{"id":514299,"date":"2021-07-19T07:01:15","date_gmt":"2021-07-19T11:01:15","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/autonation-reports-all-time-record-quarterly-eps\/"},"modified":"2021-07-19T07:01:15","modified_gmt":"2021-07-19T11:01:15","slug":"autonation-reports-all-time-record-quarterly-eps","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/autonation-reports-all-time-record-quarterly-eps\/","title":{"rendered":"AutoNation Reports All-Time Record Quarterly EPS"},"content":{"rendered":"
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– Second quarter 2021 GAAP EPS from continuing operations was an all-time record $4.83, an increase of 52% compared to second quarter 2020 GAAP EPS from continuing operations of $3.18, and an increase of 243% compared to second quarter 2020 adjusted EPS from continuing operations of $1.41<\/h2>\n

\u00b0 There were no adjustments in the second quarter of 2021<\/h2>\n

– Second quarter 2021 total revenue was an all-time record $7.0 billion; same-store revenue of $7.0 billion increased 54% compared to the same period a year ago and increased 33% compared to the second quarter of 2019<\/h2>\n

– Second quarter 2021 same store gross profit increased 68% compared to the same period a year ago and increased 52% compared to the second quarter of 2019<\/h2>\n

– Second quarter 2021 SG&A as a percentage of gross profit was 56.5%, an improvement of 1,170 basis points compared to adjusted SG&A as a percentage of gross profit of 68.2% in the prior year<\/h2>\n

– During the second quarter of 2021, AutoNation repurchased 7.5 million shares of common stock or 9% of shares outstanding for an aggregate purchase price of $736 million<\/h2>\n

\u00b0 Year-to-date through July 15, 2021, AutoNation repurchased 12.9 million shares of common stock, or 15% of shares outstanding, for an aggregate purchase price of $1.2 billion<\/h2>\n

– AutoNation today announced that the Board of Directors authorized the repurchase of up to an additional $1 billion of AutoNation common stock<\/h2>\n

PR Newswire<\/p>\n<\/p><\/div>\n

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\n FORT LAUDERDALE, Fla.<\/span>, July 19, 2021<\/span> \/PRNewswire\/ —\u00a0AutoNation, Inc. <\/b>(NYSE: AN), America’s largest and most recognized automotive retailer, today reported second quarter 2021 net income from continuing operations of $385 million<\/span>, or $4.83<\/span> per share.\u00a0Second quarter 2020 net income from continuing operations was $280 million<\/span>, or $3.18<\/span> per share, which included a non-cash unrealized gain related to our investment in Vroom of $161 million<\/span> after-tax, or $1.82<\/span> per share. Reconciliations of non-GAAP financial measures are included in the attached financial tables.<\/p>\n

\n Mike Jackson<\/span>, AutoNation’s Chief Executive Officer, stated, “Demand continues to outpace supply for new vehicles. We expect this to continue into 2022 due to consumers’ preference for personal transportation coupled with lower interest rates.” <\/p>\n

\n Operational Summary<\/b>\n <\/p>\n

Second quarter 2021 Operational Summary:<\/p>\n