AutoNation (AN - Free Report) reported $6.77 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 1.1%. EPS of $5.02 for the same period compares to $6.37 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $6.65 billion, representing a surprise of +1.82%. The company delivered an EPS surprise of +3.51%, with the consensus EPS estimate being $4.85.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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: 125,623 versus the four-analyst average estimate of 130,206.
- Revenue per Vehicle retailed - New Vehicle: $52,000 versus $50,822.40 estimated by four analysts on average.
- Revenue per Vehicle retailed - Used Vehicle: $27,338 versus $27,449.46 estimated by four analysts on average.
- Gross profit per vehicle retailed - Finance and insurance: $2,674 versus the four-analyst average estimate of $2,771.72.
- Unit sales - Used Vehicle - Retail: 65,151 compared to the 67,951 average estimate based on four analysts.
- Revenue- Other: $6.10 million versus the five-analyst average estimate of $7.40 million. The reported number represents a year-over-year change of -30.7%.
- Revenue- New Vehicle: $3.37 billion versus the five-analyst average estimate of $3.16 billion. The reported number represents a year-over-year change of +7%.
- Revenue- Parts and service: $1.14 billion compared to the $1.11 billion average estimate based on five analysts. The reported number represents a change of +11% year over year.
- Revenue- Finance and insurance net: $347.40 million compared to the $358.35 million average estimate based on five analysts. The reported number represents a change of +0.7% year over year.
- Revenue- Used Vehicle: $1.91 billion versus the four-analyst average estimate of $2.03 billion. The reported number represents a year-over-year change of -12.1%.
- Revenue- Used Vehicle- Retail: $1.78 billion versus the three-analyst average estimate of $1.83 billion. The reported number represents a year-over-year change of -11.5%.
- Revenue- Used Vehicle- Wholesale: $124.70 million versus the three-analyst average estimate of $153.31 million. The reported number represents a year-over-year change of -19%.
View all Key Company Metrics for AutoNation here>>>Shares of AutoNation have returned +13.4% over the past month versus the Zacks S&P 500 composite's +5.1% 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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With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
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AutoNation (AN - Free Report) reported $6.77 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 1.1%. EPS of $5.02 for the same period compares to $6.37 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $6.65 billion, representing a surprise of +1.82%. The company delivered an EPS surprise of +3.51%, with the consensus EPS estimate being $4.85.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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: 125,623 versus the four-analyst average estimate of 130,206.
- Revenue per Vehicle retailed - New Vehicle: $52,000 versus $50,822.40 estimated by four analysts on average.
- Revenue per Vehicle retailed - Used Vehicle: $27,338 versus $27,449.46 estimated by four analysts on average.
- Gross profit per vehicle retailed - Finance and insurance: $2,674 versus the four-analyst average estimate of $2,771.72.
- Unit sales - Used Vehicle - Retail: 65,151 compared to the 67,951 average estimate based on four analysts.
- Revenue- Other: $6.10 million versus the five-analyst average estimate of $7.40 million. The reported number represents a year-over-year change of -30.7%.
- Revenue- New Vehicle: $3.37 billion versus the five-analyst average estimate of $3.16 billion. The reported number represents a year-over-year change of +7%.
- Revenue- Parts and service: $1.14 billion compared to the $1.11 billion average estimate based on five analysts. The reported number represents a change of +11% year over year.
- Revenue- Finance and insurance net: $347.40 million compared to the $358.35 million average estimate based on five analysts. The reported number represents a change of +0.7% year over year.
- Revenue- Used Vehicle: $1.91 billion versus the four-analyst average estimate of $2.03 billion. The reported number represents a year-over-year change of -12.1%.
- Revenue- Used Vehicle- Retail: $1.78 billion versus the three-analyst average estimate of $1.83 billion. The reported number represents a year-over-year change of -11.5%.
- Revenue- Used Vehicle- Wholesale: $124.70 million versus the three-analyst average estimate of $153.31 million. The reported number represents a year-over-year change of -19%.
View all Key Company Metrics for AutoNation here>>>Shares of AutoNation have returned +13.4% over the past month versus the Zacks S&P 500 composite's +5.1% 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.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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