Jul. 25 at 12:56 PM
$SPX $AN AutoNation Beats Q2 Estimates as Higher Car Prices Boost Sales
AutoNation stock rose 1.5% premarket Friday after beating Q2 profit and revenue estimates. Revenue jumped 8% to
$6.97B (vs.
$6.86B est.), driven by higher new vehicle sales and prices. Adjusted EPS came in at
$5.46, topping the
$4.70 consensus.
Despite a 34% drop in net income to
$86.4M (
$2.26/share), AN cited stronger market share and a 40bps rise in gross margin. Same-store sales rose $ 521M to
$6.9B, with new-vehicle units up to 65,334 from 60,608 YoY.
By segment:
New vehicles: +9% to
$3.4B
Used vehicles: +4% to $ 2B
After-sales: +12% to
$1.2B
Financial services: +13% to $ 363M
Tariff concerns and economic slowdown risks remain, though used-car prices rose as buyers avoided tariff-exposed new vehicles. AN is up 17.9% YTD vs. SPX +8.2%.
