AutoNation reports Q2 adjusted EPS $6.29, consensus $5.90

Reports Q2 revenue $6.89B, consensus $6.74B. “The strong performance during the quarter reflects the continued resiliency of our operations and the benefits of our diversified business model. Our dedicated team of associates consistently delivered an exceptional experience for our customers, and their efforts were acknowledged by J.D. Power with a record-breaking 143 dealerships being certified for excellent customer service. Our After-Sales team once again delivered double-digit gross profit growth, our customer financial services revenue per unit was a record high, and we effectively managed costs despite lower unit volumes. In addition, the strength of our balance sheet and robust cash flow enabled continued funding of investments and acquisitions while also returning significant capital to shareholders,” said Mike Manley, AutoNation’s CEO.