NYSE$AN

AutoNation · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

AutoNation reported record fourth quarter adjusted EPS and increased same store revenue and gross profit.

AutoNation's Q4 2020 results showed a mix of challenges and achievements. While GAAP EPS from continuing operations slightly decreased, the company achieved a record adjusted EPS, driven by same-store revenue and gross profit growth. Strategic investments in digital capabilities and AutoNation USA store expansion are underway, alongside significant share repurchases.

  • GAAP EPS from continuing operations was $1.73, a slight decrease from the prior year, impacted by a non-cash accounting loss related to an equity investment in Vroom.
  • Adjusted EPS from continuing operations reached a record $2.43, a 94% increase compared to the prior year.
  • Same store revenue increased by 5%, and same store gross profit increased by 11% compared to the same period last year.
  • AutoNation is expanding its footprint with new AutoNation USA stores and investing in digital capabilities to enhance customer experience.

Headline financials

Total Revenue

$5.79B

Previous: $5.55B+4.3%
EPS (adj)

$2.43

Previous: $1.31+85.5%
Gross Profit per New Vehicle Retailed

$2.78K

Previous: $1.85K+50.0%
Gross Profit per Used Vehicle Retailed

$1.57K

Previous: $1.43K+9.4%
F&I Gross Profit per Vehicle

$2.21K

Previous: $1.99K+11.1%
Capital Expenditures

$42.9M

Previous: $83M-48.3%
Free Cash Flow

$400K

Previous: $20.7M-98.1%
Net Income

$152M

Previous: $158M-3.9%
Operating Income

$309M

Previous: $236M+31.2%
Gross Profit

$987M

Previous: $896M+10.2%
Cash & Equivalents

$570M

Previous: $42M+1256.2%
Total Assets

$2.6B

Previous: $3.31B-21.4%
Stock-Based Comp

$7.3M

Previous: $3M+143.3%

Revenue & EPS history

AutoNation · Revenue · Quarterly

$5.79B

Q4 2020+4.3%vs Q4 2019
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

AutoNation · $5.79B total across 5 segments · Q4 2020

  • New vehicle
    $3.13B+3.4%
  • Used vehicle
    $1.51B+12.4%
  • Parts and service
    $838M-5.9%
  • Finance and insurance, net
    $296M+11.5%
  • Other
    $12.6M-43.2%

Forward guidance

AutoNation is focused on strategic initiatives including digital capabilities enhancement, AutoNation USA store expansion, and share repurchase program.

Tailwinds

  • Extending footprint with five new AutoNation USA stores by the end of 2021 and 10 additional new stores in 2022.
  • Upgrading AutoNation Express for a seamless omnichannel experience.
  • Empowering customers with digital capabilities and physical stores.
  • Leveraging Customer 360 for personalized experiences.
  • Increased Board authorization for share repurchase by $1 billion.

Headwinds

  • Economic conditions impacting consumer demand.
  • Potential supply chain disruptions.
  • Dependence on vehicle manufacturers' success and programs.
  • Restrictions imposed by vehicle manufacturers.
  • Impact of COVID-19 pandemic.

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 Q4 2020

Historical avgQ4 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

Earnings price reactions
QuarterReport dateReaction (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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro