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)
Copyright (c) 2026 Dow Jones & Company, Inc.
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