Market Updates
AutoNation Net Jumps After Gross Margin on New Vehicle Doubles to $6,112
Scott Peters
21 Apr, 2022
New York City
AutoNation said first quarter 2022 revenues increased 14% to $6.8 billion, net income surged 51% to $362.1 million, and earnings per share increased 103% to $5.78 from $2.85 a year ago.
New vehicle unit sales in the quarter declined 19% to 56,442 and used vehicle sales rose 11% to 79,763.
Used vehicles sales in the quarter rose 47% from a year ago but new vehicle sales declined 6% from a year ago. New vehicle gross profit more than doubled to $6,112 from $3,373 a year ago and used vehicle gross profit declined 10% in the same period to $1,566.
During the quarter, the auto retailer repurchased 3.5 million shares for $381 million and repurchased a total of 4.8 million shares for $581 million in the year-to-date as of April 19, 2022.
Annual Returns
| Company | Ticker | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|
Earnings
| Company | Ticker | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|