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AN AutoNation News Story

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Brief: AutoNation Q2 Adjusted EPS USD 5.46 Vs. IBES Estimate USD 4.71

Overview

AutoNation Q2 revenue up 8% to $7.0 bln, beating analyst expectations

The automotive retailer's adjusted EPS rises 37% to $5.46, surpassing estimates, per LSEG data

Co completed $700 mln asset-backed securitization, boosting financial flexibility

Outlook

Company highlights strong cash flow generation and balance sheet for future growth

AutoNation emphasizes flexibility in cost structure to adapt to market conditions

AutoNation positions for continued capital deployment to enhance shareholder returns

Result Drivers

NEW VEHICLE SALES - Revenue from new vehicle sales increased by 9%, contributing to overall revenue growth

AFTER-SALES PROFIT - Record after-sales gross profit of $599 mln, up 12% year-over-year

FINANCIAL SERVICES - Customer financial services revenue rose 13%, reflecting increased unit sales and profitability

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 RevenueBeat$6.97 bln$6.85 bln (11 Analysts)
Q2 Adjusted EPSBeat$5.46$4.71 (11 Analysts)
Q2 EPS$2.26
Q2 Adjusted Net IncomeBeat$209.20 mln$183 mln (9 Analysts)
Q2 Net Income$86.40 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell" The average consensus recommendation for the auto vehicles, parts & service retailers peer group is "buy" Wall Street's median 12-month price target for AutoNation Inc is $209.50, about 4.4% above its July 24 closing price of $200.25 The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago Press Release: ID:nPn6HqHPa (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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