AutoNation (AN) Reports Q4 Earnings: What Key Metrics Have to Say
AutoNation (AN) 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.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AutoNation, Inc. (AN) : Free Stock Analysis Report
