AutoNation: Fourth Quarter Earnings Overview

AutoNation Reports Fourth-Quarter Earnings

AutoNation Inc., headquartered in Fort Lauderdale, Florida, announced a net income of $172.1 million for the fourth quarter.

The company reported earnings of $4.70 per share, with adjusted earnings—excluding certain one-time items—coming in at $5.08 per share.

These adjusted earnings surpassed analyst expectations, as a consensus of five analysts polled by Zacks Investment Research had projected $4.91 per share.

During the quarter, AutoNation generated $6.93 billion in revenue, which was below the $7.14 billion anticipated by analysts surveyed by Zacks.

Since the start of the year, AutoNation’s stock price has dipped by 1%, mirroring a similar decline in the S&P 500 index. Over the past year, however, the company’s shares have risen by approximately 5%.

Report compiled by Automated Insights using data from Zacks Investment Research.