Strong EPS Growth
AutoNation reported a 25% increase in adjusted EPS and strong cash flow, driven by strategic share repurchases and acquisitions.
New Vehicle Sales Growth
Same-store sales of new vehicles increased by 4.5%, with domestic segment sales up 11% year-over-year.
Increase in Used Vehicle Sales
Used vehicle unit sales increased by 4% overall, with gross profit increasing by 3% year-over-year.
Record Customer Financial Services Performance
Customer Financial Services gross profit reached a record high, increasing by 12% from the previous year.
After-Sales Revenue and Gross Profit
After-sales revenue and gross profit hit record levels, with gross profit increasing by 7% year-over-year.
AN Finance Growth
AN Finance nearly doubled its originations from the previous year, with the portfolio now exceeding $2 billion.