Recap: AutoNation Q2 Earnings

Shares of AutoNation AN moved higher by 7.8% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share rose 17.50% over the past year to $1.41, which may not compared to the estimate of $0.37.

Revenue of $4,533,000,000 decreased by 15.18% from the same period last year, which beat the estimate of $4,080,000,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

AutoNation hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: Jul 23, 2020

Time: 10:00 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestors.autonation.com%2Fnews-and-events%2Fevents-and-presentations%2Fdefault.aspx&eventid=2403198&sessionid=1&key=50CAD5807F6EBC47589E6C8C8D7A10F8&regTag=&sourcepage=register

Price Action

52-week high: $53.19

Company's 52-week low was at $20.59

Price action over last quarter: Up 43.05%

Company Profile

AutoNation is the largest automotive dealer in the United States, with 2019 revenue of $21.3 billion and over 230 dealerships. The firm also has five AutoNation USA used-vehicle stores and 81 collision centers all across 16 states primarily in Sunbelt metropolitan areas. New-vehicle sales account for about 52% of revenue; the company also sells used vehicles, parts, and repair services as well as auto financing. The company (formerly Republic Industries) spun off its waste management unit (Republic Services) in 1999 and its car rental businesses (ANC Rental) in 2000.