logo
  Join        Login             Stock Quote

AutoNation (AN) 4Q Earnings Top Estimates, Revenue Jumps

 January 31, 2013 10:06 AM
 


(By Balaseshan) AutoNation Inc. (NYSE: AN) reported better-than-expected quarterly earnings as the automotive retailer benefited from 13% jump in revenue due to stronger retail new vehicle unit sales.

Earnings from continuing operations were $82.9 million or $0.67 per share for the fourth quarter, compared with $69.9 million or $0.50 per share in the comparable period of last year. Adjusted EPS rose 31.4% to $0.67.

Revenue rose 13% to $4.17 billion, increasing across all major business sectors, with retail new vehicle unit sales 17.4%.

Analysts, on average, polled by Thomson Reuters expected earnings of 64 cents per share on revenue of $4.01 billion for the fourth quarter.

[Related -Insider Weekends – May 3, 2013]

Fort Lauderdale, Florida-based AutoNation's Domestic segment is comprised of stores that sell vehicles manufactured by General Motors (NYSE: GM), Ford (NYSE: F), and Chrysler. Its Import unit consists of stores that sell vehicles manufactured primarily by Toyota, Honda, Hyundai and Nissan.

The company's Premium Luxury segment is comprised of stores that sell vehicles manufactured primarily by Mercedes-Benz, BMW, Audi and Lexus.

AN is trading up 3.55% at $46.38 on Thursday. The stock has been trading between $31.57 and $48.56 for the past 52 weeks.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageChipotle Mexican Grill, Inc. (CMG) Q2 Earnings Preview: Will Higher Traffic Offset Higher Costs the Key

Chipotle Mexican Grill, Inc. (NYSE:CMG) will host a conference call to discuss second quarter 2014 read on...

article imageNetflix, Inc. (NFLX) Q2 Earnings Preview: The Ruby Month for a Reason

Netflix, Inc. (NASDAQ:NFLX) will post its second-quarter 2014 financial results and business outlook on its read on...

article imageLadenburg Thalmann Financial Services (NYSEMKT:LTS): Heavy, Durable Insider Buying

Ahh, but any worries over price levels didn’t stop multiple insiders at Ladenburg Thalmann Financial read on...

article imageInternational Business Machines Corp. (IBM) Q2 Earnings Preview: Small Beat and Pop

International Business Machines Corp. (NYSE:IBM) will host a conference call Wednesday, Jul. 16, 2014 at read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center

Related Articles:

2 Buys From Bill Gates' Secret Investment
More Articles on: Retail/Wholesale



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.