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Here's What Key Metrics Tell Us About AutoNation (AN) Q2 Earnings
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For the quarter ended June 2024, AutoNation (AN - Free Report) reported revenue of $6.48 billion, down 6% over the same period last year. EPS came in at $3.99, compared to $6.29 in the year-ago quarter.
The reported revenue represents a surprise of -4.09% over the Zacks Consensus Estimate of $6.76 billion. With the consensus EPS estimate being $4.31, the EPS surprise was -7.42%.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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
: 126,772 compared to the 132,033 average estimate based on four analysts.
Revenue per Vehicle retailed - New Vehicle
: $50,965 compared to the $50,624.99 average estimate based on four analysts.
Revenue per Vehicle retailed - Used Vehicle
: $26,617 versus the four-analyst average estimate of $27,151.13.
Gross profit per vehicle retailed - Finance and insurance
: $2,556 versus $2,673.35 estimated by four analysts on average.
Unit sales - Used Vehicle - Retail
: 65,504 versus the four-analyst average estimate of 69,327.
Revenue- Other
: $5.70 million versus the five-analyst average estimate of $6 million. The reported number represents a year-over-year change of -9.5%.
Revenue- New Vehicle
: $3.12 billion versus $3.20 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -4.8% change.
Revenue- Used Vehicle
: $1.91 billion versus the five-analyst average estimate of $1.99 billion. The reported number represents a year-over-year change of -8.5%.
Revenue- Parts and service
: $1.12 billion versus $1.21 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -2.5% change.
Revenue- Finance and insurance net
: $324 million versus $352.15 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -12.3% change.
Revenue- Used Vehicle- Retail
: $1.74 billion versus $1.86 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -10.6% change.
Revenue- Used Vehicle- Wholesale
: $167.60 million compared to the $141.67 million average estimate based on three analysts. The reported number represents a change of +20.8% year over year.
Shares of AutoNation have returned +11.7% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Here's What Key Metrics Tell Us About AutoNation (AN) Q2 Earnings
For the quarter ended June 2024, AutoNation (AN - Free Report) reported revenue of $6.48 billion, down 6% over the same period last year. EPS came in at $3.99, compared to $6.29 in the year-ago quarter.
The reported revenue represents a surprise of -4.09% over the Zacks Consensus Estimate of $6.76 billion. With the consensus EPS estimate being $4.31, the EPS surprise was -7.42%.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how AutoNation performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for AutoNation here>>>Unit sales - Total - Retail
: 126,772 compared to the 132,033 average estimate based on four analysts.Revenue per Vehicle retailed - New Vehicle
: $50,965 compared to the $50,624.99 average estimate based on four analysts.Revenue per Vehicle retailed - Used Vehicle
: $26,617 versus the four-analyst average estimate of $27,151.13.Gross profit per vehicle retailed - Finance and insurance
: $2,556 versus $2,673.35 estimated by four analysts on average.Unit sales - Used Vehicle - Retail
: 65,504 versus the four-analyst average estimate of 69,327.Revenue- Other
: $5.70 million versus the five-analyst average estimate of $6 million. The reported number represents a year-over-year change of -9.5%.Revenue- New Vehicle
: $3.12 billion versus $3.20 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -4.8% change.Revenue- Used Vehicle
: $1.91 billion versus the five-analyst average estimate of $1.99 billion. The reported number represents a year-over-year change of -8.5%.Revenue- Parts and service
: $1.12 billion versus $1.21 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -2.5% change.Revenue- Finance and insurance net
: $324 million versus $352.15 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -12.3% change.Revenue- Used Vehicle- Retail
: $1.74 billion versus $1.86 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -10.6% change.Revenue- Used Vehicle- Wholesale
: $167.60 million compared to the $141.67 million average estimate based on three analysts. The reported number represents a change of +20.8% year over year.Shares of AutoNation have returned +11.7% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.