AutoNation 1Q Revenue Falls on Lower New Car Sales

Dow Jones05-01
 

By Katherine Hamilton

 

AutoNation's revenue declined in the first quarter, as new car sales fell.

The car seller on Friday posted a profit of $205.4 million, or $5.85 a share, in the quarter ended March 31, compared with $175.5 million, or $4.45 a share, a year earlier.

Stripping out certain one-time items, adjusted per-share earnings were $4.69, ahead of the $4.51 anticipated by analysts, according to FactSet.

Revenue fell 2.1% to $6.55 billion. Analysts surveyed by FactSet had forecast revenue of $6.65 billion.

Sales growth was weighed down by a 7.3% decline in new vehicle revenue. Meanwhile, used car sales increased 2.2%.

 

Write to Katherine Hamilton at katherine.hamilton@wsj.com

 

(END) Dow Jones Newswires

May 01, 2026 07:15 ET (11:15 GMT)

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