The earnings call presented a mixed picture with several achievements such as increased market share in new vehicle sales and record after-sales gross profit, alongside challenges including the impact of the CDK outage, revenue decline, and increased interest expenses. While the company is optimistic about future opportunities, current challenges have notably affected this quarter's performance.

Company Guidance

During the AutoNation Q3 2024 earnings call, several key metrics were highlighted that reflect the company's performance amidst various challenges. New vehicle sales saw a 2% increase in same-store units, outpacing the overall industry, while used vehicle sales were impacted by the CDK outage but showed sequential improvement. The after-sales segment achieved a record gross profit, contributing to nearly half of the company's total gross profit, which aligns with more than $0.5 billion growth since 2019. Despite encountering a $0.21 per share impact from the CDK outage and additional challenges like significant weather events and OEM stop sales, AutoNation reported a total revenue of $6.6 billion, with a gross profit of $1.2 billion and adjusted EPS of $4.02. The company also generated over $150 million from divesting eight stores, which it plans to reinvest in higher-return opportunities. AutoNation's AN Finance business originated over $700 million in loans year-to-date, further supporting long-term value creation.

Increased Market Share in New Vehicle Sales

AutoNation increased its market share in new vehicle sales, reversing prior share performance issues due to a systems outage.

Record Gross Profit in After-Sales

The after-sales team delivered an all-time record gross profit, contributing significantly to the company's overall performance.

Sequential Improvement in Customer Financial Services

Customer Financial Services saw a sequential improvement with product attachment rates and CFS PVRs ahead of previous record levels.

Successful Franchise Store Divestitures

AutoNation divested 7 domestic and 1 import store, generating over $150 million in proceeds, optimizing shareholder value.

Growth in AutoNation Finance

AN Finance originated over $700 million in new loans year-to-date, becoming AutoNation's largest lender.

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AutoNation (AN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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AN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 13, 2025	2024 (Q4)	4.24 / -	5.02	―	―	―
Oct 25, 2024	2024 (Q3)	4.36 / 4.02	5.54	-27.44% (-1.52)
Jul 31, 2024	2024 (Q2)	4.32 / 3.99	6.29	-36.57% (-2.30)
Apr 26, 2024	2024 (Q1)	4.26 / 4.49	6.05	-25.79% (-1.56)
Feb 13, 2024	2023 (Q4)	4.89 / 5.02	6.37	-21.19% (-1.35)
Oct 27, 2023	2023 (Q3)	5.49 / 5.54	6	-7.67% (-0.46)
Jul 21, 2023	2023 (Q2)	5.91 / 6.29	6.47	-2.78% (-0.18)
Apr 20, 2023	2023 (Q1)	5.74 / 6.05	5.78	4.67% (+0.27)
Feb 17, 2023	2022 (Q4)	5.83 / 6.37	5.76	10.59% (+0.61)
Oct 27, 2022	2022 (Q3)	6.27 / 6.00	5.12	17.19% (+0.88)

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

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AN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 25, 2024	$163.20	$155.83	-4.52%
Jul 31, 2024	$179.41	$190.72	+6.30%
Apr 26, 2024	$160.38	$169.88	+5.92%
Feb 13, 2024	$153.88	$147.82	-3.94%

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.

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