AutoNation Reports All-Time Record Quarterly and Full Year EPS from Continuing Operations

FORT LAUDERDALE, Fla., Feb. 11, 2020 /PRNewswire/ -- AutoNation, Inc. AN, America's largest and most recognized automotive retailer, today reported fourth quarter 2019 net income from continuing operations of $158 million, or $1.74 per share. Fourth quarter 2019 net income from continuing operations included net gains from store and property divestitures of $20 million after-tax, or $0.22 per share, and a non-cash gain related to our investment in Vroom of $19 million after-tax, or $0.21 per share. Fourth quarter 2018 net income from continuing operations was $93 million, or $1.02 per share. Fourth quarter 2018 net income from continuing operations included net gains from store and property divestitures of $13 million after-tax, or $0.15 per share, and restructuring-related charges of $7 million after-tax, or $0.08 per share.

Same store fourth quarter 2019 revenue was $5.5 billion, an increase of 4% compared to the same period a year ago. Same store fourth quarter 2019 gross profit totaled $886 million, an increase of 7% compared to the year-ago period, driven by growth in all business sectors - new vehicles, used vehicles, customer care, and customer financial services. Same store Used Vehicle gross profit was $88 million, an increase of 21% compared to the year-ago period. Same store Customer Financial Services gross profit per vehicle retailed was an all-time record of $1,989, up $130 or 7% compared to the year-ago period. Same store Customer Care gross profit was $398 million, an increase of 4% compared to the year-ago period.

Segment Results

Segment results(1) for the fourth quarter 2019 were as follows:

Fourth Quarter 2019 Segment Results

  • Domestic - Domestic segment income(2) was $65 million compared to year-ago segment income of $55 million, an increase of 19%. 
  • Import - Import segment income(2) was $78 million compared to year-ago segment income of $69 million, an increase of 13%.
  • Premium Luxury - Premium Luxury segment income(2) was $113 million compared to year-ago segment income of $91 million, an increase of 23%.

Full Year 2019 Segment Results

  • Domestic - Domestic segment income(2) was $258 million compared to year-ago segment income of $249 million, an increase of 3%. 
  • Import - Import segment income(2) was $319 million compared to year-ago segment income of $305 million, an increase of 5%.
  • Premium Luxury - Premium Luxury segment income(2) was $381 million compared to year-ago segment income of $341 million, an increase of 12%.

For the full year ended December 31, 2019, AutoNation reported net income from continuing operations of $451 million, or $4.98 per share, compared to net income from continuing operations of $396 million, or $4.34 per share, for the same period in the prior year. AutoNation's revenue for the full year 2019 totaled $21.3 billion, compared to $21.4 billion for the same period in the prior year.

The fourth quarter conference call may be accessed by telephone at (866) 211-3176 (Conference ID: 5094300) at 11:00 a.m. Eastern Time today or on AutoNation's investor relations website at investors.autonation.com.

The webcast will also be available on AutoNation's website under "Events & Presentations" following the call. A playback of the conference call will be available after 2:00 p.m. Eastern Time on February 11, 2020, through March 3, 2020, by calling (800) 585-8367 (Conference ID: 5094300).

(1)  AutoNation has three reportable segments: Domestic, Import, and Premium Luxury. The Domestic segment is comprised of stores that sell vehicles manufactured by General Motors, Ford, and FCA US; the Import segment is comprised of stores that sell vehicles manufactured primarily by Toyota, Honda, Nissan, and Hyundai; and the Premium Luxury segment is comprised of stores that sell vehicles manufactured primarily by Mercedes-Benz, BMW, Lexus, Jaguar Land Rover, and Audi.

(2)  Segment income represents income for each of our reportable segments and is defined as operating income less floorplan interest expense.

About AutoNation, Inc.

AutoNation, America's largest and most recognized automotive retailer, is transforming the automotive industry through its bold leadership, innovation, and comprehensive brand extensions. As of December 31, 2019, AutoNation owned and operated over 325 locations from coast to coast. AutoNation has sold over 12 million vehicles, the first automotive retailer to reach this milestone. AutoNation's success is driven by a commitment to delivering a peerless experience through customer-focused sales and service processes. Since 2013, AutoNation has raised over $22 million to drive out cancer, create awareness, and support critical research through its DRIVE PINK initiative, which was officially branded in 2015.

Please visit www.autonation.com, investors.autonation.com, www.twitter.com/CEOCherylMiller, and www.twitter.com/AutoNation, where AutoNation discloses additional information about the Company, its business, and its results of operations. Please also visit www.autonationdrive.com, AutoNation's automotive blog, for information regarding the AutoNation community, the automotive industry, and current automotive news and trends.

FORWARD-LOOKING STATEMENTS 

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Words such as "anticipates," "expects," "intends," "goals," "plans," "believes," "continues," "may," "will," "could," and variations of such words and similar expressions are intended to identify such forward-looking statements. Statements regarding our strategic initiatives, partnerships, or investments, including our brand extension strategies, as well as statements regarding our expectations for the future performance of our business and the automotive retail industry and other statements that describe our objectives, goals, or plans, are forward-looking statements. Our forward-looking statements reflect our current expectations concerning future results and events, and they involve known and unknown risks, uncertainties, and other factors that are difficult to predict and may cause our actual results, performance, or achievements to be materially different from any future results, performance, and achievements expressed or implied by these statements. These risks, uncertainties, and other factors include, among others: economic conditions, including changes in interest rates, fuel prices, and tariffs; new and used vehicle margins; the success and financial viability and the incentive and marketing programs of vehicle manufacturers and distributors with which we hold franchises; our ability to implement successfully our strategic initiatives, partnerships, and investments, including our brand extension strategies; our ability to identify, acquire, and build out suitable locations in a timely manner; our ability to maintain and enhance our retail brands and reputation and to attract consumers to our own digital channels; our ability to integrate successfully acquired and awarded franchises and to attain planned sales volumes within our expected time frames; restrictions imposed by vehicle manufacturers and our ability to obtain manufacturer approval for acquisitions; natural disasters and other adverse weather events; the resolution of legal and administrative proceedings; regulatory factors affecting our business, including fuel economy requirements; the announcement of safety recalls; factors affecting our goodwill and other intangible asset impairment testing; and other factors described in our news releases and filings made under the securities laws, including, among others, our Annual Reports on Form 10-K, our Quarterly Reports on Form 10-Q and our Current Reports on Form 8-K. Forward-looking statements contained in this news release speak only as of the date of this news release, and we undertake no obligation to update these forward-looking statements to reflect subsequent events or circumstances.

 

AUTONATION, INC. 

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(In millions, except per share data)



























Three Months Ended December 31,



Twelve Months Ended December 31,







2019



2018



2019



2018





















Revenue:



















New vehicle

$

3,025.4

$

3,066.6

$

11,166.5

$

11,751.6



Used vehicle



1,344.6



1,212.4



5,466.5



5,123.3



Parts and service



891.3



868.0



3,572.1



3,447.6



Finance and insurance, net



265.4



245.4



1,023.3



981.4



Other



22.2



19.3



107.3



108.9

Total revenue



5,548.9



5,411.7



21,335.7



21,412.8





















Cost of sales:



















New vehicle



2,887.8



2,930.4



10,662.6



11,235.5



Used vehicle



1,256.2



1,138.7



5,098.5



4,781.6



Parts and service



488.5



476.1



1,949.5



1,892.3



Other



20.8



18.6



102.1



106.1

Total cost of sales



4,653.3



4,563.8



17,812.7



18,015.5





















Gross profit



895.6



847.9



3,523.0



3,397.3





















Selling, general, and administrative expenses



644.8



631.5



2,558.6



2,509.8

Depreciation and amortization



46.8



42.2



180.5



166.2

Franchise rights impairment



-



-



9.6



8.1

Other income, net



(31.8)



(23.1)



(49.3)



(64.7)





















Operating income



235.8



197.3



823.6



777.9





















Non-operating income (expense) items:



















Floorplan interest expense



(29.0)



(37.0)



(138.4)



(130.4)



Other interest expense



(25.1)



(29.0)



(106.7)



(119.4)



Interest income



0.1



0.3



0.5



1.1



Other income (loss), net



29.4



(3.1)



33.6



0.2





















Income from continuing operations before income taxes



211.2



128.5



612.6



529.4





















Income tax provision



53.5



35.6



161.8



133.5





















Net income from continuing operations



157.7



92.9



450.8



395.9





















Income (loss) from discontinued operations, net of income taxes



-



(0.2)



(0.8)



0.1









































Net income

$

157.7

$

92.7

$

450.0

$

396.0









































Diluted earnings (loss) per share*:



















Continuing operations

$

1.74

$

1.02

$

4.98

$

4.34



Discontinued operations

$

-

$

-

$

(0.01)

$

-























Net income

$

1.74

$

1.02

$

4.97

$

4.34









































Weighted average common shares outstanding



90.7



90.7



90.5



91.3





















Common shares outstanding, net of treasury stock, at period end



89.3



90.0



89.3



90.0









































* Earnings per share amounts are calculated discretely and therefore may not add up to the total due to rounding.

 

 

 AUTONATION, INC. 

 UNAUDITED SUPPLEMENTARY DATA 

 ($ in millions, except per vehicle data) 

















































































Operating Highlights



Three Months Ended December 31,



 Twelve Months Ended December 31, 









2019



2018



$ Variance



% Variance



2019



2018



$ Variance



% Variance

Revenue:





































New vehicle

$

3,025.4

$

3,066.6

$

(41.2)



(1.3)

$

11,166.5

$

11,751.6

$

(585.1)



(5.0)





  Retail used vehicle



1,264.8



1,141.5



123.3



10.8



5,160.3



4,807.6



352.7



7.3





  Wholesale



79.8



70.9



8.9



12.6



306.2



315.7



(9.5)



(3.0)





Used vehicle



1,344.6



1,212.4



132.2



10.9



5,466.5



5,123.3



343.2



6.7





Finance and insurance, net



265.4



245.4



20.0



8.1



1,023.3



981.4



41.9



4.3



Total variable operations



4,635.4



4,524.4



111.0



2.5



17,656.3



17,856.3



(200.0)



(1.1)



Parts and service



891.3



868.0



23.3



2.7



3,572.1



3,447.6



124.5



3.6



Other



22.2



19.3



2.9







107.3



108.9



(1.6)





Total revenue

$

5,548.9

$

5,411.7

$

137.2



2.5

$

21,335.7

$

21,412.8

$

(77.1)



(0.4)













































































Gross profit:





































New vehicle

$

137.6

$

136.2

$

1.4



1.0

$

503.9

$

516.1

$

(12.2)



(2.4)





  Retail used vehicle



84.4



71.2



13.2



18.5



346.8



327.6



19.2



5.9





  Wholesale



4.0



2.5



1.5







21.2



14.1



7.1









Used vehicle



88.4



73.7



14.7



19.9



368.0



341.7



26.3



7.7





Finance and insurance



265.4



245.4



20.0



8.1



1,023.3



981.4



41.9



4.3



Total variable operations



491.4



455.3



36.1



7.9



1,895.2



1,839.2



56.0



3.0



Parts and service



402.8



391.9



10.9



2.8



1,622.6



1,555.3



67.3



4.3



Other



1.4



0.7



0.7







5.2



2.8



2.4





Total gross profit



895.6



847.9



47.7



5.6



3,523.0



3,397.3



125.7



3.7







































Selling, general, and administrative expenses



644.8



631.5



(13.3)



(2.1)



2,558.6



2,509.8



(48.8)



(1.9)







































Depreciation and amortization



46.8



42.2



(4.6)







180.5



166.2



(14.3)





Franchise rights impairment



-



-



-







9.6



8.1



(1.5)





Other income, net



(31.8)



(23.1)



8.7







(49.3)



(64.7)



(15.4)





 Operating income 



235.8



197.3



38.5



19.5



823.6



777.9



45.7



5.9







































Non-operating income (expense) items:





































Floorplan interest expense



(29.0)



(37.0)



8.0







(138.4)



(130.4)



(8.0)









Other interest expense



(25.1)



(29.0)



3.9







(106.7)



(119.4)



12.7









Interest income



0.1



0.3



(0.2)







0.5



1.1



(0.6)









Other income (loss), net



29.4



(3.1)



32.5







33.6



0.2



33.4





Income from continuing operations before income taxes

$

211.2

$

128.5

$

82.7



64.4

$

612.6

$

529.4

$

83.2



15.7







































Retail vehicle unit sales:





































New 



74,383



78,370



(3,987)



(5.1)



282,602



310,839



(28,237)



(9.1)





Used



59,022



54,985



4,037



7.3



246,113



237,722



8,391



3.5









133,405



133,355



50



-



528,715



548,561



(19,846)



(3.6)







































Revenue per vehicle retailed:





































New 

$

40,673

$

39,130

$

1,543



3.9

$

39,513

$

37,806

$

1,707



4.5





Used

$

21,429

$

20,760

$

669



3.2

$

20,967

$

20,224

$

743



3.7







































Gross profit per vehicle retailed:





































New 

$

1,850

$

1,738

$

112



6.4

$

1,783

$

1,660

$

123



7.4





Used

$

1,430

$

1,295

$

135



10.4

$

1,409

$

1,378

$

31



2.2





Finance and insurance

$

1,989

$

1,840

$

149



8.1

$

1,935

$

1,789

$

146



8.2





Total variable operations(1)

$

3,654

$

3,395

$

259



7.6

$

3,544

$

3,327

$

217



6.5

















































































Operating Percentages



 Three Months Ended December 31, 



 Twelve Months Ended December 31, 

























2019 (%)



2018 (%)



2019 (%)



2018 (%)























































Revenue mix percentages:





































New vehicle



54.5



56.7



52.3



54.9





















Used vehicle



24.2



22.4



25.6



23.9





















Parts and service



16.1



16.0



16.7



16.1





















Finance and insurance, net



4.8



4.5



4.8



4.6





















Other



0.4



0.4



0.6



0.5

























100.0



100.0



100.0



100.0























































Gross profit mix percentages:





































New vehicle



15.4



16.1



14.3



15.2





















Used vehicle



9.9



8.7



10.4



10.1





















Parts and service



45.0



46.2



46.1



45.8





















Finance and insurance



29.6



28.9



29.0



28.9





















Other



0.1



0.1



0.2



-

























100.0



100.0



100.0



100.0























































Operating items as a percentage of revenue:





































Gross profit:





































   New vehicle



4.5



4.4



4.5



4.4





















   Used vehicle - retail



6.7



6.2



6.7



6.8





















   Parts and service



45.2



45.1



45.4



45.1





















   Total



16.1



15.7



16.5



15.9





















Selling, general, and administrative expenses



11.6



11.7



12.0



11.7





















Operating income



4.2



3.6



3.9



3.6























































Operating items as a percentage of total gross profit:





































Selling, general, and administrative expenses



72.0



74.5



72.6



73.9





















Operating income



26.3



23.3



23.4



22.9





























































































(1)

Total variable operations gross profit per vehicle retailed is calculated by dividing the sum of new vehicle, retail used vehicle, and finance and insurance gross profit by total retail vehicle unit sales.

















 

 

 AUTONATION, INC. 

 UNAUDITED SUPPLEMENTARY DATA 

 ($ in millions) 











































































Segment Operating Highlights



Three Months Ended December 31,



 Twelve Months Ended December 31, 







2019



2018



$ Variance



% Variance



2019



2018



$ Variance



% Variance









































































Revenue:



































Domestic

$

1,666.7

$

1,745.0

$

(78.3)



(4.5)

$

6,671.4

$

7,134.5

$

(463.1)



(6.5)



Import



1,622.8



1,646.2



(23.4)



(1.4)



6,468.7



6,786.4



(317.7)



(4.7)



Premium luxury



2,059.3



1,894.1



165.2



8.7



7,434.8



7,010.9



423.9



6.0



    Total



5,348.8



5,285.3



63.5



1.2



20,574.9



20,931.8



(356.9)



(1.7)



Corporate and other



200.1



126.4



73.7



58.3



760.8



481.0



279.8



58.2



    Total consolidated revenue

$

5,548.9

$

5,411.7

$

137.2



2.5

$

21,335.7

$

21,412.8

$

(77.1)



(0.4)









































































Segment income*:



































Domestic

$

65.2

$

54.7

$

10.5



19.2

$

257.6

$

249.3

$

8.3



3.3



Import



77.7



68.5



9.2



13.4



318.6



304.7



13.9



4.6



Premium luxury



112.5



91.4



21.1



23.1



381.1



340.9



40.2



11.8



    Total 



255.4



214.6



40.8



19.0



957.3



894.9



62.4



7.0





































Corporate and other



(48.6)



(54.3)



5.7







(272.1)



(247.4)



(24.7)





Add:  Floorplan interest expense



29.0



37.0



(8.0)







138.4



130.4



8.0





Operating income

$

235.8

$

197.3

$

38.5



19.5

$

823.6

$

777.9

$

45.7



5.9





































* Segment income represents income for each of our reportable segments and is defined as operating income less floorplan interest expense.





















































Retail new vehicle unit sales:



































Domestic



22,287



25,144



(2,857)



(11.4)



88,404



102,015



(13,611)



(13.3)



Import



32,705



34,780



(2,075)



(6.0)



128,183



142,556



(14,373)



(10.1)



Premium luxury



19,391



18,446



945



5.1



66,015



66,268



(253)



(0.4)







74,383



78,370



(3,987)



(5.1)



282,602



310,839



(28,237)



(9.1)











































































Brand Mix - Retail New Vehicle Units Sold







































 Three Months Ended December 31, 



 Twelve Months Ended December 31, 























2019 (%)



2018 (%)



2019 (%)



2018 (%)























































Domestic:



































   Ford, Lincoln



10.9



11.5



11.2



12.2



















   Chevrolet, Buick, Cadillac, GMC



10.3



11.4



10.8



11.1



















   Chrysler, Dodge, Jeep, Ram



8.8



9.2



9.3



9.5



















     Domestic total



30.0



32.1



31.3



32.8























































Import:



































   Toyota



20.9



19.0



20.4



19.4



















   Honda



13.5



13.1



14.2



13.7



















   Nissan



2.5



4.5



3.3



5.3



















   Other Import



7.0



7.8



7.4



7.5



















     Import total



43.9



44.4



45.3



45.9























































Premium Luxury:



































   Mercedes-Benz



10.2



8.8



8.8



8.0



















   BMW



6.9



6.2



6.3



5.2



















   Lexus



2.7



2.5



2.3



2.3



















   Audi



2.7



2.2



2.3



2.3



















   Jaguar Land Rover



2.3



2.2



2.2



2.0



















   Other Premium Luxury 



1.3



1.6



1.5



1.5



















     Premium Luxury total



26.1



23.5



23.4



21.3



























































100.0



100.0



100.0



100.0





















































 

 

 AUTONATION, INC

 UNAUDITED SUPPLEMENTARY DATA, Continued

 ($ in millions)



























































































































Capital Expenditures / Stock Repurchases



 Three Months Ended December 31,



 Twelve Months Ended December 31,

















2019



2018



2019



2018









































Capital expenditures (1)

$

87.3

$

122.0

$

257.4

$

393.6











Cash paid (received) for acquisitions, net of cash acquired

$

-

$

(0.7)

$

4.7

$

67.2











Proceeds from exercises of stock options

$

4.7

$

1.8

$

12.7

$

17.8











Stock repurchases:





























Aggregate purchase price

$

-

$

-

$

44.7

$

100.0













Shares repurchased (in millions)



-



-



1.3



2.1









































































Floorplan Assistance and Expense



 Three Months Ended December 31,



 Twelve Months Ended December 31,









2019



2018



 Variance



2019



2018



 Variance

































Floorplan assistance earned (included in cost of sales)

$

30.3

$

30.7

$

(0.4)

$

111.8

$

117.9

$

(6.1)



New vehicle floorplan interest expense



(26.6)



(34.5)



7.9



(128.1)



(121.7)



(6.4)



































Net new vehicle inventory carrying benefit (cost)

$

3.7

$

(3.8)

$

7.5

$

(16.3)

$

(3.8)

$

(12.5)

































































Balance Sheet and Other Highlights































































December 31, 2019



December 31, 2018

















































Cash and cash equivalents

$

42.0

$

48.6



















Inventory

$

3,305.8

$

3,650.5



















Total floorplan notes payable

$

3,575.8

$

3,997.7



















Non-vehicle debt

$

2,104.1

$

2,600.5



















Equity

$

3,162.1

$

2,716.0



















New days supply (industry standard of selling days)



 52 days



 60 days



















Used days supply (trailing calendar month days)



 39 days



 42 days















































































































Key Credit Agreement Covenant Compliance Calculations(2)

























































Leverage ratio







 2.24x



















Covenant

less than or equal to



 3.75x

















































Capitalization ratio







54.5%



















Covenant

less than or equal to



70.0%















































































(1)

Includes accrued construction in progress and excludes property associated with leases entered into during the period



















(2)

Calculated in accordance with our credit agreement as filed with the SEC

















 

 

 AUTONATION, INC. 

 UNAUDITED SAME STORE DATA 

 ($ in millions, except per vehicle data) 

















































































Operating Highlights



Three Months Ended December 31,



 Twelve Months Ended December 31, 









2019



2018



$ Variance



% Variance



2019



2018



$ Variance



% Variance

Revenue:





































New vehicle

$

2,993.4

$

2,993.4

$

-



-

$

10,908.4

$

11,366.8

$

(458.4)



(4.0)





  Retail used vehicle



1,251.4



1,113.1



138.3



12.4



5,040.6



4,649.3



391.3



8.4





  Wholesale



78.8



69.2



9.6



13.9



299.3



306.4



(7.1)



(2.3)





Used vehicle



1,330.2



1,182.3



147.9



12.5



5,339.9



4,955.7



384.2



7.8





Finance and insurance, net



262.7



240.1



22.6



9.4



1,004.5



953.7



50.8



5.3



Total variable operations



4,586.3



4,415.8



170.5



3.9



17,252.8



17,276.2



(23.4)



(0.1)



Parts and service



881.5



846.9



34.6



4.1



3,479.6



3,335.0



144.6



4.3



Other



22.2



19.2



3.0







105.2



108.4



(3.2)





Total revenue

$

5,490.0

$

5,281.9

$

208.1



3.9

$

20,837.6

$

20,719.6

$

118.0



0.6













































































Gross profit:





































New vehicle

$

135.9

$

134.1

$

1.8



1.3

$

494.7

$

506.9

$

(12.2)



(2.4)





  Retail used vehicle



84.0



70.0



14.0



20.0



341.8



320.2



21.6



6.7





  Wholesale



4.1



2.7



1.4







20.8



14.6



6.2









Used vehicle



88.1



72.7



15.4



21.2



362.6



334.8



27.8



8.3





Finance and insurance



262.7



240.1



22.6



9.4



1,004.5



953.7



50.8



5.3



Total variable operations



486.7



446.9



39.8



8.9



1,861.8



1,795.4



66.4



3.7



Parts and service



398.4



382.4



16.0



4.2



1,580.2



1,503.8



76.4



5.1



Other



1.3



0.7



0.6







5.3



3.0



2.3





Total gross profit

$

886.4

$

830.0

$

56.4



6.8

$

3,447.3

$

3,302.2

$

145.1



4.4







































Retail vehicle unit sales:





































New 



73,613



75,943



(2,330)



(3.1)



275,808



298,468



(22,660)



(7.6)





Used



58,467



53,226



5,241



9.8



239,996



228,093



11,903



5.2









132,080



129,169



2,911



2.3



515,804



526,561



(10,757)



(2.0)







































Revenue per vehicle retailed:





































New 

$

40,664

$

39,416

$

1,248



3.2

$

39,551

$

38,084

$

1,467



3.9





Used

$

21,404

$

20,913

$

491



2.3

$

21,003

$

20,383

$

620



3.0







































Gross profit per vehicle retailed:





































New 

$

1,846

$

1,766

$

80



4.5

$

1,794

$

1,698

$

96



5.7





Used

$

1,437

$

1,315

$

122



9.3

$

1,424

$

1,404

$

20



1.4





Finance and insurance

$

1,989

$

1,859

$

130



7.0

$

1,947

$

1,811

$

136



7.5





Total variable operations(1)

$

3,654

$

3,439

$

215



6.3

$

3,569

$

3,382

$

187



5.5

















































































Operating Percentages



 Three Months Ended December 31, 



 Twelve Months Ended December 31, 

























2019 (%)



2018 (%)



2019 (%)



2018 (%)























































Revenue mix percentages:





































New vehicle



54.5



56.7



52.3



54.9





















Used vehicle



24.2



22.4



25.6



23.9





















Parts and service



16.1



16.0



16.7



16.1





















Finance and insurance, net



4.8



4.5



4.8



4.6





















Other



0.4



0.4



0.6



0.5

























100.0



100.0



100.0



100.0























































Gross profit mix percentages:





































New vehicle



15.3



16.2



14.4



15.4





















Used vehicle



9.9



8.8



10.5



10.1





















Parts and service



44.9



46.1



45.8



45.5





















Finance and insurance



29.6



28.9



29.1



28.9





















Other



0.3



-



0.2



0.1

























100.0



100.0



100.0



100.0























































Operating items as a percentage of revenue:





































Gross profit:





































   New vehicle



4.5



4.5



4.5



4.5





















   Used vehicle - retail



6.7



6.3



6.8



6.9





















   Parts and service



45.2



45.2



45.4



45.1





















   Total



16.1



15.7



16.5



15.9























































(1)



Total variable operations gross profit per vehicle retailed is calculated by dividing the sum of new vehicle, retail used vehicle, and finance and insurance gross profit by total retail vehicle unit sales.

















AutoNation Logo (PRNewsfoto/AutoNation, Inc.)

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/autonation-reports-all-time-record-quarterly-and-full-year-eps-from-continuing-operations-301002186.html

SOURCE AutoNation, Inc.

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