AutoNation reports Q4 adjusted EPS $4.97, consensus $4.26

Reports Q4 revenue $7.2B, consensus $6.81B. New Vehicle same-store unit sales growth of 12% in Q4, with sequential unit profitability growth; Used Vehicle same-store gross profit growth of 14% in Q4. “Our fourth quarter performance reflects the strength of AutoNation’s (AN) business model and operations. We achieved double-digit new vehicle unit growth, gaining share in the markets we serve, while also meaningfully increasing used vehicle, Customer Financial Services, and After-Sales gross profit. Further, we continued to expand our AutoNation Finance business and to enhance our loan portfolio, by originating more than $1 billion in loans during 2024 and selling most of the legacy, sub-prime portfolio. We are pleased with our performance, confident in our ability to adapt to changing market conditions, and remain focused on delivering attractive shareholder returns,” said Mike Manley, AutoNation’s CEO.