Reports Q3 revenue $6.59B, consensus $6.71B. Reports Q3 same store new vehicle unit sales growth of 2%. “We are pleased to deliver solid operating results for the third quarter driven primarily by new vehicle unit sales growth, continued After-Sales momentum, and disciplined cost controls. We were able to navigate through a challenging environment, which included the lingering effects of the CDK outage, which we are relieved to now have behind us, weather challenges, and OEM stop-sale orders. Looking ahead, we remain focused on shareholder returns, are encouraged by the moderating interest rates and OEM support actions, and are committed to delivering a strong close to the year,” said Mike Manley, AutoNation’s (AN) CEO.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AN:
- Notable companies reporting before tomorrow’s open
- AN Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- AutoNation price target lowered to $215 from $220 at BofA
- Morgan Stanley says sell GM in auto ratings shakeup on China ‘butterfly effect’
- GM, Ford and Rivian downgraded: Wall Street’s top analyst calls