Vehicle retailed - New Vehicle: $51,174 versus $51,629.13 estimated by four analysts on average.
- Revenue per Vehicle retailed - Used Vehicle: $27,926 versus the four-analyst average estimate of $27,756.60.
- Unit sales - Used Vehicle - Retail: 72,517 compared to the 70,569 average estimate based on four analysts.
- Unit sales - New Vehicle-Retail: 62,289 versus 60,469 estimated by four analysts on average.
- Revenue- Other: $6.10 million compared to the $7.62 million average estimate based on five analysts. The reported number represents a change of -19.7% year over year.
- Revenue- New Vehicle: $3.19 billion versus $3.07 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +11.3% change.
- Revenue- Used Vehicle: $2.17 billion versus $2.08 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -9.6% change.
- Revenue- Parts and service: $1.16 billion versus $1.11 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +12.1% change.
- Revenue- Finance and insurance net: $369.50 million versus the five-analyst average estimate of $362.59 million. The reported number represents a year-over-year change of +2.4%.
- Revenue- Used Vehicle- Retail: $2.03 billion versus $1.88 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -10.1% change.
- Revenue- Used Vehicle- Wholesale: $147 million versus $151.96 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -1.1% change.
View all Key Company Metrics for AutoNation here>>>Shares of AutoNation have returned -14.5% over the past month versus the Zacks S&P 500 composite's -2.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
Get the latest research report on AN - FREE