Overview

* AutoNation ( AN ) Q3 revenue up 7% to $7 bln, beating analyst expectations

* Adjusted EPS for Q3 rises 25% to $5.01, surpassing analyst estimates

* Company reports record profits in After-Sales and Customer Financial Services

Outlook

* AutoNation ( AN ) highlights strong cash flow and strategic capital deployments for shareholder returns

* Company emphasizes multiple revenue streams and flexible cost structure for future strength

Result Drivers

* RECORD AFTER-SALES PROFITS - Co reports record After-Sales gross profit of $597 mln, up 7% with a gross margin increase of 100bps

* CFS GROWTH - Record Customer Financial Services gross profit of $375 mln, up 12%

* FINANCE SCALING - AutoNation Finance scaled its portfolio to over $2 bln, improving profitability

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $7.03 $6.85

Revenue bln bln (9

Analysts

)

Q3 Beat $5.01 $4.82

Adjusted (10

EPS Analysts

)

Q3 EPS $5.65

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the auto vehicles, parts & service retailers peer group is "buy"

* Wall Street's median 12-month price target for AutoNation Inc ( AN ) is $220.00, about 0.6% above its October 21 closing price of $218.70

* The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)