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Autonation Inc   (AN)
Other Ticker:  
 
    Sector  Retail    Industry Automotive Aftermarket
   Industry Automotive Aftermarket
   Sector  Retail
 
Price: $154.1600 $-0.46 -0.298%
Day's High: $155.17 Week Perf: 1.18 %
Day's Low: $ 154.63 30 Day Perf: -2.95 %
Volume (M): 4 52 Wk High: $ 182.08
Volume (M$): $ 612 52 Wk Avg: $147.09
Open: $153.12 52 Wk Low: $123.81



 Market Capitalization (Millions $) 6,922
 Shares Outstanding (Millions) 45
 Employees 24,000
 Revenues (TTM) (Millions $) 26,949
 Net Income (TTM) (Millions $) 1,021
 Cash Flow (TTM) (Millions $) -18
 Capital Exp. (TTM) (Millions $) 410

Autonation Inc
AutoNation, Inc. is the largest automotive retailer in the United States. Our stores, which we believe include some of the most recognizable and well-known in our key markets, sell 35 different brands of new vehicles. The core brands of vehicles that we sell, are manufactured by Ford, General Motors, DaimlerChrysler, Toyota, Nissan, Honda and BMW.

We offer a diversified range of automotive products and services, including new vehicles, used vehicles, vehicle maintenance and repair services, vehicle parts, extended service contracts, vehicle protection products and other aftermarket products. We also arrange financing for vehicle purchases through third-party finance sources. We believe that the significant scale of our operations and the quality of our managerial talent allow us to achieve efficiencies in our key markets by, among other things, reducing operating expenses, leveraging our market brands and advertising, improving asset management and sharing and implementing best practices across all of our stores.

Each of our stores acquires new vehicles for retail sale either directly from the applicable automotive manufacturer or distributor or through dealer trades with other stores of the same franchise. Accordingly, we depend in large part on the automotive manufacturers and distributors to provide us with high-quality vehicles that consumers desire and to supply us with such vehicles at suitable quantities and prices and at the right times. Our operations, particularly our sales of new vehicles, are impacted by the sales incentive programs conducted by the automotive manufacturers to spur consumer demand for their vehicles. We generally acquire used vehicles from customer trade-ins, at the termination of leases and, to a lesser extent, auctions and other sources. We generally recondition used vehicles acquired for retail sale at our stores' service facilities and capitalize costs related thereto as used vehicle inventory. Used vehicles that we do not sell at our stores generally are sold at wholesale through auctions.

We provide a wide variety of financial products and services to our customers in a convenient manner and at competitive prices. We arrange for our customers to finance vehicles through installment loans or leases with third-party lenders, including the vehicle manufacturers' and distributors' captive finance subsidiaries, in exchange for a commission payable to us by the third-party lender. Commissions that we receive from these third-party lenders may be subject to chargeback, in full or in part, if loans that we arrange are defaulted or prepaid or upon other specified circumstances. However, our exposure to loss in connection with arranging third-party financing generally is limited to the commissions that we receive. Since our mid-1999 exit from the vehicle lease underwriting business and our December 2001 exit from the retail auto loan underwriting business, we have not directly financed our customers' vehicle leases or purchases. In July 2003, we sold the remainder of our finance receivables portfolio with respect to auto leases and loans that we had underwritten and received proceeds equal to the net carrying value of the financing receivables and servicing liabilities at the close of the transaction.

We also offer our customers various vehicle warranty and extended protection products, including extended warranties, maintenance programs, guaranteed auto protection'(known as 'GAP,' this protection covers the shortfall between a customer's loan balance and insurance payoff in the event of a casualty), credit insurance, lease 'wear and tear' insurance and theft protection products at competitive prices. The vehicle warranty and extended protection products that our stores currently offer to customers are underwritten and administered by independent third parties, including the vehicle manufacturers' captive finance subsidiaries. Pursuant to our arrangements with these third-party finance and vehicle protection product providers, we primarily sell the products on a straight commission basis; however, we may sell the product, recognize commission and participate in future underwriting profit, if any, pursuant to a retrospective commission arrangement. Commissions that we receive from these third-party providers may be subject to chargebacks, in full or in part, if products that we sell, such as extended warranties, are cancelled. We establish an estimated liability for chargebacks against revenue recognized from sales of finance and vehicle protection products during the period in which the related revenue is recognized.

Our stores also provide a wide range of parts and vehicle maintenance and repair services, including warranty work that can be performed only at franchised dealerships and customer-pay service work. Additionally, we operate collision repair centers in most of our key markets that provide paint and repair services. We have developed relationships with national insurance companies that establish our stores and collision centers as preferred providers of collision repair services.

Competition

We operate in a highly competitive industry. We believe that the principal competitive factors in the automotive retailing business are location, service, price and selection. Each of our markets includes a large number of well-capitalized competitors that have extensive automobile store managerial experience and strong retail locations and facilities. According to the National Automotive Dealers Association, Manheim Auctions and reports of various industry analysts, the automotive retail industry is served by approximately 22,000 franchised automotive dealerships and approximately 54,000 independent used vehicle dealers. Several other public companies operate numerous automotive retail stores on a national or regional basis. We are subject to competition from dealers that sell the same brands of new vehicles that we sell and from dealers that sell other brands of new vehicles that we do not represent in a particular market. Our new vehicle store competitors have franchise agreements with the various vehicle manufacturers and, as such, generally have access to new vehicles on the same terms as us. Additionally, we are subject to competition in the automotive retailing business from private market buyers and sellers of used vehicles.



   Company Address: 200 SW 1st Ave Fort Lauderdale 33301 FL
   Company Phone Number: 769-6000   Stock Exchange / Ticker: NYSE AN
   


Customers Net Income grew by AN's Customers Net Profit Margin grew to

80.86 %

15.1 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
AZO        2.8% 
KMX   -1.61%    
ORLY        2.03% 
DORM   -1.52%    
GPC        12.15% 
MPAA   -11.22%    
• View Complete Report
   



Autonation Inc

Analyzing the Financial Performance of Autonation Inc in Q4 2023: Revenue Growth vs. Income Contraction



Autonation Inc, a prominent player in the Automotive Aftermarket industry, recently released its financial results for the fourth quarter of 2023. While the company experienced a marginal increase in revenue, its overall income showed a significant decrease. This article will delve into the key findings of Autonation Inc's financial report, highlighting interesting facts and shedding light on the company's performance in comparison to its peers.
Revenue Elevation and Income Reduction
Despite a revenue elevation of 1.051% to $6.77 billion in the October to December 2023 period, Autonation Inc faced a concerning income reduction of -11.75% compared to the same quarter a year prior. This dip in income amounted to $216.200 million, down from $286.400 million in the corresponding period, indicating a decline in profitability. Furthermore, the net profit per share also saw a decline of -8.39% from $5.54 per share in the previous quarter.

Autonation Inc

Revised Headline: Autonation Inc. Experiences Surprising Reduction in Earnings Despite Soaring Demand Amidst Fiscal Time-Frame Ending September 30, 2023



Autonation Inc, a prominent automotive retailer, recently announced its financial results for the most recent fiscal period. Although the company witnessed a decline in earnings per share (EPS), it experienced significant growth in revenue. This article aims to analyze the potential impact of these financial results on the company's future prospects.
1. Declining EPS and Increasing Revenue:
Autonation Inc's revenue for the fiscal period ending September 30, 2023, increased by 3.401% to $6.89 billion compared to $6.67 billion in the previous year. However, the company's income fell by -12.2% to $5.54 per share, down from $6.31 in the fiscal timeframe ending September 30, 2022. This decline can pose challenges for the company's profitability and investor confidence.

Autonation Inc

AutoNation Inc. Battles 7.1% Income Drop Despite Modest Revenue Growth in Q2 2023, Earnings Per Share at $6.02


Introduction
Autonation Inc, one of the largest automotive retailers in the United States, has experienced a decline in income and net profits during the fiscal time-frame closing June 30, 2023. Despite a slight increase in revenue growth, the company's financial performance has significantly weakened, leading to concerns about its future prospects. This article will delve into the company's recent financial data, highlighting key factors contributing to its bearish outlook.
Declining Income and Profitability
Autonation Inc witnessed a decline in income by 7.1% during the April to June 2023 quarter compared to the same quarter last year. Although revenue experienced a marginal growth rate of 0.304%, it failed to offset the downward trend in income. Furthermore, net profits plummeted by an alarming 27.58% during the same fiscal period, raising concerns about the company's ability to generate sustainable profits in the future.






 

Autonation Inc's Segments
 
New vehicle
 Segment     of total Revenue
Used vehicle
 Segment     of total Revenue
Parts & service
 Segment     of total Revenue
Finance & insurance
 Segment     of total Revenue
Other
 Segment     of total Revenue
 
• View Complete Report

Autonation Inc's Operating Statistics Decrease / Increase
       
New vehicle unit sales    New vehicle unit sales Growth   
Used vehicle unit sales    Used vehicle unit sales Growth   
New vehicle (Revenue per Unit $)    New vehicle (Revenue per Unit $) Growth   
Used vehicle (Revenue per Unit $)    Used vehicle (Revenue per Unit $) Growth   
New vehicle (Gross profit per Unit $)    New vehicle (Gross profit per Unit $) Growth   
Used vehicle (Gross profit per Unit $)   Used vehicle (Gross profit per Unit $) Decline   
Ford New Vehicle Sales (Of Total Revenue %)    Ford New Vehicle Sales (Of Total Revenue %) Growth   
GM New Vehicle Sales (Of Total Revenue %)    GM New Vehicle Sales (Of Total Revenue %) Growth   
Chrysler New Vehicle Sales (Of Total Revenue %)    Chrysler New Vehicle Sales (Of Total Revenue %) Growth   
Mercedes New Vehicle Sales (Of Total Revenue %)    Mercedes New Vehicle Sales (Of Total Revenue %) Growth   
BMW New Vehicle Sales (Of Total Revenue %)   BMW New Vehicle Sales (Of Total Revenue %) Decline   
Lexus New Vehicle Sales (Of Total Revenue %)   Lexus New Vehicle Sales (Of Total Revenue %) Decline   
Other premium luxury New Vehicle Sales (Of Total Revenue %)     
Honda New Vehicle Sales (Of Total Revenue %)   Honda New Vehicle Sales (Of Total Revenue %) Decline   
Toyota New Vehicle Sales (Of Total Revenue %)   Toyota New Vehicle Sales (Of Total Revenue %) Decline   
Nissan New Vehicle Sales (Of Total Revenue %)   Nissan New Vehicle Sales (Of Total Revenue %) Decline   
Other imports New Vehicle Sales (Of Total Revenue %)   Other imports New Vehicle Sales (Of Total Revenue %) Decline   




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