Overview
- AutoNation, which reported results Friday, posted first-quarter revenue of $6.6 billion, GAAP EPS of $5.85, and adjusted EPS of $4.69 for a fifth straight year-over-year increase.
- Gross profit fell 1% and operating income declined 6% as vehicle unit sales eased in a softer new-car market.
- After-sales service and Customer Financial Services set records for gross profit and per‑unit profitability, helped by owners keeping cars longer and spending on maintenance.
- AutoNation Finance expanded to a $2.4 billion loan portfolio after a $749.2 million asset‑backed bond sale in January that raised funding at a 4.25% fixed rate.
- Management emphasized financial flexibility, repurchasing 1.5 million shares in the quarter with $1.6 billion of liquidity on hand, and removed its 2026 outlook given macro and geopolitical uncertainty.