NYSE$AN

AutoNation · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

AutoNation reported record quarterly EPS and revenue driven by strong used vehicle sales and gross profit per vehicle.

AutoNation reported record fourth-quarter results, with EPS of $5.87, up 239% year-over-year, and adjusted EPS of $5.76, up 137% year-over-year. Revenue for the quarter was $6.6 billion, an increase of 14% driven by a 55% increase in used vehicle revenue.

  • Record fourth quarter GAAP EPS of $5.87, up 239% year-over-year.
  • Adjusted EPS was $5.76, an increase of 137% year-over-year.
  • Revenue was $6.6 billion, an increase of 14% year-over-year.
  • Used vehicle revenue increased 55% year-over-year.

Headline financials

Total Revenue

$6.58B

Previous: $5.79B+13.8%
EPS (adj)

$5.76

Previous: $2.43+137.0%
New Vehicle Retail Unit Sales

57.6K

No prior period
Used Vehicle Retail Unit Sales

74.4K

No prior period
Gross Profit per New Vehicle Retailed

$6.45K

Previous: $2.78K+132.4%
Gross Profit per Used Vehicle Retailed

$2.06K

Previous: $1.57K+31.8%
F&I Gross Profit per Vehicle

$2.68K

Previous: $2.21K+21.2%
Capital Expenditures

$54.4M

Previous: $42.9M+26.8%
Free Cash Flow

$14.1M

Previous: $400K+3425.0%
Net Income

$387M

Previous: $152M+155.5%
Operating Income

$532M

Previous: $309M+72.1%
Gross Profit

$1.32B

Previous: $987M+33.9%
Cash & Equivalents

$60.4M

Previous: $570M-89.4%
Total Assets

$1.85B

Previous: $2.6B-28.9%
Stock-Based Comp

$3.4M

Previous: $7.3M-53.4%

Revenue & EPS history

AutoNation · Revenue · Quarterly

$6.58B

Q4 2021+13.8%vs Q4 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

AutoNation · $6.58B total across 5 segments · Q4 2021

  • New vehicle
    $2.92B-6.7%
  • Used vehicle
    $2.34B+55.1%
  • Parts and service
    $961M+14.6%
  • Finance and insurance, net
    $354M+19.5%
  • Other
    $6.7M-46.8%

Forward guidance

AutoNation expects consumer demand for personal vehicle ownership to remain strong for the foreseeable future and is accelerating its self-sustaining used vehicle business to meet this demand.

Tailwinds

  • Consumer demand for personal vehicle ownership expected to remain strong.
  • Accelerating self-sustaining used vehicle business.
  • Expanding used vehicle retail business.
  • Leveraging existing capabilities and AutoNation USA growth plan.
  • Differentiating the Company in the used vehicle market.

Headwinds

  • Supply chain disruptions and inventory availability.
  • Economic conditions, including changes in unemployment, interest, and/or inflation rates.
  • New and used vehicle margins.
  • Response by federal, state, and local governments and other parties to, and the economic impacts of, the COVID-19 pandemic.
  • Natural disasters and other adverse weather events.

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 2021

Historical avgQ4 2021

+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%

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