We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Standard Motor Q1 Earnings Surpass Estimates, Revenues Rise Y/Y
Read MoreHide Full Article
Standard Motor Products (SMP - Free Report) posted first-quarter 2025 adjusted earnings per share (EPS) of 81 cents, which beat the Zacks Consensus Estimate of 44 cents and rose from 45 cents reported in the prior-year quarter.
Total revenues rose to $413.4 million from $331.4 million reported in the first quarter of 2024. The reported figure also beat the Zacks Consensus Estimate of $394 million. Gross profit rose to $124.7 million from the year-ago quarter’s $89.5 million. Operating income increased to $24.5 million from $14.6 million reported in the year-ago quarter.
Standard Motor Products, Inc. Price, Consensus and EPS Surprise
After the acquisition of AX V Nissens III APS (“Nissens”) on Nov. 1, 2024, the company reports for four operating segments: Vehicle Control, Temperature Control, Engineered Solutions and Nissens Automotive.
In the reported quarter, revenues from the Vehicle Control segment totaled $192.3 million, which rose 3.7% year over year due to steady demand for products. However, the metric missed our estimate of $198.3 million. Operating income was $18.3 million, up from the prior-year quarter’s $15.6 million but missed our estimate of $24.5 million.
Revenues from the Temperature Control segment came in at $88.9 million, which rose from the year-ago quarter’s $71.6 million and surpassed our projection of $72 million due to early orders from customers getting ready for the season and solid ongoing sales to end consumers. The segment registered an operating income of $7.8 million, up from $2.1 million reported in the year-ago period, but fell short of our expectation of $8.2 million.
Revenues from the Engineered Solutions segment totaled $66 million, down 11.2% year over year due to continued softness in certain end markets. The metric also lagged our estimate of $81 million. Operating income was $3.2 million, up from the prior-year quarter’s $2.2 million and marginally missed our expectation of $3.3 million.
Revenues from the Nissens Automotive segment totaled $66.2 million and surpassed our expectation of $42.5 million. The segment registered an operating income of $7.6 million.
(Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)
Financial Position
Standard Motor had $50.3 million in cash as of March 31, 2025, compared with $44.4 million as of Dec. 31, 2024. Long-term debt totaled $627.3 million as of March 31, 2025, compared with $535.2 million as of Dec. 31, 2024.
Net cash used by the operating activities totaled $60.2 million at the end of the first quarter of 2025. SG&A expenses rose 33.6% to $99.8 million.
The company declared a quarterly dividend of 31 cents per share. The dividend will be paid out on June 2, 2025, to stockholders of record as of May 15, 2025.
SMP Reiterates 2025 Guidance
For 2025, the company expects sales growth to be in the mid-teens. It expects adjusted EBITDA in the range of 10-11% of total revenues.
Sonic Automotive, Inc. (SAH - Free Report) posted first-quarter 2025 adjusted earnings per share of $1.48, which topped the Zacks Consensus Estimate of $1.46 and improved 8.82% from the year-ago quarter. Total revenues amounted to $3.65 billion, which surpassed the Zacks Consensus Estimate of $3.54 billion and rose from the year-ago quarter’s $3.38 billion.
SAH had cash & cash equivalents of $64.6 million as of March 31, 2025, up from $44 million as of Dec. 31, 2024. Long-term debt was $1.49 billion as of March 31, 2025, down from $1.51 billion as of Dec. 31, 2024.
AutoNation, Inc. (AN - Free Report) reported first-quarter 2025 adjusted earnings of $4.68 per share, which increased 4% year over year and beat the Zacks Consensus Estimate of $4.35, primarily on the back of better-than-expected revenues and profits from retail new and used vehicles. In the quarter under review, revenues amounted to $6.69 billion, which surpassed the Zacks Consensus Estimate of $6.57 billion and rose from $6.48 billion reported in the first quarter of 2024.
As of March 31, 2025, AutoNation’s liquidity was $1.6 billion, including $71 million in cash and nearly $1 billion available under its revolving credit facility. The firm’s inventory was valued at $3.23 billion. At the end of the first quarter, non-vehicle debt was $3.96 billion.
Group 1 Automotive (GPI - Free Report) reported first-quarter 2025 adjusted earnings per share of $10.17, which beat the Zacks Consensus Estimate of $9.68 and rose 7.17% year over year. The automotive retailer registered net sales of $5.51 billion, beating the Zacks Consensus Estimate of $5.34 billion. The top line also rose from the year-ago quarter’s $4.47 billion.
Group 1 had cash and cash equivalents of $70.5 million as of March 31, 2025, up from $34.4 million as of Dec. 31, 2024. Total debt was $2.8 billion as of March 31, 2025, down from $2.91 billion as of Dec. 31, 2024.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Standard Motor Q1 Earnings Surpass Estimates, Revenues Rise Y/Y
Standard Motor Products (SMP - Free Report) posted first-quarter 2025 adjusted earnings per share (EPS) of 81 cents, which beat the Zacks Consensus Estimate of 44 cents and rose from 45 cents reported in the prior-year quarter.
Total revenues rose to $413.4 million from $331.4 million reported in the first quarter of 2024. The reported figure also beat the Zacks Consensus Estimate of $394 million. Gross profit rose to $124.7 million from the year-ago quarter’s $89.5 million. Operating income increased to $24.5 million from $14.6 million reported in the year-ago quarter.
Standard Motor Products, Inc. Price, Consensus and EPS Surprise
Standard Motor Products, Inc. price-consensus-eps-surprise-chart | Standard Motor Products, Inc. Quote
Segmental Results
After the acquisition of AX V Nissens III APS (“Nissens”) on Nov. 1, 2024, the company reports for four operating segments: Vehicle Control, Temperature Control, Engineered Solutions and Nissens Automotive.
In the reported quarter, revenues from the Vehicle Control segment totaled $192.3 million, which rose 3.7% year over year due to steady demand for products. However, the metric missed our estimate of $198.3 million. Operating income was $18.3 million, up from the prior-year quarter’s $15.6 million but missed our estimate of $24.5 million.
Revenues from the Temperature Control segment came in at $88.9 million, which rose from the year-ago quarter’s $71.6 million and surpassed our projection of $72 million due to early orders from customers getting ready for the season and solid ongoing sales to end consumers. The segment registered an operating income of $7.8 million, up from $2.1 million reported in the year-ago period, but fell short of our expectation of $8.2 million.
Revenues from the Engineered Solutions segment totaled $66 million, down 11.2% year over year due to continued softness in certain end markets. The metric also lagged our estimate of $81 million. Operating income was $3.2 million, up from the prior-year quarter’s $2.2 million and marginally missed our expectation of $3.3 million.
Revenues from the Nissens Automotive segment totaled $66.2 million and surpassed our expectation of $42.5 million. The segment registered an operating income of $7.6 million.
(Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)
Financial Position
Standard Motor had $50.3 million in cash as of March 31, 2025, compared with $44.4 million as of Dec. 31, 2024.
Long-term debt totaled $627.3 million as of March 31, 2025, compared with $535.2 million as of Dec. 31, 2024.
Net cash used by the operating activities totaled $60.2 million at the end of the first quarter of 2025. SG&A expenses rose 33.6% to $99.8 million.
The company declared a quarterly dividend of 31 cents per share. The dividend will be paid out on June 2, 2025, to stockholders of record as of May 15, 2025.
SMP Reiterates 2025 Guidance
For 2025, the company expects sales growth to be in the mid-teens. It expects adjusted EBITDA in the range of 10-11% of total revenues.
SMP carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Big Releases From the Auto Space
Sonic Automotive, Inc. (SAH - Free Report) posted first-quarter 2025 adjusted earnings per share of $1.48, which topped the Zacks Consensus Estimate of $1.46 and improved 8.82% from the year-ago quarter. Total revenues amounted to $3.65 billion, which surpassed the Zacks Consensus Estimate of $3.54 billion and rose from the year-ago quarter’s $3.38 billion.
SAH had cash & cash equivalents of $64.6 million as of March 31, 2025, up from $44 million as of Dec. 31, 2024. Long-term debt was $1.49 billion as of March 31, 2025, down from $1.51 billion as of Dec. 31, 2024.
AutoNation, Inc. (AN - Free Report) reported first-quarter 2025 adjusted earnings of $4.68 per share, which increased 4% year over year and beat the Zacks Consensus Estimate of $4.35, primarily on the back of better-than-expected revenues and profits from retail new and used vehicles. In the quarter under review, revenues amounted to $6.69 billion, which surpassed the Zacks Consensus Estimate of $6.57 billion and rose from $6.48 billion reported in the first quarter of 2024.
As of March 31, 2025, AutoNation’s liquidity was $1.6 billion, including $71 million in cash and nearly $1 billion available under its revolving credit facility. The firm’s inventory was valued at $3.23 billion. At the end of the first quarter, non-vehicle debt was $3.96 billion.
Group 1 Automotive (GPI - Free Report) reported first-quarter 2025 adjusted earnings per share of $10.17, which beat the Zacks Consensus Estimate of $9.68 and rose 7.17% year over year. The automotive retailer registered net sales of $5.51 billion, beating the Zacks Consensus Estimate of $5.34 billion. The top line also rose from the year-ago quarter’s $4.47 billion.
Group 1 had cash and cash equivalents of $70.5 million as of March 31, 2025, up from $34.4 million as of Dec. 31, 2024. Total debt was $2.8 billion as of March 31, 2025, down from $2.91 billion as of Dec. 31, 2024.