AutoNation Stock Falls 3.7% Since Q3 Earnings Miss Estimates

Zacks2024-10-30

Shares of AutoNation, Inc. AN fell 3.7% since the company reported third-quarter 2024 results. It reported adjusted earnings of $4.02 per share, which decreased 27% year over year and missed the Zacks...

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It reported adjusted earnings of $4.02 per share, which decreased 27% year over year and missed the Zacks...</p>\n\n<a href=\"https://finance.yahoo.com/news/autonation-stock-falls-3-7-151900736.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AutoNation Stock Falls 3.7% Since Q3 Earnings Miss Estimates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAutoNation Stock Falls 3.7% Since Q3 Earnings Miss Estimates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-30 23:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/autonation-stock-falls-3-7-151900736.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of AutoNation, Inc. AN fell 3.7% since the company reported third-quarter 2024 results. It reported adjusted earnings of $4.02 per share, which decreased 27% year over year and missed the Zacks...</p>\n\n<a href=\"https://finance.yahoo.com/news/autonation-stock-falls-3-7-151900736.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://finance.yahoo.com/news/autonation-stock-falls-3-7-151900736.html","article_id":"2479973221","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/X_euDzthAcf7WITt5UHDFA--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/f2379c2f4e1e4eff110d859976995524"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2479973221","pubTimestamp":1730301540,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Shares of AutoNation, Inc. AN fell 3.7% since the company reported third-quarter 2024 results. It reported adjusted earnings of $4.02 per share, which decreased 27% year over year and missed the Zacks Consensus Estimate of $4.48.In the third quarter, revenues amounted to $6.59 billion, which missed the Zacks Consensus Estimate of $6.73 billion and declined from $6.89 billion reported in the third quarter of 2023.Stay up-to-date with the quarterly releases: See Zacks Earnings Calendar.Revenues from the Domestic segment declined 10.9% year over year to $1.77 billion and missed our projection of $1.82 billion. The segment’s income plunged 41.8% to $62.4 million, missing our estimate of $74.4 million.Revenues from the Import segment fell 1.5% from the prior-year quarter to $2.04 billion and missed our forecast of $2.07 billion. The segment’s income contracted 27.6% to $119.2 million and missed our model estimate of $132.9 million. The Premium Luxury segment sales fell 3.6% to $2.43 billion","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"AutoNation股价自第三季度盈利未达预期以来下跌3.7%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AN":1},"content_text":"Shares of AutoNation, Inc. AN fell 3.7% since the company reported third-quarter 2024 results. It reported adjusted earnings of $4.02 per share, which decreased 27% year over year and missed the Zacks Consensus Estimate of $4.48. In the third quarter, revenues amounted to $6.59 billion, which missed the Zacks Consensus Estimate of $6.73 billion and declined from $6.89 billion reported in the third quarter of 2023.Stay up-to-date with the quarterly releases: See Zacks Earnings Calendar.\n\nAutoNation, Inc. Price, Consensus and EPS Surprise\n\nAutoNation, Inc. price-consensus-eps-surprise-chart | AutoNation, Inc. Quote\n\nKey Takeaways\nIn the reported quarter, new vehicle revenues were down 1% year over year to $3.2 billion but topped our estimate of $3.08 billion due to higher-than-expected sales volume and average selling price (ASP). New vehicle retail units sold totaled 62,890 units (up 2% year over year), beating our projection of 61,831 units. The ASP per new vehicle unit retailed was $50,207 (down 1.9% year over year), beating our estimate of $49,781. Gross profit from the segment came in at $176.7 million, declining 29.1% year over year but topping our estimate of $165 million.Retail used-vehicle revenues contracted 15.1% from the year-ago quarter’s figure to $1.7 billion and missed our projection of $1.87 billion due to lower-than-expected sales volume and ASP. Used vehicle retail units sold totaled 64,071 units (down 9.8% year over year), missing our projection of 67,417 units. ASP per used vehicle unit retailed came in at $26,369 (down 5.9% year over year) and lagged our projection of $27,677. Gross profit from the segment came in at $103.8 million, which fell 16.8% but beat our projection of $103 million.Revenues from wholesale used vehicles were up 7.4% to $151.9 million and surpassed our estimate of $146 million. Gross profit rose from $1.4 million to $6.4 million and topped our estimate of $1.7 million. Net revenues in the finance and insurance business amounted to $328.7 million, which decreased 9.9% from the year-ago quarter and missed our projection of $406.3 million. Gross profit was $328.7 million, which decreased 9.9% and missed our estimate of $406.3 million.Revenues from the parts and service business rose 2.6% to $1.15 billion but missed our estimate of $1.28 billion. Gross profit from this segment came in at $550.6 million, which rose 3.3% year over year but missed our estimate of $600.7 million.\nSegmental Details\nRevenues from the Domestic segment declined 10.9% year over year to $1.77 billion and missed our projection of $1.82 billion. The segment’s income plunged 41.8% to $62.4 million, missing our estimate of $74.4 million.Revenues from the Import segment fell 1.5% from the prior-year quarter to $2.04 billion and missed our forecast of $2.07 billion. The segment’s income contracted 27.6% to $119.2 million and missed our model estimate of $132.9 million.  The Premium Luxury segment sales fell 3.6% to $2.43 billion, missing our projection of $2.56 billion. The segmental income declined 19.8% year over year to $154.7 million in the reported quarter and missed our estimate of $174.1 million.\nFinancial Tidbits\nAutoNation’s cash and cash equivalents were $60.2 million as of Sept. 30, 2024. The company’s liquidity was $1.6 billion, including $60 million in cash and nearly $1.5 billion available under its revolving credit facility.The firm’s inventory was valued at $3.53 billion. At the end of the third quarter, non-vehicle debt was $3.93 billion. Capital expenditure in the quarter was $81 million.During the third quarter of 2023, AutoNation repurchased 36,000 shares of common stock for an aggregate purchase price of $6 million. Since the beginning of the year through Oct. 23, the company had bought back 2.2 million shares for $356 million. As of Oct. 23, it had $965 million remaining under its share repurchase program.\nZacks Rank & Key Picks\nAN currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the auto space are REE Automotive Ltd. REE, CytoDyn Inc. CYDY, and BYD Company Limited BYDDY. While REE and CYDY sport a Zacks Rank #1 (Strong Buy) each, BYDDY carries Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for REE’s 2024 earnings suggests year-over-year growth of 64.37%. Earnings per share (EPS) estimates for 2024 and 2025 have improved $2.98 and $2.75, respectively, in the past 60 days.The Zacks Consensus Estimate for CYD’s 2024 sales and earnings suggests year-over-year growth of 19.37% and 43.43%, respectively. EPS estimates for 2024 have improved by 35 cents in the past 60 days.The Zacks Consensus Estimate for BYDDY’s 2024 sales and earnings suggests year-over-year growth of 21.88% and 19.52%, respectively. EPS estimates for 2024 and 2025 have improved by 7 cents and 13 cents, respectively, in the past 30 days.\nWant 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\nAutoNation, Inc. (AN) : Free Stock Analysis Report\nCytoDyn Inc. (CYDY) : Free Stock Analysis Report\nREE Automotive Ltd. (REE) : Free Stock Analysis Report\nByd Co., Ltd. (BYDDY) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.2","shortVersion":"4.30.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2479973221"}