Home / Stocks / AutoNation (AN) Q4 Earnings Surpass Estimates, Rise Y/Y

AutoNation (AN) Q4 Earnings Surpass Estimates, Rise Y/Y

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.

8em)–sm” type=”text” content=”strongAutoNation Inc./strong AN delivered fourth-quarter 2019 adjusted earnings of $1.

31 per share, beating the Zacks Consensus Estimate of $1.15.

The reported figure was also higher than the year-ago quarter’s $1.10 per share.

The upside was mainly aided by increased income across all segments.” data-reactid=”11″>AutoNation Inc.

AN delivered fourth-quarter 2019 adjusted earnings of $1.31 per share, beating the Zacks Consensus Estimate of $1.

15. The reported figure was also higher than the year-ago quarter’s $1.

10 per share. The upside was mainly aided by increased income across all segments.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.

8em)–sm” type=”text” content=”During the reported quarter, AutoNation’s revenues amounted to $5,549 million compared with the $5,412 million recorded in the prior-year quarter. However, the top-line figure missed the Zacks Consensus Estimate of $5,571 million.

” data-reactid=”12″>During the reported quarter, AutoNation’s revenues amounted to $5,549 million compared with the $5,412 million recorded in the prior-year quarter. However, the top-line figure missed the Zacks Consensus Estimate of $5,571 million.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.

8em)–sm” type=”text” content=”In the quarter, same-store gross profit increased 5.6% year over year to $895.

6 million, driven by growth in all business segments –– new vehicles, used vehicles, customer care and customer financial services. Net income from continuing operations was $157.

7 million compared with $92.9 million reported in fourth-quarter 2018.

” data-reactid=”13″>In the quarter, same-store gross profit increased 5.6% year over year to $895.

6 million, driven by growth in all business segments –– new vehicles, used vehicles, customer care and customer financial services. Net income from continuing operations was $157.

7 million compared with $92.9 million reported in fourth-quarter 2018.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.

8em)–sm” type=”text” content=”During the reported quarter, new-vehicle revenues declined 1.3% year over year to $3.

02 billion. Used-vehicle revenues rose 10.

9% to $1.34 billion from the year-ago quarter’s figure.

Revenues in the parts and service business gained 2.7% to $891.

3 million from that reported in fourth-quarter 2018. Net revenues in the finance and insurance business amounted to $265.

4 million, up 8.1% from the prior-year quarter.

” data-reactid=”14″>During the reported quarter, new-vehicle revenues declined 1.3% year over year to $3.

02 billion. Used-vehicle revenues rose 10.

9% to $1.34 billion from the year-ago quarter’s figure.

Revenues in the parts and service business gained 2.7% to $891.

3 million from that reported in fourth-quarter 2018. Net revenues in the finance and insurance business amounted to $265.

4 million, up 8.1% from the prior-year quarter.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.

8em)–sm” type=”text” content=”strongAutoNation, Inc. Price, Consensus and EPS Surprise/strong” data-reactid=”15″>AutoNation, Inc.

Price, Consensus and EPS Surprise

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.

8em)–sm” type=”text” content=”;” data-reactid=”16″> 

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.

8em)–sm” type=”text” content=”AutoNation, Inc. price-consensus-eps-surprise-chart | AutoNation, Inc.

Quote” data-reactid=”28″>AutoNation, Inc. price-consensus-eps-surprise-chart | AutoNation, Inc.

Quote

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.

8em)–sm” type=”text” content=”strongSegmental Details/strong” data-reactid=”29″>Segmental Details

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.

8em)–sm” type=”text” content=”Revenues in the Domestic segment declined 4.5% year over year to $1.

67 billion. The segment’s income increased 19.

2% to $65.2 million in the September-December quarter.

The segment comprises stores that sell vehicles manufactured by General Motors, Ford and FCA US.” data-reactid=”30″>Revenues in the Domestic segment declined 4.

5% year over year to $1.67 billion.

The segment’s income increased 19.2% to $65.

2 million in the September-December quarter. The segment comprises stores that sell vehicles manufactured by General Motors, Ford and FCA US.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.

8em)–sm” type=”text” content=”Revenues in the Import segment fell 1.4% to $1.

62 billion. Nevertheless, the segment’s income rose 13.

4% to $77.7 million in the reported quarter.

The segment consists of outlets that sell vehicles manufactured primarily by Toyota, Honda and Nissan.” data-reactid=”31″>Revenues in the Import segment fell 1.

4% to $1.62 billion.

Nevertheless, the segment’s income rose 13.4% to $77.

7 million in the reported quarter. The segment consists of outlets that sell vehicles manufactured primarily by Toyota, Honda and Nissan.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.

8em)–sm” type=”text” content=”The Premium Luxury segment comprises stores that sell retail vehicles manufactured by Mercedes-Benz, BMW, Lexus, Jaguar Land Rover and Audi. Sales in the segment increased 8.

7% to $2.06 billion.

Segmental income jumped 23.1% to $112.

5 million in the reported quarter.” data-reactid=”32″>The Premium Luxury segment comprises stores that sell retail vehicles manufactured by Mercedes-Benz, BMW, Lexus, Jaguar Land Rover and Audi.

Sales in the segment increased 8.7% to $2.

06 billion. Segmental income jumped 23.

1% to $112.5 million in the reported quarter.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.

8em)–sm” type=”text” content=”strongBalance Sheet and Capex/strong” data-reactid=”33″>Balance Sheet and Capex

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.

8em)–sm” type=”text” content=”AutoNation’s cash and cash equivalents were $42 million as of Dec 31, 2019, compared with $48.6 million as of Dec 31, 2018.

The company’s inventory was valued at $3.3 billion as of Dec 31, 2019, compared with $3.

65 billion in the prior-year period.” data-reactid=”34″>AutoNation’s cash and cash equivalents were $42 million as of Dec 31, 2019, compared with $48.

6 million as of Dec 31, 2018. The company’s inventory was valued at $3.

3 billion as of Dec 31, 2019, compared with $3.65 billion in the prior-year period.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.

8em)–sm” type=”text” content=”At the end of the fourth quarter, non-vehicle debt was $2.1 billion compared with $2.

6 billion in the prior-year quarter. At the end of the quarter, capital expenditure was $87.

3 million compared with $122 million in the year-earlier quarter.” data-reactid=”35″>At the end of the fourth quarter, non-vehicle debt was $2.

1 billion compared with $2.6 billion in the prior-year quarter.

At the end of the quarter, capital expenditure was $87.3 million compared with $122 million in the year-earlier quarter.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.

8em)–sm” type=”text” content=”strongZacks Rank amp; Stocks to Consider/strong” data-reactid=”36″>Zacks Rank Stocks to Consider

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.

8em)–sm” type=”text” content=”AutoNation currently carries a Zacks Rank #3 (Hold).” data-reactid=”37″>AutoNation currently carries a Zacks Rank #3 (Hold).

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.

8em)–sm” type=”text” content=”Some better-ranked stocks in the Auto-Tires-Trucks sector are Gentherm Inc. THRM, Gentex Corporation GNTX and SPX Corporation SPXC.

While Gentherm sports a Zacks Rank #1 (Strong Buy), Gentex Corporation and SPX carry a Zacks Rank of 2 (Buy) at present. You can seestrong the complete list of today’s Zacks #1 Rank stocks here/strong.

” data-reactid=”38″>Some better-ranked stocks in the Auto-Tires-Trucks sector are Gentherm Inc. THRM, Gentex Corporation GNTX and SPX Corporation SPXC.

While Gentherm sports a Zacks Rank #1 (Strong Buy), Gentex Corporation and SPX carry a Zacks Rank of 2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.

8em)–sm” type=”text” content=”Gentherm has a projected earnings growth rate of 20.60% for the ongoing year.

Its shares have gained 15.7% over the past year.

” data-reactid=”39″>Gentherm has a projected earnings growth rate of 20.60% for the ongoing year.

Its shares have gained 15.7% over the past year.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.

8em)–sm” type=”text” content=”Gentex has an estimated earnings growth rate of 6.02% for 2020.

The company’s shares have appreciated 57.1% in a year.

” data-reactid=”40″>Gentex has an estimated earnings growth rate of 6.02% for 2020.

The company’s shares have appreciated 57.1% in a year.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.

8em)–sm” type=”text” content=”SPX has an expected earnings growth rate of 8.09% for the current year.

The stock has rallied 62% in the past year.” data-reactid=”41″>SPX has an expected earnings growth rate of 8.

09% for the current year. The stock has rallied 62% in the past year.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.

8em)–sm” type=”text” content=”strong5 Stocks Set to Double/strong” data-reactid=”42″>5 Stocks Set to Double

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.

8em)–sm” type=”text” content=”Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.

” data-reactid=”43″>Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.

8em)–sm” type=”text” content=”Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.” data-reactid=”44″>Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.

8em)–sm” type=”text” content=”strongToday, See These 5 Potential Home Runs gt;gt;/strong” data-reactid=”45″>Today, See These 5 Potential Home Runs

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.

8em)–sm” type=”text” content=”brWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. a href=https://www.

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zacks.com/registration/pfp?ALERT=YAHOO_ZERamp;d_alert=ZER_CONFamp;t=ANamp;ADID=YAHOO_CONTENT_ZER_ARTCAT_ANALYST_BLOG_210amp;cid=CS-YAHOO-FT-analyst_blog|earnings_article-763589 rel=nofollow noopener target=_blankAutoNation, Inc.

(AN) : Free Stock Analysis Report/abr;bra href=https://www.zacks.

com/registration/pfp?ALERT=YAHOO_ZRamp;d_alert=rd_final_rankamp;t=THRMamp;ADID=YAHOO_CONTENT_ZRANK_ARTCAT_ANALYST_BLOG_210amp;cid=CS-YAHOO-FT-analyst_blog|earnings_article-763589 rel=nofollow noopener target=_blankGentherm Inc (THRM) : Free Stock Analysis Report/abr;bra href=https://www.zacks.

com/registration/pfp?ALERT=YAHOO_ZERamp;d_alert=ZER_CONFamp;t=GNTXamp;ADID=YAHOO_CONTENT_ZER_ARTCAT_ANALYST_BLOG_210amp;cid=CS-YAHOO-FT-analyst_blog|earnings_article-763589 rel=nofollow noopener target=_blankGentex Corporation (GNTX) : Free Stock Analysis Report/abr;bra href=https://www.zacks.

com/registration/pfp?ALERT=YAHOO_ZRamp;d_alert=rd_final_rankamp;t=SPXCamp;ADID=YAHOO_CONTENT_ZRANK_ARTCAT_ANALYST_BLOG_210amp;cid=CS-YAHOO-FT-analyst_blog|earnings_article-763589 rel=nofollow noopener target=_blankSPX Corporation (SPXC) : Free Stock Analysis Report/abr;bra href=https://www.zacks.

com/stock/news/763589/autonation-an-q4-earningssurpassestimates-rise-y-y?cid=CS-YAHOO-FT-analyst_blog|earnings_article-763589 rel=nofollow noopener target=_blankTo read this article on Zacks.com click here.

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com/ rel=nofollow noopener target=_blankZacks Investment Research/a” data-reactid=”46″>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
AutoNation, Inc.

(AN) : Free Stock Analysis Report
 
Gentherm Inc (THRM) : Free Stock Analysis Report
 
Gentex Corporation (GNTX) : Free Stock Analysis Report
 
SPX Corporation (SPXC) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.

 
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