AutoNation, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 13, 2024 at 07:03 am EST
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AutoNation, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 6,767.4 million compared to USD 6,697 million a year ago. Net income was USD 216.2 million compared to USD 286.4 million a year ago. Diluted earnings per share from continuing operations was USD 5.04 compared to USD 5.72 a year ago.
For the full year, revenue was USD 26,948.9 million compared to USD 26,985 million a year ago. Net income was USD 1,021.1 million compared to USD 1,377.4 million a year ago. Diluted earnings per share from continuing operations was USD 22.72 compared to USD 24.3 a year ago. Diluted earnings per share was USD 22.74 compared to USD 24.29 a year ago.
AutoNation, Inc., through its subsidiaries, is an automotive retailer in the United States. The Company operates through three segments: Domestic, Import and Premium Luxury. Its Domestic segment consists of retail automotive franchises that sell new vehicles manufactured by General Motors, Ford, and Stellantis. Its Import segment consists of retail automotive franchises that sell new vehicles manufactured primarily by Toyota, Honda, Hyundai, Subaru, and Nissan. Its Premium Luxury segment consists of retail automotive franchises that sell new vehicles manufactured primarily by Mercedes-Benz, BMW, Audi, Lexus, Jaguar, Bentley, and Land Rover. The franchises in each segment also sell used vehicles, parts and automotive repair and maintenance services, and automotive finance and insurance products. It owns and operates approximately 349 new vehicle franchises from 252 stores located in the United States, primarily in metropolitan markets in the Sunbelt region.
AUTONATION, INC. 
