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Active-Investors: Free Post Earnings Research Report: AutoNation's Quarterly Revenue Grew 4%; EPS Soared 44%

Stock Monitor: Lithia Motors Post Earnings Reporting

LONDON, UK / ACCESSWIRE / February 23, 2018 / Active-Investors.com has just released a free earnings report on AutoNation, Inc. (NYSE: AN). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/'symbol=AN. AutoNation reported its fourth quarter and fiscal 2017 operating and financial results on February 01, 2018. America's largest auto retail chain topped earnings and revenue estimates. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for Lithia Motors, Inc. (NYSE: LAD), which also belongs to the Services sector as the Company AutoNation. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/'symbol=LAD

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, AutoNation most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/'symbol=AN

Earnings Highlights and Summary

AutoNation's total revenue came in at $5.7 billion for Q4 2017 compared to $5.5 billion in Q4 2016. The Company's same store revenue totaled $5.6 billion for the reported quarter compared to $5.4 billion in the year-ago same period. AutoNation's total revenue beat analysts' estimates of $5.56 billion.

During Q4 2017, AutoNation's same store gross profit grew 7% to $851 million compared to $794 million in Q4 2016, driven by increases in used vehicle gross profit of 16%, Customer Financial Services gross profit of 14%, and Customer Care gross profit of 6%. The Company's same store Customer Financial Services' gross profit per vehicle retailed was an all-time record $1,732, reflecting an increase of 11% on a y-o-y basis.

AutoNation reported net income from continuing operations of $152 million, or $1.64 per share, in Q4 2017 up 44% compared to net income from continuing operations of $116 million, or $1.14 per share, in Q4 2016. The Company's reported quarter earnings included a benefit of $0.45 per share from the recent tax reform bill and a net gain of $0.17 per share related to business/property divestitures. AutoNation's Q4 2016 earnings from continuing operations included gains of $0.19 per share related to a business divestiture and $0.09 per share related to a legal settlement. On an adjusted basis, the Company posted earnings of $1.02 per share, ahead of Wall Street's estimates of $0.92 per share.

For the full year (FY) ended December 31, 2017, AutoNation reported revenue of $21.5 billion, down slightly compared to $21.6 billion for FY16. The Company's net income from continuing operations was $435 million, or $4.43 per share, for FY17 compared to net income from continuing operations of $432 million, or $4.16 per share, for FY16, reflecting an increase of 6% on a per-share basis.

AutoNation's Segment Results

During Q4 2017, the Domestic segment's revenue totaled $1.90 billion compared to $1.92 billion in Q4 2016. The segment's income was $67 million for the reported quarter versus the segment's income of $64 million in the year ago comparable period, reflecting an increase of 4% on a y-o-y basis.

For Q4 2017, the Import segment generated revenue of $1.75 billion, up 3.9% compared to revenue of $1.68 billion in Q4 2016. The segment's reported quarter income was $75 million compared to the segment's income of $67 million in the year ago same period, reflecting an increase of 13% on a y-o-y basis.

The Premium Luxury segment recorded revenues of $1.94 billion in Q4 2017 compared to $1.80 billion in Q4 2016. The segment reported income of $106 million for the reported quarter compared to the segment's income of $93 million in the year earlier corresponding quarter, representing growth of 13% on a y-o-y basis.

Operating Details

During Q4 2017, AutoNation's gross profit for variable operations was $476 million, up 8% on a y-o-y basis. Same-store total variable growth was $3,380 on a per vehicle retail basis, an increase of $125, or 4%, compared to the year ago corresponding period.

For Q4 2017, AutoNation's retail vehicle unit volume grew 3% on a y-o-y basis. Used vehicle gross profit was $74 million, up 16% on a y-o-y basis. The Company's used vehicles retail grew 2% to $54,600, and retail used vehicle gross profit was $1,353 on a per vehicle retail basis.

AutoNation's new vehicle gross profit was $158 million in Q4 2017, down 3% on a y-o-y basis. The Company retailed 86,100 new vehicles in the reported quarter, an increase of 4% compared to the industry which saw a 3% decline compared to the year ago same period. New vehicle gross profit was $1,836 on a per vehicle retail basis, down 7%.

Share Repurchase

During FY17, AutoNation repurchased 10.1 million shares of common stock for an aggregate purchase price of $435 million. As of January 31, 2018, the Company had approximately $114 million remaining Board authorization for share repurchase and 92 million shares outstanding.

Stock Performance Snapshot

February 22, 2018 - At Thursday's closing bell, AutoNation's stock marginally climbed 0.19%, ending the trading session at $51.84.

Volume traded for the day: 638.38 thousand shares.

Stock performance in the previous six-month period - up 21.26%; past twelve-month period - up 8.75%; and year-to-date - up 0.99%

After yesterday's close, AutoNation's market cap was at $4.68 billion.

Price to Earnings (P/E) ratio was at 12.87.

The stock is part of the Services sector, categorized under the Auto Dealerships industry. This sector was up 0.1% at the end of the session.

Active-Investors:

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A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the 'Author') and is fact checked and reviewed by a third-party research service company (the 'Reviewer') represented by a credentialed financial analyst. For further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the 'Sponsor'), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

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A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

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SOURCE: Active-Investors

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