NYSE$AN
AutoNation · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
AutoNation reported all-time record results driven by strong gross profit growth and expense control.
AutoNation reported record third-quarter earnings with adjusted EPS of $2.38, a 102% increase year-over-year. The company's focus on digital capabilities and expense control contributed to significant SG&A leverage.
- EPS from continuing operations was $2.05, compared to $1.11 in the prior year.
- Adjusted EPS from continuing operations was an all-time record $2.38, up 102% compared to the prior year.
- Same-store Total Variable gross profit per vehicle retailed was up $966, a 28% increase year-over-year.
- Adjusted SG&A as a percentage of gross profit improved by 800 basis points compared to the prior year, reaching 64.4%.
Headline financials
Revenue & EPS history
AutoNation · Revenue · Quarterly
$5.4B
Revenue by segment
AutoNation · $5.4B total across 5 segments · Q3 2020
- New vehicle$2.75B-4.4%50.9%
- Used vehicle$1.52B+8.1%28.1%
- Parts and service$853M-5.5%15.8%
- Finance and insurance, net$281M+5.6%5.2%
- Other$5.6M-61.9%0.1%
Forward guidance
AutoNation plans to build over 100 AutoNation USA pre-owned vehicle stores, with over 50 completed by the end of 2025. The company plans to open five new AutoNation USA stores by the end of 2021 and has set the long-term goal of retailing over 1 million combined new and used vehicle units per year.
Tailwinds
- Expanding AutoNation USA pre-owned vehicle stores to over 100 locations.
- Completing over 50 AutoNation USA stores by the end of 2025.
- Extending AutoNation’s coast-to-coast footprint into new markets.
- Opening five new AutoNation USA stores by the end of 2021.
- Aiming to retail over 1 million combined new and used vehicle units per year.
Headwinds
- Response by federal, state, and local governments and other third parties to, and the economic impacts of, the COVID-19 pandemic
- Supply chain disruptions
- Changes in consumer demand, unemployment rates, interest rates, fuel prices, and tariffs
- New and used vehicle margins
- Ability to successfully implement and maintain expense controls
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2020
+0.4%
Avg return
Earnings day
-0.5%
Avg return
5 days after
-0.9%
Avg return
30 days after
49%
33 / 68 earnings
Positive
+16.1%
Q2 2019
Best reaction
-15.1%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.2% | -3.6% | -11.7% | |
| Q4 2025 | +6.2% | +1.9% | -5.5% | |
| Q3 2025 | -3.6% | -8.9% | -4.4% | |
| Q1 2025 | +1.0% | +0.5% | +5.1% | |
| Q4 2024 | +1.3% | +0.0% | -18.7% | |
| Q3 2024 | -3.2% | -2.5% | +5.7% | |
| Q2 2024 | +2.5% | -7.4% | -0.8% | |
| Q1 2024 | +3.1% | +1.5% | +5.8% | |
| Q4 2023 | -6.3% | -7.2% | +0.9% | |
| Q3 2023 | -0.9% | +1.9% | +3.6% | |
| Q2 2023 | -15.1% | -11.8% | -10.7% | |
| Q1 2023 | -2.2% | -5.3% | -2.3% | |
| Q4 2022 | +1.5% | +1.8% | -10.4% | |
| Q3 2022 | +3.6% | +9.1% | +17.4% | |
| Q2 2022 | -4.2% | -9.1% | +2.8% | |
| Q1 2022 | +0.7% | +10.0% | +2.6% | |
| Q4 2021 | -1.2% | -5.2% | +6.6% | |
| Q3 2021 | +11.6% | +7.2% | +0.8% | |
| Q2 2021 | +11.3% | +13.8% | +10.8% | |
| Q1 2021 | -2.1% | +4.6% | +1.0% | |
| Q4 2020 | +0.8% | +0.4% | +15.1% | |
| Q3 2020 | -1.2% | -3.2% | -4.1% | |
| Q2 2020 | +12.0% | +11.7% | +18.9% | |
| Q1 2020 | -4.0% | -6.8% | +6.3% | |
| Q4 2019 | +9.1% | +8.6% | -24.9% | |
| Q3 2019 | -0.4% | -0.1% | +0.4% | |
| Q2 2019 | +16.1% | +16.6% | +13.3% | |
| Q1 2019 | +7.0% | +3.8% | +0.5% | |
| Q4 2018 | -6.8% | -9.5% | -12.5% | |
| Q3 2018 | -4.0% | -3.5% | -11.9% | |
| Q2 2018 | -4.5% | -1.5% | -6.6% | |
| Q1 2018 | +2.1% | +2.7% | -1.1% | |
| Q4 2017 | -5.0% | -9.6% | -17.5% | |
| Q3 2017 | +12.8% | +11.2% | +15.6% | |
| Q2 2017 | -7.7% | -3.9% | +8.5% | |
| Q1 2017 | -2.1% | -4.7% | -11.7% | |
| Q4 2016 | -6.4% | -8.0% | -11.5% | |
| Q3 2016 | -4.7% | -8.9% | -2.7% | |
| Q2 2016 | -0.6% | -5.5% | -8.7% | |
| Q1 2016 | +3.1% | — | — | |
| Q4 2015 | -1.8% | — | — | |
| Q3 2015 | +2.3% | — | — | |
| Q2 2015 | -3.6% | — | — | |
| Q1 2015 | +0.1% | — | — | |
| Q4 2014 | +5.8% | — | — | |
| Q3 2014 | +7.3% | — | — | |
| Q2 2014 | -5.6% | — | — | |
| Q1 2014 | +1.6% | — | — | |
| Q4 2013 | +5.1% | — | — | |
| Q3 2013 | +1.2% | — | — | |
| Q2 2013 | -1.6% | — | — | |
| Q1 2013 | +3.2% | — | — | |
| Q4 2012 | +6.3% | — | — | |
| Q3 2012 | -7.1% | — | — | |
| Q2 2012 | -6.5% | — | — | |
| Q1 2012 | +3.9% | — | — | |
| Q4 2011 | -2.7% | — | — | |
| Q3 2011 | +7.5% | — | — | |
| Q2 2011 | +8.3% | — | — | |
| Q1 2010 | -3.3% | — | — | |
| Q1 2011 | -0.3% | — | — | |
| Q4 2010 | +3.7% | — | — | |
| Q4 2008 | +3.7% | — | — | |
| Q3 2010 | -6.4% | — | — | |
| Q3 2009 | -6.4% | — | — | |
| Q2 2010 | -1.7% | — | — | |
| Q2 2009 | -1.7% | — | — | |
| Q4 2009 | -1.7% | — | — |
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