AutoNation (AN) Beats Q1 Earnings Estimates, Boosts Buyback
ANAutoNation(AN) Zacks Investment Research·2024-04-30 00:55

AutoNation, Inc. (AN) reported first-quarter 2024 adjusted earnings of 4.49pershare,whichdecreased25.74.49 per share, which decreased 25.7% year over year but topped the Zacks Consensus Estimate of 4.45. This outperformance can be primarily attributed to higher-than-expected gross profit from the sale of new vehicles and wholesale used vehicles. In the reported quarter, revenues amounted to 6.48billion,fallingshortoftheZacksConsensusEstimateof6.48 billion, falling short of the Zacks Consensus Estimate of 6.49 billion but increasing from $6.39 billion in the first quarter of 2023. Key T ...