Autonation, Inc. (AN) Tops Q1 EPS by 4c; to Acquire Arizona, Texas Assets
Autonation, Inc. (NYSE: AN) reported Q1 EPS of $0.68, $0.04 better than the analyst estimate of $0.64. Revenue for the quarter came in at $4.1 billion versus the consensus estimate of $4.03 billion.
AutoNation's retail new vehicle unit sales increased 9% overall and 6% on a same store basis. Segment results for the first quarter of 2013 were as follows:
* Domestic - Domestic segment income(3) was $59 million compared to year-ago segment income of $50 million.
* Import - Import segment income(3) was $71 million compared to year-ago segment income of $62 million.
* Premium Luxury - Premium Luxury segment income(3) was $69 million compared to year-ago segment income of $59 million.
AutoNation also announced that it has signed agreements to acquire SanTan Honda Superstore and Hyundai of Tempe in Phoenix, and Don Davis Toyota Scion in Dallas. The annual revenue for all three stores is approximately $250 million and together these stores sold approximately 8,300 new and used retail units in 2012. The acquisitions are subject to manufacturer approval and other customary closing conditions and are expected to be completed in the second quarter of 2013.
For earnings history and earnings-related data on Autonation, Inc. (AN) click here.
AutoNation's retail new vehicle unit sales increased 9% overall and 6% on a same store basis. Segment results for the first quarter of 2013 were as follows:
* Domestic - Domestic segment income(3) was $59 million compared to year-ago segment income of $50 million.
* Import - Import segment income(3) was $71 million compared to year-ago segment income of $62 million.
* Premium Luxury - Premium Luxury segment income(3) was $69 million compared to year-ago segment income of $59 million.
AutoNation also announced that it has signed agreements to acquire SanTan Honda Superstore and Hyundai of Tempe in Phoenix, and Don Davis Toyota Scion in Dallas. The annual revenue for all three stores is approximately $250 million and together these stores sold approximately 8,300 new and used retail units in 2012. The acquisitions are subject to manufacturer approval and other customary closing conditions and are expected to be completed in the second quarter of 2013.
For earnings history and earnings-related data on Autonation, Inc. (AN) click here.