Strong Vehicle Sales Growth
Sales of new vehicles increased 8% year-over-year, with the Domestic segment up 19% from a year ago and 14% from the first quarter on a same-store basis. Used vehicle gross profit increased 13% year-over-year.
Record After-Sales Performance
After-Sales delivered record revenue, with gross profit up more than 12% and gross profit margins expanding by 100 basis points to record levels.
Adjusted EPS Growth
Adjusted EPS grew by 37% compared to a year ago, marking the second consecutive year-over-year increase.
Successful AN Finance Asset-Backed Securitization
Completed an inaugural AN Finance asset-backed securitization that was well received, being 7x oversubscribed, and raised $700 million.
Improved SG&A and Operating Income Margins
Adjusted SG&A improved to 66.2%, and adjusted operating income margin increased to 5.3%.