AutoNation第四季度业绩超预期,销售额增长7%但利润率受挫

财报速递
11 Feb
AutoNation公司(纽约证券交易所代码:AN)报告其第四季度销售额同比增长7%,达到72.1亿美元,超过分析师一致预期值的68.0亿美元。新车销售增长13%,二手车收入基本持平。国内板块收入下降9%,进口下降12%,高端豪华板块增长6%。 总利润同比增长2%至12.4亿美元,但总利润率同比收缩80个基点,至17.2%。售后业务总利润增长5%,达到5.56亿美元。季度营业利润率下降至4.7%,营业收入为3.395亿美元,同比下降2.9%。 调整后每股收益(EPS)为4.97美元,高于分析师一致预期的4.26美元。2024财年调整后运营现金流达11亿美元,调整后自由现金流为7.5亿美元。截至2024年12月31日,现金及等价物总额为5980万美元。 2024财年,AutoNation回购了290万股股票,占年初已发行股份的7%,回购总价为4.6亿美元,平均每股161美元。 公司首席执行官Mike Manley表示:“本季度的表现反映了AutoNation业务模式和运营的强劲。我们实现了新车销量两位数的增长,在我们服务的市场中扩大了份额,同时显著增加了二手车、客户金融服务以及售后业务的总利润。” 周二交易中,AN股票下跌1.21%,报190.30美元。

以上内容来自Benzinga Earnings专栏,原文如下:

AutoNation Inc (NYSE:AN) reported fourth-quarter sales growth of 7% year-on-year to $7.21 billion, beating the analyst consensus estimate of $6.80 billion.

New vehicle sales increased 13%, and used vehicle revenue remained relatively flat. Segment income from Domestic fell 9%, Import dropped 12%, and Premium Luxury increased 6%.

Gross profit increased 2% Y/Y to $1.24 billion, and the gross profit margin contracted 80 basis points Y/Y to 17.2%. After-sales gross profit increased 5% to $556 million.

Operating margin for the quarter compressed to 4.7% and the operating income was $339.5 million, a 2.9% decrease from the prior year.

Adjusted EPS of $4.97 beat the analyst consensus estimate of $4.26.

Adjusted operating cash flow for FY24 totaled $1.1 billion with an adjusted free cash flow of $750 million. Cash and equivalents totaled $59.8 million as of December 31, 2024.

For the full year 2024, AutoNation repurchased 2.9 million shares, or 7% of its shares outstanding at the beginning of the year, for an aggregate purchase price of $460 million, or $161 per share.

“Our fourth quarter performance reflects the strength of AutoNation’s business model and operations. We achieved double-digit new vehicle unit growth, gaining share in the markets we serve, while also meaningfully increasing used vehicle, Customer Financial Services, and After-Sales gross profit,” said CEO Mike Manley.

Price Action: AN shares are trading lower by 1.21% at $190.30 at the last check Tuesday.

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