AN Earnings Prediction
The chart below shows how AN performed 10 days before and after its earnings report, based on data from the past quarters. Typically, AN sees a -1.33% change in stock price 10 days leading up to the earnings, and a -0.70% change 10 days following the report. On the earnings day itself, the stock moves by -0.08%. This data can give you a slight idea of what to expect for the next quarter's release.
AN Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
6.59B
-4.45%
1.63%
Gross Margin
17.03%
-5.23%
0.06%
Operating Margin
5.44%
-10.67%
28.30%
Net Margin
2.82%
-20.34%
40.30%
EPS
4.61
-16.79%
44.06%
No Data Available
AN Earnings Analysis
AutoNation, Inc. Corporation (AN.N) Earnings Conference Call
Positive
Market Share Increase: In New Vehicles sales, we increased our market share, unlocking all the flow-through benefits generated by a New Vehicles sale and delivering a welcome reversal of the share performance we experienced at the end of June as a result of our system's outage.
After-Sales Team Success: The After-Sales team continued to deliver great growth and achieve an all-time record gross profit.
Quarterly Revenue Decline: Our total revenue for the quarter was $6.6 billion, a decrease of 4% from a year ago, but this was expected as our Used Vehicle unit sales declined and selling prices on both new and Used Vehicles moderated since last year.
Gross Profit Analysis: Gross profit of $1.2 billion increased 2% on a sequential basis led by CFS and After-Sales growth, but was down from 2023, primarily relating to normalization of New Vehicle PVRs.
Stable Adjusted Net Income: Adjusted net income was stable from the second quarter at just under 5% of revenue.
Negative
Quarterly Revenue Decline: Total revenue for the quarter was $6.6 billion, a decrease of 4% from a year ago.
Vehicle Sales Decline: Our used vehicle unit sales declined and selling prices on both new and used vehicles moderated since last year.
Gross Profit Analysis: Gross profit of $1.2 billion increased 2% on a sequential basis led by CFS and After-Sales growth, but was down from 2023, primarily relating to normalization of New Vehicle PVRs.
Increased Floor Plan Interest Expense: The third quarter floor plan interest expense of $61 million was up $22 million from a year ago, as expected, a reflection of higher inventory levels.
Adjusted Net Income Decline: Adjusted net income was $162 million compared to $244 million a year ago.
AN FAQs
How does AN typically perform around its earnings report dates?
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AN Earning Call Sentiment
AutoNation, Inc. (AN) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
AN.N
-2.34%Positive
The earnings call shows mixed signals. Financial performance is stable with some growth in gross profit and after-sales, but challenges remain with declining used vehicle sales and increased floorplan interest expenses. Positive elements include potential growth in new vehicle sales and AN Finance. The Q&A reveals cautious optimism and some uncertainties, such as the impact of storms and CDK issues. Overall, the sentiment is balanced, leading to a neutral stock price prediction over the next two weeks.
