AutoNation (AN) reports lower-than-expected second-quarter results, wherein earnings decline year over year.
Investors have grown worried about the current state of the United States economy, especially now that the ISM Manufacturing PMI index has delivered a 21-month contraction. A reading of 46.8% for July makes it the worst reading in nearly two years.
AutoNation, Inc. (NYSE:AN ) Q2 2024 Results Conference Call July 31, 2024 9:00 AM ET Company Participants Derek Fiebig - Vice President of Investor Relations Michael Manley - Chief Executive Officer Thomas Szlosek - Chief Financial Officer Conference Call Participants John Murphy - Bank of America Rajat Gupta - JPMorgan Douglas Dutton - Evercore Bret Jordan - Jefferies Danielle Hogan - Morgan Stanley Operator Good morning. Thank you for attending the AutoNation 2Q '24 Earnings Call.
While the top- and bottom-line numbers for AutoNation (AN) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
AutoNation (AN) came out with quarterly earnings of $3.99 per share, missing the Zacks Consensus Estimate of $4.31 per share. This compares to earnings of $6.29 per share a year ago.
The auto sector's second-quarter earnings are projected to decline 10.4% year over year. Let's examine how OSK, CVNA, BWA, AN and PAG are positioned ahead of their quarterly releases.
AutoNation is a major automotive retail company in the US, generating revenue from vehicle sales, parts, services, and finance products. Recent financial results show mixed performance, with revenue holding steady but net income and cash flow declining. Despite challenges, the company is expected to report improved adjusted earnings for the second quarter of 2024, potentially driving additional upside for shareholders.
AutoNation (AN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
AutoNation stock presents with exceptional economic characteristics despite trading at
AutoNation's (AN) overall financial condition seems to be immune to the recent cyberattack on software provider CDK Global.
AutoNation disclosed on Monday its bottom line for the second quarter will show a negative impact from CDK Global's recent widespread software outage.
AutoNation (AN) has cut its quarterly earnings guidance in the wake of a cyberattack on software provider CDK Global last month, the company said Monday in Securities and Exchange Commission (SEC) filing.