AutoNation reports Q4 adjusted EPS $5.02, consensus $4.95

Reports Q4 revenue $6.77B, consensus $6.7B. “Our results demonstrate the strength of our business model. We enjoyed excellent new vehicle unit sales and competed well in a dynamic used vehicle market, which together provided a platform from which we delivered outstanding customer financial services performance and superior after-sales growth. This performance was underpinned by our Associates’ focus on delivering an outstanding customer experience,” said Mike Manley, AutoNation’s CEO. “While 2024 will reflect a continued normalization of vehicle supply and demand dynamics, we are excited to move forward, confident in our strong balance sheet, and laser-focused on executing our operating plan. We will continue to be a strong cash generator and allocate capital in a prudent manner to maximize shareholder returns.”