AutoNation reports Q3 adjusted EPS $5.54, consensus $5.49

Reports Q3 revenue $6.89B, consensus $6.72B. Reports Q3 new vehicle retail unit sales 62,289. Reports Q3 used vehicle retail unit sales 72,517. “During the quarter, we saw double digit year-over-year growth in new vehicle sales and strong sequential growth in used vehicle volume. This resulted in the first year-over-year growth in total unit sales in eight quarters. We also continue to see the significant benefits of the focus in our After-Sales business, which delivered record revenue and gross profit. Overall, AutoNation delivered a solid performance in this evolving operating environment. Additionally, we continued our investments in growth initiatives and deployed capital to create value for our shareholders,” said Mike Manley, AutoNation’s CEO.