AutoNation Earnings: Everything You Must Know Now

AutoNation Inc. (NYSE:AN) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

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AutoNation Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 21.43% to $0.68 in the quarter versus EPS of $0.56 in the year-earlier quarter.

Revenue: Rose 12.02% to $4.1 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: AutoNation Inc. reported adjusted EPS income of $0.68 per share. By that measure, the company beat the mean analyst estimate of $0.64. It beat the average revenue estimate of $4.03 billion.

Quoting Management: Mike Jackson, Chairman and Chief Executive Officer, said, “AutoNation delivered solid double-digit growth in operating income, which drove a 21% increase in EPS from continuing operations in the first quarter of 2013, as we increased profitability in each of our business sectors. We continue to expect industry new vehicle sales to be approximately mid-15 million units in 2013.”

Key Stats (on next page)…

Revenue decreased 1.85% from $4.17 billion in the previous quarter. EPS increased 1.49% from $0.67 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.75 to a profit $0.73. For the current year, the average estimate has moved up from a profit of $2.87 to a profit of $2.89 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)