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AutoNation (AN) Q2 Earnings Miss Estimates, Sales Trail

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AutoNation Inc. (AN - Free Report) is the largest automotive retailer in the U.S. and is about twice the size of its nearest competitor. The company is positioned to benefit from recovery in the auto market, backed by its optimal brand and market mix as well as a disciplined cost structure.

Estimate Trend & Surprise History

AutoNation’s first-quarter 2017 earnings beat the Zacks Consensus Estimate. In fact, the company surpassed the Zacks Consensus Estimate in two of the trailing four quarters and missed in two quarters. As a result, it has an average positive surprise of around 1.45% for the last four quarters.

AutoNation, Inc. Price and EPS Surprise

AutoNation, Inc. Price and EPS Surprise | AutoNation, Inc. Quote


AutoNation delivered earnings of 86 cents per share in the second quarter of 2017, which decreased from $1.08 recorded in the second quarter of 2016. Earnings also missed the Zacks Consensus Estimate of 98 cents.


AutoNation reported revenues of $5.28 billion, down 3% year over year. Also, revenues missed the Zacks Consensus Estimate of $5.57 billion.

Key Stats/Developments to Note

During the quarter, combined retail vehicle unit sales were down 3% year over year.

In Texas and Florida, which represent around 45% of the company’s total retail vehicle unit sales, market conditions were very tough.

Zacks Rank

Currently, AutoNation has a Zacks Rank #4 (Sell), but that could change following its earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Market Reaction

AutoNation’s shares declined 5.3% in the pre-market trading following the release.

Check back later for our full write up on AutoNation’s earnings report!

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