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AutoNation Reports Strong Profit in Quarterly Earnings Filing

By USinMinutes - Jul 31, 2024, 07:01 AM ET

Last Updated - Aug 08, 2024, 03:52 PM EDT

AutoNation Reports Strong Profit in Quarterly Earnings Filing

Solid Free Cash Flow Generation and Improved Margins Drive AutoNation's Q2 Earnings

AutoNation, Inc. [AN] reported a quarterly profit of $275.0 million for the period ending June 30, 2024. This marks a decrease from the previous quarter's profit of $439.2 million.

The company, headquartered in Fort Lauderdale, Florida, reported to SEC in an 8-K filing $3.20 earnings per share in the quarter, compared to $6.02 in the previous quarter.

AutoNation, a leading player in the automotive retail sector, recorded revenue of $6.5 billion for the current period, showing a decrease compared to the previous quarter's revenue of $6.89 billion.

AutoNation's revenue for the current quarter saw a decrease from the same quarter in the previous year, with revenue totaling $6.5 billion, down from the previous year's revenue of $6.89 billion. Additionally, the company experienced a percentage change in profit for the current quarter compared to the same quarter in the previous year.

AUTONATION, INC. [AN]

164.32 (-4.95)

Dollars in millions
	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023
Income Statement
Revenue	$6,485.7	$26,948.9	$6,892.7	$6,890.1
Operating Profit	$340.3	$1,651.9	$419.5	$439.2
Net Income	$190.1	$1,021.1	$243.7	$272.5
Net Cash	$4.1	-$18.4	-$17.0	-$10.1
Gross Margin	$1,197.9	$5,131.5	$1,294.6	$1,335.3
Operating Margin	$0.0	$0.0	$0.0	$0.0
Profit as % of Revenues	630.14	19.04	531.23	19.38
Profit as % of Assets	2.05	9.27	2.69	2.58
Profit as % of Stockholder Equity	8.06	46.17	11.38	13.03
Return on Equity	8.06	46.17	11.38	13.03
Return on Assets	1.58	8.52	2.17	2.46
Turnover Ratio	70.01	2.45	76.02	0.65
EBITA	$398.6	$0.0	$475.2	$0.0
Balance Sheet
Total Assets	$12,041.3	$11,980.0	$11,241.0	$11,079.5
Total Liabilities	$9,681.5	$9,768.6	$9,099.0	$8,987.7
Cash Flow Statement
Operating Cash Flow	$294.5	$724.0	$762.6	$507.0
Investing Cash Flow	-$69.3	-$569.9	-$497.0	-$487.5
Financing Cash Flow	-$221.1	-$172.5	-$282.6	-$29.6

Read the full filing

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Solid Free Cash Flow Generation and Improved Margins Drive AutoNation's Q2 Earnings

AutoNation, Inc. [AN] reported a quarterly profit of $275.0 million for the period ending June 30, 2024. This marks a decrease from the previous quarter's profit of $439.2 million.

The company, headquartered in Fort Lauderdale, Florida, reported to SEC in an 8-K filing $3.20 earnings per share in the quarter, compared to $6.02 in the previous quarter.

AutoNation, a leading player in the automotive retail sector, recorded revenue of $6.5 billion for the current period, showing a decrease compared to the previous quarter's revenue of $6.89 billion.

AUTONATION, INC. [AN]

164.32 (-4.95)

Dollars in millions
	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023
Income Statement
Revenue	$6,485.7	$26,948.9	$6,892.7	$6,890.1
Operating Profit	$340.3	$1,651.9	$419.5	$439.2
Net Income	$190.1	$1,021.1	$243.7	$272.5
Net Cash	$4.1	-$18.4	-$17.0	-$10.1
Gross Margin	$1,197.9	$5,131.5	$1,294.6	$1,335.3
Operating Margin	$0.0	$0.0	$0.0	$0.0
Profit as % of Revenues	630.14	19.04	531.23	19.38
Profit as % of Assets	2.05	9.27	2.69	2.58
Profit as % of Stockholder Equity	8.06	46.17	11.38	13.03
Return on Equity	8.06	46.17	11.38	13.03
Return on Assets	1.58	8.52	2.17	2.46
Turnover Ratio	70.01	2.45	76.02	0.65
EBITA	$398.6	$0.0	$475.2	$0.0
Balance Sheet
Total Assets	$12,041.3	$11,980.0	$11,241.0	$11,079.5
Total Liabilities	$9,681.5	$9,768.6	$9,099.0	$8,987.7
Cash Flow Statement
Operating Cash Flow	$294.5	$724.0	$762.6	$507.0
Investing Cash Flow	-$69.3	-$569.9	-$497.0	-$487.5
Financing Cash Flow	-$221.1	-$172.5	-$282.6	-$29.6

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AutoNation Reports Strong Profit in Quarterly Earnings Filing

Solid Free Cash Flow Generation and Improved Margins Drive AutoNation's Q2 Earnings

Income Statement

Balance Sheet

Cash Flow Statement

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