AutoNation (AN) Tops Q4 EPS by 42c, Revenues Beat

AutoNation (NYSE: AN) reported Q4 EPS of $2.43, $0.42 better than the analyst estimate of $2.01. Revenue for the quarter came in at $5.79 billion versus the consensus estimate of $5.56 billion.

Operational Summary

Fourth quarter 2020 Operational Summary:

• Revenue – Same-store revenue was $5.8 billion, an increase of 5% compared to the year-ago period.
• Gross Profit - Same-store gross profit totaled $984 million, an increase of 11% compared to the year-ago period.
• New Vehicle Gross Profit - Same-store new vehicle gross profit per vehicle retailed was a record $2,775, up $919 or 50% compared to the year-ago period.
• Used Vehicle Gross Profit - Same-store used vehicle gross profit per vehicle retailed was $1,565, up $127 or 9% compared to the year-ago period.
• Customer Financial Services Gross Profit - Same-store Customer Financial Services gross profit per vehicle retailed was a record $2,209, up $218 or 11% compared to the year-ago period.
• SG&A as a Percentage of Gross Profit –SG&A as a percentage of gross profit was 64.1%. Adjusted SG&A as a percentage of gross profit was 63.8%, an improvement of 820 basis points compared to the prior year.

For earnings history and earnings-related data on AutoNation (AN) click here.

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