Autonation Inc

Latest Results (13.05.2026):

AutoNation, Inc. reported second quarter 2025 results: revenue of $6.97 billion (about $7.0B) up 8% year‑over‑year, GAAP diluted EPS of $2.26 (down 29% YoY) and Adjusted diluted EPS of $5.46 (up 37% YoY). The quarter featured record After‑Sales gross profit, double‑digit growth in Customer Financial Services and After‑Sales, an inaugural $700 million AN Finance asset‑backed securitization, and higher same‑store unit sales across new and used vehicles.

Revenue

Q2 2025 revenue was $6.97 billion (+8% YoY), driven by growth in New Vehicle, Customer Financial Services and After‑Sales. Same‑store revenue rose ~8% to $6.90 billion.

Earnings (GAAP vs. Adjusted)

GAAP diluted EPS was $2.26 (vs. $3.20 a year ago, -29%). Adjusted diluted EPS was $5.46 (vs. $3.99, +37%), with Adjusted EPS excluding after‑tax non‑cash goodwill, franchise rights and other asset impairments of $123 million (≈ $3.21 per share).

After‑Sales and Service

Record After‑Sales gross profit (reported ~ $599 million, ~+12% YoY). Parts & service revenue was ~$1.22 billion (+12%) and After‑Sales gross profit materially supported overall margin expansion.

AutoNation Finance & Securitization

Completed inaugural $700 million AN Finance asset‑backed securitization (weighted‑average fixed rate 4.90%), supporting growth in the loan portfolio (auto loans receivable, net increased ~$695 million) and AutoNation Finance income of $2 million in the quarter.

Gross Profit & Margins

Total gross profit was $1,275 million (+10% YoY). Total gross profit margin was ~18.3% of revenue and SG&A was 67.0% of gross profit (66.2% on an adjusted basis), with adjusted operating income up 16% YoY.

Segment Performance

All franchised segments improved segment income: Domestic $92M (+83%), Import $133M (+23%), Premium Luxury $180M (+27%); total franchised dealerships segment income rose to $405.5M.

Unit Sales

Same‑store retail unit sales increased: new vehicle retail units ~65,334 (+8% YoY) and used retail units ~68,398 (+6% YoY), supporting higher revenue and market share gains.

Capital Allocation, Liquidity & Share Repurchases

As of June 30, 2025 liquidity was ~$1.8 billion (including ~$63 million cash and revolver availability), covenant leverage ratio 2.33x. Year‑to‑date repurchases: 1.5 million shares for ~$254 million (~$164/share); ~$607 million of repurchase authorization remains.

Impairments & One‑time Items

The quarter included non‑cash impairments (goodwill and franchise rights and related items totaling ~$141.3M pre‑tax) which reduced GAAP operating income and EPS; these items are excluded from the company’s adjusted results for comparability.