Autonation (AN)
NYSE:AN
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Earnings Data
Report Date
Jul 16, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
5.44Last Year’s EPS
5.46Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call portrays a fundamentally strong operational and financial performance despite industry headwinds. Key positives include record aftersales gross profit, continued adjusted EPS growth (five consecutive quarters), robust free cash flow ($256M), successful scaling of AutoNation Finance (portfolio +$1B YoY) and aggressive share repurchases, supported by a healthy balance sheet (2.57x leverage). Offsetting these positives are declines in new vehicle volumes (same‑store down 9%), BEV sales collapsing >50% YoY with disproportionate impact on premium luxury, higher SG&A as a percent of gross profit due to strategic investments, and short‑term margin/volume uncertainty driven by macro and geopolitical factors. Overall, management emphasizes durable, high‑margin aftersales and finance businesses and disciplined capital allocation while acknowledging near‑term uncertainty.Company Guidance
Adjusted EPS Growth
Adjusted EPS of $4.69 in Q1, marking the fifth consecutive quarter of year‑over‑year adjusted EPS growth.
Strong Free Cash Flow and Cash Conversion
Adjusted free cash flow of $256 million for the quarter, equal to 155% of adjusted net income, reflecting excellent cash conversion and disciplined working capital management.
Record Aftersales Gross Profit
Aftersales gross profit reached a Q1 record of $593 million; same‑store gross profit increased 3% and total store gross profit increased 5% year‑over‑year, led by customer pay (+8%) and warranty (+7%).
Customer Financial Services Strength
CFS per‑unit profitability increased 6% year‑over‑year; finance penetration approximately 75% of units sold; customers purchased on average >2 products per vehicle.
AutoNation Finance Momentum
AutoNation Finance generated $9 million profit in Q1 (vs $0.1M in Q1 2025), produced >$20 million cash, and scaled the portfolio to ~$2.45 billion (up ~$1 billion year‑over‑year); originations ~17% of financed deals and originations of ~$460 million in the quarter.
Improved New Vehicle Per‑Unit Profitability
New vehicle profitability averaged >$2,500 per unit, up ~5% sequentially vs Q4, driven by stronger import and premium luxury per‑unit margins.
Used Vehicle Margin and Mix Improvement
Used to new ratio highest in 2 years; average selling price rose ~5% year‑over‑year; used vehicle unit profitability improved sequentially by >$150 to just under $1,600 per unit, and wholesale/retail parts increased 10%.
Share Repurchases and Capital Deployment
Deployed ~$350 million of capital in the quarter including $300 million of share repurchases; $1.1 billion repurchased since end of 2024; additional repurchases since quarter end brought YTD deployment to ~$400 million and nearly 2 million shares repurchased (~6% of shares outstanding at start of year).
Balance Sheet and Funding Improvements
Leverage at 2.57x EBITDA (within 2–3x target) and maintained investment‑grade rating; successful ABS issuance (~$750 million) improved funding profile for AutoNation Finance; floorplan interest expense down 10% year‑over‑year (~$5M).
Gross Margin and Productivity Gains
Company gross margin improved ~30 basis points to 18.5% of revenue; adjusted operating income remains 4.8% of revenue (~100 bps above pre‑pandemic levels); technician headcount up >3% same‑store year‑over‑year supporting aftersales productivity.
AN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
AN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 01, 2026 | $212.38 | $210.00 | -1.12% |
Feb 06, 2026 | $204.02 | $216.65 | +6.19% |
Oct 23, 2025 | $216.44 | $208.67 | -3.59% |
Jul 25, 2025 | $200.25 | $203.25 | +1.50% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Autonation (AN) report earnings?
Autonation (AN) is schdueled to report earning on Jul 16, 2026, Before Open (Confirmed).
What is Autonation (AN) earnings time?
Autonation (AN) earnings time is at Jul 16, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AN EPS forecast?
AN EPS forecast for the fiscal quarter 2026 (Q2) is 5.44.
