The market expects AutoNation (AN - Free Report) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 31. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis auto retailer is expected to post quarterly earnings of $5.43 per share in its upcoming report, which represents a year-over-year change of -0.6%.
Revenues are expected to be $6.97 billion, down 0.1% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 1.08% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for AutoNation?For AutoNation, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.22%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination makes it difficult to conclusively predict that AutoNation will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that AutoNation would post earnings of $4.71 per share when it actually produced earnings of $4.69, delivering a surprise of -0.42%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
AutoNation doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
An Industry Player's Expected ResultsAmong the stocks in the Zacks Automotive - Retail and Whole Sales industry, Group 1 Automotive (GPI - Free Report) , is soon expected to post earnings of $10.79 per share for the quarter ended June 2026. This estimate indicates a year-over-year change of -6.3%. This quarter's revenue is expected to be $5.65 billion, down 0.9% from the year-ago quarter.
Over the last 30 days, the consensus EPS estimate for Group 1 Automotive has been revised 1.6% down to the current level. Nevertheless, the company now has an Earnings ESP of -0.03%, reflecting a lower Most Accurate Estimate.
This Earnings ESP, combined with its Zacks Rank #4 (Sell), makes it difficult to conclusively predict that Group 1 Automotive will beat the consensus EPS estimate. Over the last four quarters, the company surpassed EPS estimates just once.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +23.94% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: AutoNation (AN - Free Report) AutoNation, Inc. is one of the largest automotive retailers in the United States. In addition to retailing new and used vehicles, the company provides maintenance and repair services, collision repair, wholesale parts, and a range of finance and insurance products. AutoNation also arranges vehicle financing through third-party sources and provides indirect financing through its captive auto finance company.
AN is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Momentum investors should take note of this Retail-Wholesale stock. AN has a Momentum Style Score of A, and shares are up 0% over the past four weeks.
For fiscal 2026, four analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.12 to $21.35 per share. AN boasts an average earnings surprise of +5.6%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, AN should be on investors' short list.
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreFinding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +23.94% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: AutoNation (AN - Free Report) AutoNation, Inc. is one of the largest automotive retailers in the United States. In addition to retailing new and used vehicles, the company provides maintenance and repair services, collision repair, wholesale parts, and a range of finance and insurance products. AutoNation also arranges vehicle financing through third-party sources and provides indirect financing through its captive auto finance company.
AN is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 9.17; value investors should take notice.
Four analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.06 to $21.35 per share. AN also boasts an average earnings surprise of +5.6%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, AN should be on investors' short list.
HARDEEVILLE, S.C.--(BUSINESS WIRE)--AutoNation, Inc. (NYSE:AN), one of the largest automotive retailers in the United States, announced the opening of Porsche Hilton Head, a newly constructed retail and service center designed to deliver the full Porsche luxury experience to customers and enthusiasts across Hilton Head Island, the greater Savannah area, and the wider Lowcountry.
Located at 84 Auto Mall Boulevard in Hardeeville, the two-floor, 34,000-square-foot facility is one of a select number of U.S. dealerships built to Porsche’s Generation 5 “Destination Porsche” standard. The design features a light-filled showroom, customer lounge, Porscheplatz Café, dedicated Porsche 4Kids space and service viewing areas that reflect Porsche’s focus on performance, design and hospitality. The Fitting Lounge further enhances the experience, offering customers the ability to personalize their Porsche through a wide range of bespoke options.
The dealership is located within one of the fastest-growing regions in South Carolina’s Lowcountry, driven by sustained population growth and continued regional development. “Porsche Hilton Head redefines what customers can expect from a luxury automotive retail experience,” said Mike Manley, Chief Executive Officer at AutoNation. “The new facility reflects our commitment to the Lowcountry and our continued investment in high-growth markets where we cater to an evolving customer base that is looking for an experience-driven environment.”
During the evening’s celebrations, guests experienced the “Destination Porsche” ethos firsthand through curated vehicle displays, coastal-inspired culinary stations, live entertainment and remarks from AutoNation and Porsche Cars North America leadership.
Porsche Hilton Head will serve as a destination for new and pre-owned Porsche models, expert service and curated community events that celebrate the Porsche lifestyle and a vibrant enthusiast community in the Hilton Head region. The showroom is open Monday through Friday from 9 a.m. to 7:30 p.m. and Saturday from 9 a.m. to 6 p.m.
For more information or to schedule a test drive, visit hiltonhead.porsche.com.
About AutoNation, Inc.
AutoNation, one of the largest automotive retailers in the United States, offers innovative products and exceptional services as part of a portfolio of comprehensive solutions for our customers and their automotive needs. With a nationwide network of dealerships strengthened by a recognized brand, we offer a wide variety of new and used vehicles, customer financing, parts, and expert maintenance and repair services. Through DRV PNK, we have raised over $50 million for cancer-related causes, demonstrating our commitment to making a positive difference in the lives of our Associates, Customers, and the communities we serve.
Please visit www.autonation.com, investors.autonation.com, and www.x.com/autonation, where AutoNation discloses additional information about the Company, its business, and its results of operations.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of AN either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
FREMONT, Calif.--(BUSINESS WIRE)--AutoNation, Inc. (NYSE: AN), one of the largest automotive retailers in the United States, today announced the acquisition of three premium luxury dealerships in the San Francisco Bay Area, effective June 22, 2026. The acquired stores are Audi Fremont, Mercedes-Benz of Fremont, and Porsche Fremont. Together, the stores represent approximately $400 million in annual revenue and 4,800 retail new and used vehicle annual sales per year.
AutoNation’s footprint expands in California, the largest auto retail market in the U.S., to 46 locations, including 21 Premium Luxury stores, 7 Domestic stores, 16 Import stores, a collision center, and an auction center. Nationwide, AutoNation now operates 25 Mercedes-Benz, 11 Audi, and 8 Porsche stores.
“This acquisition strengthens our Premium Luxury portfolio in a highly attractive California market and reflects our disciplined approach to deploying capital into high-quality assets,” said Mike Manley, Chief Executive Officer. “Over the past 12 months, including our Baltimore, Chicago, and Atlanta area acquisitions, we have added approximately $1 billion in annual revenue, enhancing our scale, supporting long-term growth, and positioning us to deliver attractive returns for shareholders.”
AutoNation remains focused on disciplined capital allocation, balancing strategic acquisitions that expand scale in attractive markets with share repurchases that return capital to shareholders. AutoNation has invested approximately $450 million year-to-date to repurchase more than 2.2 million shares, reducing shares outstanding by more than 6 percent.
About AutoNation, Inc.
AutoNation, one of the largest automotive retailers in the United States, offers innovative products and exceptional services as part of a portfolio of comprehensive solutions for our customers and their automotive needs. With a nationwide network of dealerships strengthened by a recognized brand, we offer a wide variety of new and used vehicles, customer financing, parts, and expert maintenance and repair services. Through DRV PNK, we have raised over $50 million for cancer-related causes, demonstrating our commitment to making a positive difference in the lives of our Associates, Customers, and the communities we serve.
Please visit www.autonation.com, investors.autonation.com, and www.x.com/autonation, where AutoNation discloses additional information about the Company, its business, and its results of operations.
AutoNation Expands California Footprint with Acquisition of Three Premium Luxury Dealerships AutoNation, Inc. (NYSE: AN), one of the largest automotive retailers in the United States, today announced the acquisition of three premium luxury dealerships in the San Francisco Bay Area, effective June 22, 2026. The acquired stores are Audi Fremont, Mercedes-Benz of Fremont, and Porsche Fremont. Together, the stores represent approximately $400 million in annual revenue and 4,800 retail new and used vehicle annual sales per year.
AutoNation’s footprint expands in California, the largest auto retail market in the U.S., to 46 locations, including 21 Premium Luxury stores, 7 Domestic stores, 16 Import stores, a collision center, and an auction center. Nationwide, AutoNation now operates 25 Mercedes-Benz, 11 Audi, and 8 Porsche stores.
“This acquisition strengthens our Premium Luxury portfolio in a highly attractive California market and reflects our disciplined approach to deploying capital into high-quality assets,” said Mike Manley, Chief Executive Officer. “Over the past 12 months, including our Baltimore, Chicago, and Atlanta area acquisitions, we have added approximately $1 billion in annual revenue, enhancing our scale, supporting long-term growth, and positioning us to deliver attractive returns for shareholders.”
AutoNation remains focused on disciplined capital allocation, balancing strategic acquisitions that expand scale in attractive markets with share repurchases that return capital to shareholders. AutoNation has invested approximately $450 million year-to-date to repurchase more than 2.2 million shares, reducing shares outstanding by more than 6 percent.
About AutoNation, Inc.
AutoNation, one of the largest automotive retailers in the United States, offers innovative products and exceptional services as part of a portfolio of comprehensive solutions for our customers and their automotive needs. With a nationwide network of dealerships strengthened by a recognized brand, we offer a wide variety of new and used vehicles, customer financing, parts, and expert maintenance and repair services. Through DRV PNK, we have raised over $50 million for cancer-related causes, demonstrating our commitment to making a positive difference in the lives of our Associates, Customers, and the communities we serve.
Please visit www.autonation.com, investors.autonation.com, and www.x.com/autonation, where AutoNation discloses additional information about the Company, its business, and its results of operations.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260623430497/en/
FREMONT, Calif.--(BUSINESS WIRE)--The Presidio Group LLC (“Presidio”), an independent merchant banking firm focused on mergers and acquisitions, capital raising and investments in the automotive retail and consumer mobility sectors, exclusively advised Fletcher Jones Automotive Group (“Fletcher Jones”) on the sale of Fletcher Jones Motorcars (Mercedes-Benz) of Fremont, Audi Fremont and Porsche Fremont in Fremont, Calif., and their related real estate, to AutoNation Inc. (“AutoNation”) (“NYSE: AN”). The transaction closed June 22.
"Demand remains strong for Mercedes-Benz, Audi and Porsche stores as buyers look to expand in key markets.” — George Karolis, president of The Presidio Group
Share This Northern California divestiture comes on the heels of Fletcher Jones’ March acquisition of Mercedes-Benz of Beverly Hills, which bolstered the dealership group’s already-significant Southern California footprint and was also facilitated by The Presidio Group. With the moves, Fletcher Jones continues to align its dealership portfolio with its long-term strategic goals.
“When we decided to sell these stores as part of our regimented portfolio management initiatives, we set out to find a buyer that would provide the right level of care for the dealerships and their employees and customers,” said Keith May, president of Fletcher Jones Automotive Group. “Having sold two stores to AutoNation in 2025, we had strong confidence in its ability to represent these great luxury brands. This is our third transaction with Presidio, our trusted partner, in less than a year, and their team delivered once again, with their utmost professionalism and expertise ensuring another smooth close.”
For AutoNation, one of the largest dealership groups in the U.S., the acquisition builds on its existing presence in Northern California with a focus on premium brands.
“This acquisition strengthens our premium luxury portfolio in a highly attractive California market and reflects our disciplined approach to deploying capital into high-quality assets,” AutoNation CEO Mike Manley said.
Presidio is among the most active of the industry’s top buy-sell firms when it comes to the sale of luxury-brand dealerships and locations in California. The firm has advised on more than 130 transactions involving luxury franchises, nearly 42% of its all-time deal activity. With this sale, Presidio also has advised on transactions involving 44 California dealerships.
“We were honored to represent Fletcher Jones, one of the most iconic luxury dealership groups in the country, in this sale,” said George Karolis, president of The Presidio Group. “Their trust in the Presidio team and confidence in our ability to forge relationships with the industry’s biggest and best retailers like AutoNation is truly gratifying. With our track record, including transactions involving 24 Mercedes-Benz dealerships, Presidio is proud of the deep expertise we’ve developed in high-end, luxury automotive M&A.”
This transaction also demonstrates how ongoing portfolio management activity is creating meaningful opportunities for both buyers and sellers.
“Disciplined portfolio management continues to bring well-positioned luxury assets to market,” Karolis said. “Those assets are drawing intense interest from the largest and most sophisticated buyers, particularly in California, one of the most competitive markets in the country. Demand remains strong for Mercedes-Benz, Audi and Porsche stores as buyers look to expand in key markets.”
The Presidio Group provided exclusive M&A advisory services to Fletcher Jones Automotive Group through its wholly owned investment bank, Presidio Merchant Partners LLC.
About Fletcher Jones Automotive Group
Since 1946, Fletcher Jones Automotive Group has been a luxury automotive retail standard bearer in the U.S. Founded by Fletcher Jones Sr. with a single store in downtown Los Angeles, the group has grown over the past 80 years into one of the most respected and renowned luxury dealership groups in the country. Home to the nation’s No. 1 Mercedes-Benz and Audi locations, Fletcher Jones has become synonymous with 5-star service, top-of-the-line quality and an unwavering commitment to customers. The group offers a comprehensive suite of services, including new and used vehicle sales, expert financing and leasing, service and maintenance, parts and electric vehicle expertise. To learn more, visit www.fletcherjones.com.
About AutoNation Inc.
AutoNation, one of the largest automotive retailers in the United States, offers innovative products and exceptional services as part of a portfolio of comprehensive solutions for our customers and their automotive needs. With a nationwide network of dealerships strengthened by a recognized brand, we offer a wide variety of new and used vehicles, customer financing, parts, and expert maintenance and repair services. Through DRV PNK, we have raised over $50 million for cancer-related causes, demonstrating our commitment to making a positive difference in the lives of our associates, customers and the communities we serve. Please visit www.autonation.com, investors.autonation.com and www.x.com/autonation, where AutoNation discloses additional information about the company, its business and its results of operations.
About The Presidio Group LLC
The Presidio Group was founded in 1998 with the simple mission to relentlessly put the interests of its clients first. By steadfastly adhering to this philosophy, the firm has earned the trust of clients throughout the United States. During their careers, the professionals at Presidio have collectively closed more than 320 transactions for over $22.0 billion. The Presidio Group, based in Denver and Atlanta, publishes research, industry insights and data reports about the automotive retail landscape. Presidio Merchant Partners LLC is a subsidiary of The Presidio Group LLC and is a member of FINRA and SIPC. For more information on Presidio, visit www.thepresidiogroup.com.
The Zacks Auto Retail and Wholesale industry faces a subdued outlook, shaped by affordability pressures, moderating sales, geopolitical risks and a challenging electric vehicle (EV) landscape. High vehicle prices, elevated interest rates, and economic uncertainty continue to weigh on demand, while sales are weakening after a strong prior year. Rising geopolitical tensions could further impact fuel costs and consumer sentiment. At the same time, slowing EV demand contrasts with steady hybrid growth. Despite the headwinds, stocks like Penske Automotive (PAG - Free Report) and AutoNation (AN - Free Report) are better positioned, thanks to their strategic buyouts, digitization efforts and investor friendly movies.
About the Industry The auto retail and wholesale industry plays a key role in how cars, trucks and auto parts reach consumers. Companies in this space operate through dealership networks and retail chains, selling both new and used vehicles, offering repair and maintenance services, and helping customers with financing. Since this is a consumer-driven industry, its performance often depends on how strong the economy is. When people have more disposable income, they're more likely to spend on vehicles. But during tougher times, like economic slowdowns, big purchases are often put on hold. The COVID-19 pandemic changed the way the industry works, pushing dealers to focus more on online tools and e-commerce. That digital shift is expected to continue, shaping how vehicles are bought and sold in the future.
Factors Shaping the Industry's Fate Affordability Concerns: Affordability remains a key headwind for the U.S. auto retail industry, as high vehicle prices and economic uncertainty weigh on consumer demand. The average transaction price of a new vehicle was around $49,353 in February, making it too expensive for many buyers. At the same time, tariff policies—such as a 25% levy on imported parts and 50% on steel and aluminum—are pushing production costs higher. These pressures are keeping vehicle prices elevated, making affordability the industry’s most persistent challenge.
Cooling Sales Momentum: The U.S. auto retail industry is expected to see sales ease after a strong period last year. March sales are projected to decline nearly 12% year over year, largely due to a high base, as pre-tariff buying in March 2025 had pushed annualized sales pace to a four-year high. Monthly sales are now forecast at 1.37 million units, reflecting a drop from that surge. More broadly, higher vehicle prices, persistent inflation, and elevated interest rates are weighing on demand, with full-year 2026 sales expected to decline a modest 2.6% year over year to 15.8 million units.
Geopolitical Uncertainty: Geopolitical tensions are also a cause of concern for the U.S. auto retail industry. Escalating conflicts in the Middle East and rising threats around critical oil routes like the Strait of Hormuz have disrupted global energy supplies and pushed fuel prices higher. This can have ripple effects across the economy, raising overall living costs. As expenses rise, consumer sentiment toward big-ticket purchases like vehicles may further weaken. Prolonged conflict or further escalation could also hurt global economic stability, creating a challenging environment for auto sales.
Challenging EV Landscape: The EV market is facing a more challenging phase after a surge last year, owing to incentive-related buying. Demand has softened in early 2026, as the removal of federal tax incentives continues to weigh on consumer interest. EV sales are projected to decline sharply, down nearly 28% year over year in the first quarter. In contrast, hybrid vehicles are seeing steady growth, with strong momentum led by automakers like Toyota and Honda.
Zacks Industry Rank is Discouraging The Zacks Auto Retail & Wholesale industry is part of the broader Zacks Auto-Tires-Trucks sector. The industry currently carries a Zacks Industry Rank #213, which places it in the bottom 13% of nearly 245 Zacks industries.
The group’s Zacks Industry Rank, which is the average of the Zacks Rank of all the member stocks, indicates weak near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
The industry’s position in the bottom 50% of the Zacks-ranked industries is a result of a negative earnings outlook for the constituent companies in aggregate.Looking at the aggregate earnings estimate revisions, it appears that analysts are getting pessimistic about this group’s earnings growth potential. Over the past year, the industry's earnings estimate for 2026 has declined 8%.
We will present a couple of stocks that you might consider adding to your watchlist. But before that, let’s discuss the industry’s recent stock market performance and valuation picture.
Industry Lags Sector and S&P 500 The Zacks Auto Retail & Whole Sales industry has remained flat, underperforming the Zacks S&P 500 composite as well as the Auto, Tires and Truck sector over the past year, which grew 16.5% and 31.2%, respectively.
One-Year Price PerformanceIndustry's Current Valuation Since automotive companies are debt-laden, it makes sense to value them based on the enterprise value/earnings before interest, tax, depreciation and amortization (EV/EBITDA) ratio.
On the basis of the trailing 12-month EV/EBITDA, the industry is currently trading at 8.37X compared with the S&P 500’s 16.55X and the sector’s trailing 12-month EV/EBITDA of 27.48X.
Over the past five years, the industry has traded as high as 10.66X, as low as 4.78X and at a median of 7.21X, as the chart below shows.
EV/EBITDA Ratio (Past 5 Years)
2 Stocks to Keep An Eye On Penske: It is one of the leading automotive and commercial truck retailers with a well-diversified and resilient business model. The company continues to expand through strategic acquisitions, including the recent purchase of Lexus dealerships in Central Florida, which is expected to add around $450 million in annual revenues. Its service and parts segment provides a stable, recurring income stream, supported by rising demand for complex repairs in advanced vehicles.
Penske also benefits from steady earnings from Penske Transportation Solutions, which is positioned for growth as freight demand improves. Backed by a strong balance sheet, consistent share buybacks, and 21 consecutive dividend hikes, PAG offers a compelling mix of growth and shareholder returns.
Penske currently carries a Zacks Rank #3 (Hold). The Zacks Consensus Estimate for 2026 and 2027 sales implies year-over-year growth of 5.5% and 2.5%, respectively. While the consensus mark for 2026 EPS calls for a 1% year-over-year decline, the same for 2027 points to a 7% uptick from projected 2026 levels.
Price & Consensus: PAGAutoNation: It is one of the largest automotive retailers in the United States, supported by its broad geographic footprint and expanding dealership network. The company continues to grow through acquisitions. Last year, AN inked deals that are expected to contribute more than $650 million in annual revenues. Its Finance division is its key strength, showing improved profitability, higher in-store penetration, and solid credit performance, further boosted by the acquisition of CIG Financial.
AutoNation is also enhancing its digital presence through the AutoNation Express platform, improving the online buying experience. Strong shareholder returns remain a priority, with significant share repurchases and nearly $1 billion still available under its current buyback program.
AutoNation currently carries a Zacks Rank #3. The Zacks Consensus Estimate for 2026 and 2027 sales implies year-over-year growth of 2% and 3%, respectively. The consensus mark for 2026 and 2027 EPS calls for a year-over-year uptick of 6% and 12%, respectively, from projected 2026 levels.
Price & Consensus: ANYou can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Allspring Global Investments Holdings LLC trimmed its position in AutoNation, Inc. (NYSE:AN – Free Report) by 12.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,698 shares of the company’s stock after selling 8,633 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.16% of AutoNation worth $12,120,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Arrowstreet Capital Limited Partnership raised its stake in AutoNation by 260.2% in the third quarter. Arrowstreet Capital Limited Partnership now owns 333,975 shares of the company’s stock valued at $73,064,000 after buying an additional 241,265 shares during the last quarter. Squarepoint Ops LLC increased its holdings in shares of AutoNation by 219.6% during the second quarter. Squarepoint Ops LLC now owns 316,923 shares of the company’s stock valued at $62,957,000 after acquiring an additional 217,774 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of AutoNation by 51.8% during the second quarter. AQR Capital Management LLC now owns 631,744 shares of the company’s stock valued at $125,439,000 after acquiring an additional 215,577 shares in the last quarter. Wedge Capital Management L L P NC purchased a new position in shares of AutoNation in the 3rd quarter valued at approximately $34,601,000. Finally, Holocene Advisors LP raised its position in shares of AutoNation by 38.3% in the 3rd quarter. Holocene Advisors LP now owns 548,677 shares of the company’s stock valued at $120,034,000 after purchasing an additional 151,966 shares during the last quarter. 94.62% of the stock is owned by hedge funds and other institutional investors.
AutoNation Stock Down 0.0% NYSE:AN opened at $197.61 on Monday. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.84 and a quick ratio of 0.22. The company’s fifty day moving average price is $198.07 and its 200-day moving average price is $205.91. AutoNation, Inc. has a 1-year low of $148.33 and a 1-year high of $228.92. The firm has a market capitalization of $6.78 billion, a P/E ratio of 11.58 and a beta of 0.81.
AutoNation (NYSE:AN – Get Free Report) last posted its earnings results on Friday, February 6th. The company reported $5.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.91 by $0.17. AutoNation had a net margin of 2.35% and a return on equity of 31.69%. The company had revenue of $6.93 billion during the quarter, compared to the consensus estimate of $7.21 billion. During the same period in the previous year, the firm posted $4.97 earnings per share. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. As a group, equities research analysts anticipate that AutoNation, Inc. will post 18.15 EPS for the current year.
Wall Street Analysts Forecast Growth AN has been the topic of several research analyst reports. Morgan Stanley boosted their target price on shares of AutoNation from $233.00 to $238.00 and gave the stock an “overweight” rating in a research report on Monday, March 2nd. Weiss Ratings downgraded shares of AutoNation from a “buy (b)” rating to a “hold (c+)” rating in a research note on Tuesday, February 17th. Wells Fargo & Company boosted their price objective on shares of AutoNation from $222.00 to $230.00 and gave the company an “equal weight” rating in a report on Sunday, February 8th. Stephens upped their target price on AutoNation from $228.00 to $232.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 11th. Finally, Bank of America assumed coverage on AutoNation in a research note on Wednesday, March 4th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, AutoNation has a consensus rating of “Moderate Buy” and an average target price of $248.67.
Read Our Latest Research Report on AN
About AutoNation (Free Report)
AutoNation, Inc is the largest automotive retailer in the United States, operating a network of franchised new vehicle dealerships, pre-owned vehicle superstores and collision-repair centers. The company offers a comprehensive range of automotive products and services, including the sale of new cars and light trucks from leading manufacturers, certified pre-owned vehicles and a wide selection of used models. In addition to retail vehicle sales, AutoNation provides financing, insurance and extended service contracts through its in-house financial services division, as well as genuine and aftermarket parts, factory-recommended maintenance and collision-repair services.
Headquartered in Fort Lauderdale, Florida, AutoNation was founded in 1996 by entrepreneur H.
Featured Articles Five stocks we like better than AutoNation Want to see what other hedge funds are holding AN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AutoNation, Inc. (NYSE:AN – Free Report).
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SG Americas Securities LLC decreased its holdings in shares of AutoNation, Inc. (NYSE:AN – Free Report) by 61.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,436 shares of the company’s stock after selling 13,569 shares during the quarter. SG Americas Securities LLC’s holdings in AutoNation were worth $1,742,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. HM Payson & Co. bought a new position in shares of AutoNation in the third quarter valued at approximately $31,000. Root Financial Partners LLC acquired a new stake in AutoNation in the 3rd quarter valued at approximately $37,000. Smartleaf Asset Management LLC increased its position in AutoNation by 355.3% during the third quarter. Smartleaf Asset Management LLC now owns 173 shares of the company’s stock worth $38,000 after acquiring an additional 135 shares during the period. Employees Retirement System of Texas bought a new position in shares of AutoNation during the 3rd quarter worth about $48,000. Finally, SJS Investment Consulting Inc. raised its holdings in AutoNation by 2,477.8% in the 3rd quarter. SJS Investment Consulting Inc. now owns 232 shares of the company’s stock valued at $51,000 after acquiring an additional 223 shares in the last quarter. 94.62% of the stock is owned by institutional investors.
AutoNation Stock Down 0.0% Shares of AN stock opened at $197.61 on Monday. The firm has a fifty day moving average of $198.07 and a 200-day moving average of $205.91. AutoNation, Inc. has a 12-month low of $148.33 and a 12-month high of $228.92. The company has a market capitalization of $6.78 billion, a price-to-earnings ratio of 11.58 and a beta of 0.81. The company has a quick ratio of 0.22, a current ratio of 0.84 and a debt-to-equity ratio of 2.39.
AutoNation (NYSE:AN – Get Free Report) last issued its quarterly earnings results on Friday, February 6th. The company reported $5.08 EPS for the quarter, beating analysts’ consensus estimates of $4.91 by $0.17. The company had revenue of $6.93 billion for the quarter, compared to analyst estimates of $7.21 billion. AutoNation had a return on equity of 31.69% and a net margin of 2.35%.The company’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period in the previous year, the company posted $4.97 earnings per share. As a group, equities research analysts predict that AutoNation, Inc. will post 18.15 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades A number of equities analysts have recently issued reports on the stock. Stephens increased their price objective on shares of AutoNation from $228.00 to $232.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 11th. Barclays reduced their price objective on AutoNation from $250.00 to $245.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 21st. Weiss Ratings cut shares of AutoNation from a “buy (b)” rating to a “hold (c+)” rating in a research note on Tuesday, February 17th. Morgan Stanley lifted their price objective on AutoNation from $233.00 to $238.00 and gave the stock an “overweight” rating in a research report on Monday, March 2nd. Finally, Bank of America initiated coverage on shares of AutoNation in a report on Wednesday, March 4th. They set a “buy” rating for the company. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $248.67.
View Our Latest Analysis on AN
AutoNation Company Profile (Free Report)
AutoNation, Inc is the largest automotive retailer in the United States, operating a network of franchised new vehicle dealerships, pre-owned vehicle superstores and collision-repair centers. The company offers a comprehensive range of automotive products and services, including the sale of new cars and light trucks from leading manufacturers, certified pre-owned vehicles and a wide selection of used models. In addition to retail vehicle sales, AutoNation provides financing, insurance and extended service contracts through its in-house financial services division, as well as genuine and aftermarket parts, factory-recommended maintenance and collision-repair services.
Headquartered in Fort Lauderdale, Florida, AutoNation was founded in 1996 by entrepreneur H.
Featured Stories Five stocks we like better than AutoNation Want to see what other hedge funds are holding AN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AutoNation, Inc. (NYSE:AN – Free Report).
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FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--During National Car Care Month in April, the experts at AutoNation, Inc. (NYSE:AN) are urging drivers to take a proactive approach to vehicle maintenance, a move that can improve safety, boost fuel efficiency and reduce long-term repair costs.
“Preventive maintenance remains one of the smartest financial and safety decisions a vehicle owner can make,” said Christian Treiber, AutoNation’s President of After-Sales. “Small maintenance steps taken now can help drivers prevent larger, more expensive problems down the road. In addition, a vehicle that’s never missed an oil change and has a documented maintenance history might bring an owner as much as 10% higher trade-in value.”
AutoNation’s service experts recommend the following tips during National Car Care Month:
Check tire pressure and tread. Warmer temperatures are on the way and can affect tire pressure. Drivers should check tire pressure monthly and inspect tread depth before spring road trips. According to the National Highway Traffic Safety Administration, properly inflated tires improve fuel efficiency, saving up to 11 cents per gallon, extend tire life by 4,700 miles, and enhance safety.
Inspect brakes and address warning signs early. Drivers shouldn’t wait for squealing, grinding or vibration during braking, all possible signs of wear and tear that can lead to costly repairs. Brake wear depends heavily on driving habits, and most manufacturers don’t list a fixed mileage for brake pad replacement. Instead, routine brake inspections are recommended at every tire rotation or oil change to determine when these should be replaced to avoid major service bills and minimize safety risks.
Test the battery before summer heat. High temperatures strain aging batteries. Testing batteries in April can help drivers avoid getting stranded when summer heat peaks. Most batteries last three to five years.
Replace wiper blades and inspect lights. Spring showers demand clear visibility. Drivers should replace worn wiper blades and confirm that headlights, brake lights and turn signals function properly.
Top off and replace essential fluids. Checking engine oil, coolant, brake fluid and windshield washer fluid helps vehicles run efficiently and prevents wear on major systems that could lead to expensive fixes.
Replace air filters to improve efficiency. Maintaining a clean engine air filter can improve fuel efficiency and engine performance. Even small improvements in efficiency contribute to fuel savings over time.
Schedule a checkup. Factory-trained technicians will inspect the battery, tires, antifreeze, brakes, and headlights. At AutoNation, complimentary multi-point inspections include a vehicle status report, tire pressure adjustment, and fluid top-off.
AutoNation’s service experts also encourage drivers to review their owner’s manual for recommended service intervals.
“National Car Care Month serves as an important reminder that routine maintenance protects drivers’ safety and their budgets,” said Treiber.
AutoNation hosts complimentary Car Care Clinics at select stores, along with a variety of community-focused events year-round, reinforcing its commitment to supporting families and promoting safe driving practices nationwide. For information or to register to attend an upcoming AutoNation Car Care Clinic, visit https://tinyurl.com/FBAutoNationCarCareClinic .
For locations or to book a service, visit AutoNation.com.
About AutoNation, Inc.
AutoNation, one of the largest automotive retailers in the United States, offers innovative products and exceptional services as part of a portfolio of comprehensive solutions for our customers and their automotive needs. With a nationwide network of dealerships strengthened by a recognized brand, we offer a wide variety of new and used vehicles, customer financing, parts, and expert maintenance and repair services. Through DRV PNK, we have raised over $45 million for cancer-related causes, demonstrating our commitment to making a positive difference in the lives of our Associates, Customers, and the communities we serve.
Please visit www.autonation.com, investors.autonation.com, and www.x.com/autonation, where AutoNation discloses additional information about the Company, its business, and its results of operations.
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--AutoNation, Inc. (NYSE: AN), today announced that it will release its financial results for the first quarter ended March 31, 2026, on Friday, May 1, 2026, before the market opens. AutoNation management will discuss these results and other information regarding the Company during a conference call and audio webcast that same day at 9:00 a.m. Eastern Time.
The conference call may be accessed by telephone at 800-715-9871 (Conference ID: 90621) or on AutoNation’s investor relations website at investors.autonation.com. The webcast will also be made available on AutoNation’s website following the call under “Events & Presentations."
About AutoNation, Inc.
AutoNation, one of the largest automotive retailers in the United States, offers innovative products and exceptional services as part of a portfolio of comprehensive solutions for our customers and their automotive needs. With a nationwide network of dealerships strengthened by a recognized brand, we offer a wide variety of new and used vehicles, customer financing, parts, and expert maintenance and repair services. Through DRV PNK, we have raised over $45 million for cancer-related causes, demonstrating our commitment to making a positive difference in the lives of our Associates, Customers, and the communities we serve.
Please visit www.autonation.com, investors.autonation.com, and www.x.com/autonation, where AutoNation discloses additional information about the Company, its business, and its results of operations.
Aaron Wealth Advisors LLC reduced its stake in AutoNation, Inc. (NYSE:AN – Free Report) by 80.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,237 shares of the company’s stock after selling 5,169 shares during the period. Aaron Wealth Advisors LLC’s holdings in AutoNation were worth $255,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. HM Payson & Co. bought a new stake in shares of AutoNation during the third quarter valued at approximately $31,000. Root Financial Partners LLC bought a new stake in shares of AutoNation during the third quarter valued at approximately $37,000. Smartleaf Asset Management LLC raised its holdings in shares of AutoNation by 355.3% during the third quarter. Smartleaf Asset Management LLC now owns 173 shares of the company’s stock valued at $38,000 after buying an additional 135 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of AutoNation by 37.4% during the first quarter. Geneos Wealth Management Inc. now owns 235 shares of the company’s stock valued at $38,000 after buying an additional 64 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of AutoNation during the fourth quarter valued at approximately $41,000. 94.62% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes A number of equities research analysts have recently weighed in on AN shares. Bank of America started coverage on AutoNation in a report on Wednesday, March 4th. They set a “buy” rating on the stock. Weiss Ratings cut AutoNation from a “buy (b)” rating to a “hold (c+)” rating in a report on Tuesday, February 17th. Stephens lifted their price target on AutoNation from $228.00 to $232.00 and gave the company an “equal weight” rating in a report on Wednesday, February 11th. Barclays cut their price target on AutoNation from $245.00 to $240.00 and set an “overweight” rating on the stock in a report on Tuesday, April 7th. Finally, Morgan Stanley lifted their price target on AutoNation from $233.00 to $238.00 and gave the company an “overweight” rating in a report on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $246.89.
View Our Latest Research Report on AutoNation
AutoNation Price Performance Shares of NYSE:AN opened at $200.47 on Friday. AutoNation, Inc. has a 12 month low of $155.29 and a 12 month high of $228.92. The stock has a market cap of $6.88 billion, a price-to-earnings ratio of 11.75 and a beta of 0.81. The stock’s 50 day moving average price is $196.77 and its 200 day moving average price is $205.23. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.84 and a quick ratio of 0.22.
AutoNation (NYSE:AN – Get Free Report) last announced its earnings results on Friday, February 6th. The company reported $5.08 EPS for the quarter, topping the consensus estimate of $4.91 by $0.17. AutoNation had a return on equity of 31.69% and a net margin of 2.35%.The firm had revenue of $6.93 billion for the quarter, compared to analysts’ expectations of $7.21 billion. During the same quarter in the previous year, the company earned $4.97 earnings per share. The firm’s quarterly revenue was down 3.9% compared to the same quarter last year. Equities research analysts anticipate that AutoNation, Inc. will post 18.15 earnings per share for the current fiscal year.
About AutoNation (Free Report)
AutoNation, Inc is the largest automotive retailer in the United States, operating a network of franchised new vehicle dealerships, pre-owned vehicle superstores and collision-repair centers. The company offers a comprehensive range of automotive products and services, including the sale of new cars and light trucks from leading manufacturers, certified pre-owned vehicles and a wide selection of used models. In addition to retail vehicle sales, AutoNation provides financing, insurance and extended service contracts through its in-house financial services division, as well as genuine and aftermarket parts, factory-recommended maintenance and collision-repair services.
Headquartered in Fort Lauderdale, Florida, AutoNation was founded in 1996 by entrepreneur H.
Featured Articles Five stocks we like better than AutoNation Want to see what other hedge funds are holding AN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AutoNation, Inc. (NYSE:AN – Free Report).
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Stock to Watch: AutoNation (AN - Free Report) AutoNation, Inc. is one of the largest automotive retailers in the United States. Apart from retailing new and used vehicles, the company offers vehicle maintenance and repair services, vehicle parts, extended service contracts, vehicle protection products, and other aftermarket products. In addition, it arranges financing for vehicle purchases through third-party sources.
AN is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
It also boasts a Value Style Score of A thanks to attractive valuation metrics like a forward P/E ratio of 9.37; value investors should take notice.
For fiscal 2026, five analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.14 to $21.33 per share. AN boasts an average earnings surprise of +7.6%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, AN should be on investors' short list.
Cwm LLC trimmed its holdings in shares of AutoNation, Inc. (NYSE:AN – Free Report) by 21.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,763 shares of the company’s stock after selling 4,025 shares during the quarter. Cwm LLC’s holdings in AutoNation were worth $3,048,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of AN. HM Payson & Co. purchased a new stake in AutoNation during the third quarter worth $31,000. Root Financial Partners LLC purchased a new position in shares of AutoNation in the 3rd quarter valued at $37,000. Smartleaf Asset Management LLC increased its holdings in shares of AutoNation by 355.3% in the 3rd quarter. Smartleaf Asset Management LLC now owns 173 shares of the company’s stock valued at $38,000 after acquiring an additional 135 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of AutoNation in the 4th quarter worth $41,000. Finally, Employees Retirement System of Texas bought a new position in shares of AutoNation in the 3rd quarter worth $48,000. Institutional investors own 94.62% of the company’s stock.
AutoNation Trading Down 0.1% NYSE AN opened at $203.23 on Friday. The company has a fifty day simple moving average of $195.66 and a two-hundred day simple moving average of $204.25. The stock has a market cap of $6.98 billion, a P/E ratio of 11.91, a P/E/G ratio of 1.08 and a beta of 0.81. AutoNation, Inc. has a 12-month low of $155.29 and a 12-month high of $228.92. The company has a current ratio of 0.84, a quick ratio of 0.22 and a debt-to-equity ratio of 2.39.
AutoNation (NYSE:AN – Get Free Report) last posted its quarterly earnings data on Friday, February 6th. The company reported $5.08 EPS for the quarter, topping the consensus estimate of $4.91 by $0.17. The business had revenue of $6.93 billion during the quarter, compared to the consensus estimate of $7.21 billion. AutoNation had a net margin of 2.35% and a return on equity of 31.69%. The business’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.97 earnings per share. On average, analysts forecast that AutoNation, Inc. will post 21.31 earnings per share for the current year.
Analyst Ratings Changes A number of equities research analysts recently weighed in on AN shares. Weiss Ratings downgraded AutoNation from a “buy (b)” rating to a “hold (c+)” rating in a research report on Tuesday, February 17th. Wells Fargo & Company reduced their target price on shares of AutoNation from $230.00 to $207.00 and set an “equal weight” rating for the company in a report on Monday, April 13th. Bank of America started coverage on shares of AutoNation in a research report on Wednesday, March 4th. They set a “buy” rating for the company. Barclays lowered their price target on shares of AutoNation from $245.00 to $240.00 and set an “overweight” rating on the stock in a report on Tuesday, April 7th. Finally, Stephens lifted their price objective on shares of AutoNation from $228.00 to $232.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $244.33.
Get Our Latest Research Report on AN
AutoNation Company Profile (Free Report)
AutoNation, Inc is the largest automotive retailer in the United States, operating a network of franchised new vehicle dealerships, pre-owned vehicle superstores and collision-repair centers. The company offers a comprehensive range of automotive products and services, including the sale of new cars and light trucks from leading manufacturers, certified pre-owned vehicles and a wide selection of used models. In addition to retail vehicle sales, AutoNation provides financing, insurance and extended service contracts through its in-house financial services division, as well as genuine and aftermarket parts, factory-recommended maintenance and collision-repair services.
Headquartered in Fort Lauderdale, Florida, AutoNation was founded in 1996 by entrepreneur H.
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The market expects AutoNation (AN - Free Report) to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on May 1, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis auto retailer is expected to post quarterly earnings of $4.71 per share in its upcoming report, which represents a year-over-year change of +0.6%.
Revenues are expected to be $6.66 billion, down 0.5% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.91% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for AutoNation?For AutoNation, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -2.87%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination makes it difficult to conclusively predict that AutoNation will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that AutoNation would post earnings of $4.91 per share when it actually produced earnings of $5.08, delivering a surprise of +3.46%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
AutoNation doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
An Industry Player's Expected ResultsGroup 1 Automotive (GPI - Free Report) , another stock in the Zacks Automotive - Retail and Whole Sales industry, is expected to report earnings per share of $8.93 for the quarter ended March 2026. This estimate points to a year-over-year change of -12.2%. Revenues for the quarter are expected to be $5.5 billion, down 0% from the year-ago quarter.
Over the last 30 days, the consensus EPS estimate for Group 1 Automotive has been revised 0.4% down to the current level. Nevertheless, the company now has an Earnings ESP of -1.38%, reflecting a lower Most Accurate Estimate.
When combined with a Zacks Rank of #3 (Hold), this Earnings ESP makes it difficult to conclusively predict that Group 1 Automotive will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates two times.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
AutoNation, Inc. (NYSE:AN) will release earnings for its first quarter before the opening bell on Friday, May 1.
Analysts expect the Fort Lauderdale, Florida-based company to report quarterly earnings of $4.61 per share, down from $4.68 per share in the year-ago period. The consensus estimate for AutoNation's quarterly revenue is $6.65 billion (it reported $6.69 billion last year), according to Benzinga Pro.
On Feb. 6, AutoNation reported better-than-expected fourth-quarter EPS results.
AutoNation shares gained 3.3% to close at $212.38 on Thursday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.
Considering buying AN stock? Here’s what analysts think:
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FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--AutoNation, Inc. (NYSE: AN) today reported first quarter 2026 revenue of $6.6 billion, a decrease of 2% compared to the same period a year ago. For the quarter, EPS was $5.85, compared to $4.45 a year ago, and Adjusted EPS was $4.69, compared to $4.68 a year ago. Reconciliations of non-GAAP financial measures are included in the attached financial tables.
“We are pleased to report our strong first quarter results highlighted by record gross profit in After-Sales and record unit profitability in Customer Financial Services. Unit profitability for new and used vehicles increased sequentially. These gains largely offset expected year‑over‑year declines in unit sales,” said Mike Manley, Chief Executive Officer of AutoNation. “Adjusted earnings per share increased year-over-year for the fifth consecutive quarter, and strong cash flow conversion supported our continued deployment of capital toward share repurchases. AutoNation Finance continued to scale, growing its portfolio to $2.4 billion while improving profitability, credit performance, and debt funding. Our diversified earnings profile, flexible cost structure, and strong balance sheet and cash flows continue to support resilient performance and disciplined capital deployment to generate shareholder returns in a dynamic operating environment,” Manley concluded.
Operational Summary
First Quarter 2026 compared to the year-ago period:
Selected GAAP Financial Data
($ in millions, except per share data and unit sales)
Three Months Ended March 31,
2026
2025
YoY
Revenue
$
6,552.1
$
6,690.4
-2
%
Gross Profit
$
1,211.1
$
1,219.9
-1
%
Operating Income
$
314.3
$
336.0
-6
%
Net Income
$
205.4
$
175.5
17
%
Diluted EPS
$
5.85
$
4.45
31
%
Diluted weighted average common shares outstanding
35.1
39.4
-11
%
Same-store Revenue
$
6,404.7
$
6,650.5
-4
%
Same-store Gross Profit
$
1,182.7
$
1,212.9
-2
%
Same-store New Vehicle Retail Unit Sales
56,316
62,156
-9
%
Same-store Used Vehicle Retail Unit Sales
64,182
67,370
-5
%
Selected Non-GAAP Financial Data*
($ in millions, except per share data)
Three Months Ended March 31,
2026
2025
YoY
Adjusted Operating Income
$
311.7
$
334.5
-7
%
Adjusted Net Income
$
164.6
$
184.2
-11
%
Adjusted Diluted EPS
$
4.69
$
4.68
—
%
*Reconciliations of non-GAAP financial measures are included in the attached financial tables. 2026 Adjusted Diluted EPS excludes net gains on equity investments of $54 million.
Capital Allocation, Liquidity, and Leverage
For the quarter, cash used in operating activities was $22 million, auto loans receivable, net, increased $254 million, capital expenditures were $56 million, and adjusted free cash flow was $256 million, or 155% of adjusted net income.
During the quarter, AutoNation repurchased 1.5 million shares of common stock for an aggregate purchase price of $300 million, or $201 per share. Year-to-date through April 29, 2026, AutoNation repurchased 1.9 million shares, for an aggregate purchase price of $391 million, or $201 per share, and has more than $685 million of repurchase authorization remaining under its current share repurchase program.
As of March 31, 2026, AutoNation had $1.6 billion of liquidity, including $66 million in cash and $1.6 billion of availability under its revolving credit facility, net of commercial paper borrowings. The Company’s covenant leverage ratio was 2.57x at quarter end and the Company had $4.1 billion of non-vehicle debt outstanding.
In January 2026, AN Finance completed its second asset-backed term securitization, generating $749.2 million in funding for its auto loan portfolio at a weighted-average fixed interest rate of 4.25%. The strong advance rates of this ABS transaction helped improve the debt funded status of the $2.4 billion portfolio to 90 percent.
The first quarter conference call may be accessed by telephone at 800-715-9871 (Conference ID: 90621) at 9:00 a.m. Eastern Time today or on AutoNation’s investor relations website at investors.autonation.com. The webcast will also be made available on AutoNation’s investor relations website following the call under “Events & Presentations.” Finally, additional information regarding AutoNation’s results can be found in the Investor Presentation available on the investor relations website.
About AutoNation, Inc.
AutoNation, one of the largest automotive retailers in the United States, offers innovative products and exceptional services as part of a portfolio of comprehensive solutions for our customers and their automotive needs. With a nationwide network of dealerships strengthened by a recognized brand, we offer a wide variety of new and used vehicles, customer financing, parts, and expert maintenance and repair services. Through DRV PNK, we have raised over $50 million for cancer-related causes, demonstrating our commitment to making a positive difference in the lives of our Associates, Customers, and the communities we serve.
Please visit www.autonation.com, investors.autonation.com, and www.x.com/autonation, where AutoNation discloses additional information about the Company, its business, and its results of operations.
NON-GAAP FINANCIAL MEASURES
This news release and the attached financial tables contain certain non-GAAP financial measures as defined under SEC rules, which exclude certain items disclosed in the attached financial tables. As required by SEC rules, the Company provides reconciliations of these measures to the most directly comparable GAAP measures. The Company believes that these non-GAAP financial measures improve the transparency of the Company's disclosure, provide a meaningful presentation of the Company's results excluding the impact of items not related to the Company's ongoing core business operations, and improve the period-to-period comparability of the Company's results from its core business operations. Non-GAAP financial measures should not be considered a substitute for, or superior to, financial measures calculated and presented in accordance with GAAP.
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Words such as “anticipates,” “expects,” “estimates,” “intends,” “goals,” “targets,” “projects,” “plans,” “believes,” “continues,” “may,” “will,” “could,” and variations of such words and similar expressions are intended to identify such forward-looking statements. Statements regarding our strategic initiatives, partnerships, and investments, including AutoNation Finance, statements regarding our expectations for shareholder returns, potential tariff-related impacts, and the future performance of our business and the automotive retail industry, including during 2026, and other statements that describe our objectives, goals, or plans, are forward-looking statements. Our forward-looking statements reflect our current expectations concerning future results and events, and they involve known and unknown risks, uncertainties, and other factors that are difficult to predict and may cause our actual results, performance, or achievements to be materially different from any future results, performance, and achievements expressed or implied by these statements. These risks, uncertainties, and other factors include, among others: economic conditions, including changes in tariffs, unemployment, interest, and/or inflation rates, consumer demand, and fuel prices; our ability to implement successfully our strategic acquisitions, initiatives, partnerships, and investments; our ability to maintain or improve gross profit margins; our ability to maintain or gain market share; legal, reputational, and financial risks resulting from cyber incidents and the potential impact on our operating results; the receipt of any insurance or other recoveries in connection with any cyber incidents; our ability to successfully implement and maintain expense controls; our ability to maintain and enhance our retail brands and reputation and to attract consumers to our own digital channels; our ability to acquire and integrate successfully new acquisitions; restrictions imposed by vehicle manufacturers and our ability to obtain manufacturer approval for franchise acquisitions; the success and financial viability and the incentive and marketing programs of vehicle manufacturers and distributors with which we hold franchises; natural disasters and other adverse weather events; the resolution of legal and administrative proceedings; changes in automotive laws and regulation affecting our business, including fuel economy requirements; factors affecting our goodwill and other intangible asset impairment testing; and other factors described in our news releases and filings made under the securities laws, including, among others, our Annual Reports on Form 10-K, our Quarterly Reports on Form 10-Q and our Current Reports on Form 8-K. Forward-looking statements contained in this news release speak only as of the date of this news release, and we undertake no obligation to update these forward-looking statements to reflect subsequent events or circumstances.
AUTONATION, INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(In millions, except per share data)
Three Months Ended March 31,
2026
2025
Revenue:
New vehicle
$
3,011.0
$
3,248.1
Used vehicle
1,963.8
1,922.4
Parts and service
1,220.9
1,164.0
Finance and insurance, net
352.0
352.5
Other
4.4
3.4
Total revenue
6,552.1
6,690.4
Cost of sales:
New vehicle
2,866.5
3,073.2
Used vehicle
1,842.4
1,797.9
Parts and service
627.5
596.3
Other
4.6
3.1
Total cost of sales
5,341.0
5,470.5
Gross profit
1,211.1
1,219.9
AutoNation Finance income
9.4
0.1
Selling, general, and administrative expenses
842.2
821.9
Depreciation and amortization
63.0
61.8
Other expense, net(1)
1.0
0.3
Operating income
314.3
336.0
Non-operating income (expense) items:
Floorplan interest expense
(41.8
)
(46.5
)
Other interest expense
(48.0
)
(42.3
)
Other income (loss), net(2)
51.2
(13.2
)
Income before income taxes
275.7
234.0
Income tax provision
70.3
58.5
Net income
$
205.4
$
175.5
Diluted earnings per share
$
5.85
$
4.45
Diluted weighted average common shares outstanding
35.1
39.4
Common shares outstanding, net of treasury stock, at period end
33.9
37.9
AUTONATION, INC.
UNAUDITED SUPPLEMENTARY DATA
($ in millions, except per vehicle data)
Operating Highlights
Three Months Ended March 31,
2026
2025
$ Variance
% Variance
Revenue:
New vehicle
$
3,011.0
$
3,248.1
$
(237.1
)
(7.3
)
Retail used vehicle
1,819.6
1,792.1
27.5
1.5
Wholesale
144.2
130.3
13.9
10.7
Used vehicle
1,963.8
1,922.4
41.4
2.2
Finance and insurance, net
352.0
352.5
(0.5
)
(0.1
)
Total variable operations
5,326.8
5,523.0
(196.2
)
(3.6
)
Parts and service
1,220.9
1,164.0
56.9
4.9
Other
4.4
3.4
1.0
Total revenue
$
6,552.1
$
6,690.4
$
(138.3
)
(2.1
)
Gross profit:
New vehicle
$
144.5
$
174.9
$
(30.4
)
(17.4
)
Retail used vehicle
104.9
113.0
(8.1
)
(7.2
)
Wholesale
16.5
11.5
5.0
Used vehicle
121.4
124.5
(3.1
)
(2.5
)
Finance and insurance
352.0
352.5
(0.5
)
(0.1
)
Total variable operations
617.9
651.9
(34.0
)
(5.2
)
Parts and service
593.4
567.7
25.7
4.5
Other
(0.2
)
0.3
(0.5
)
Total gross profit
1,211.1
1,219.9
(8.8
)
(0.7
)
AutoNation Finance income
9.4
0.1
9.3
Selling, general, and administrative expenses
842.2
821.9
(20.3
)
(2.5
)
Depreciation and amortization
63.0
61.8
(1.2
)
Other expense, net
1.0
0.3
(0.7
)
Operating income
314.3
336.0
(21.7
)
(6.5
)
Non-operating income (expense) items:
Floorplan interest expense
(41.8
)
(46.5
)
4.7
Other interest expense
(48.0
)
(42.3
)
(5.7
)
Other income (loss), net
51.2
(13.2
)
64.4
Income before income taxes
$
275.7
$
234.0
$
41.7
17.8
Retail vehicle unit sales:
New
57,482
62,387
(4,905
)
(7.9
)
Used
65,818
68,000
(2,182
)
(3.2
)
123,300
130,387
(7,087
)
(5.4
)
Revenue per vehicle retailed:
New
$
52,382
$
52,064
$
318
0.6
Used
$
27,646
$
26,354
$
1,292
4.9
Gross profit per vehicle retailed:
New
$
2,514
$
2,803
$
(289
)
(10.3
)
Used
$
1,594
$
1,662
$
(68
)
(4.1
)
Finance and insurance
$
2,855
$
2,703
$
152
5.6
Total variable operations(1)
$
4,878
$
4,912
$
(34
)
(0.7
)
Operating Percentages
Three Months Ended March 31,
2026 (%)
2025 (%)
Revenue mix percentages:
New vehicle
46.0
48.5
Used vehicle
30.0
28.7
Parts and service
18.6
17.4
Finance and insurance, net
5.4
5.3
Other
—
0.1
100.0
100.0
Gross profit mix percentages:
New vehicle
11.9
14.3
Used vehicle
10.0
10.2
Parts and service
49.0
46.5
Finance and insurance
29.1
28.9
Other
—
0.1
100.0
100.0
Operating items as a percentage of revenue:
Gross profit:
New vehicle
4.8
5.4
Used vehicle - retail
5.8
6.3
Parts and service
48.6
48.8
Total
18.5
18.2
Selling, general, and administrative expenses
12.9
12.3
Operating income
4.8
5.0
Operating items as a percentage of total gross profit:
Selling, general, and administrative expenses
69.5
67.4
Operating income
26.0
27.5
AUTONATION, INC.
UNAUDITED SUPPLEMENTARY DATA
($ in millions)
Segment Operating Highlights
Three Months Ended March 31,
2026
2025
$ Variance
% Variance
Revenue:
Domestic
$
1,716.6
$
1,717.4
$
(0.8
)
—
Import
2,048.1
2,047.3
0.8
—
Premium luxury
2,441.5
2,576.5
(135.0
)
(5.2
)
Total Franchised Dealerships
6,206.2
6,341.2
(135.0
)
(2.1
)
Corporate and other
345.9
349.2
(3.3
)
(0.9
)
Total consolidated revenue
$
6,552.1
$
6,690.4
$
(138.3
)
(2.1
)
Segment income(1):
Domestic
$
78.1
$
69.0
$
9.1
13.2
Import
113.8
126.2
(12.4
)
(9.8
)
Premium luxury
154.8
178.7
(23.9
)
(13.4
)
Total Franchised Dealerships
346.7
373.9
(27.2
)
(7.3
)
AutoNation Finance income
9.4
0.1
9.3
Corporate and other
(83.6
)
(84.5
)
0.9
Add: Floorplan interest expense
41.8
46.5
(4.7
)
Operating income
$
314.3
$
336.0
$
(21.7
)
(6.5
)
Retail new vehicle unit sales:
Domestic
15,858
16,778
(920
)
(5.5
)
Import
26,779
28,003
(1,224
)
(4.4
)
Premium luxury
14,845
17,606
(2,761
)
(15.7
)
Retail used vehicle unit sales:
Domestic
17,907
18,424
(517
)
(2.8
)
Import
23,034
23,155
(121
)
(0.5
)
Premium luxury
18,174
19,017
(843
)
(4.4
)
Brand Mix - Retail New Vehicle Units Sold
Three Months Ended
March 31,
2026 (%)
2025 (%)
Domestic:
Ford, Lincoln
12.1
11.3
Chevrolet, Buick, Cadillac, GMC
10.4
10.7
Chrysler, Dodge, Jeep, Ram
5.1
4.9
Domestic total
27.6
26.9
Import:
Toyota
22.7
20.2
Honda
12.3
12.7
Hyundai
3.4
3.5
Subaru
3.9
4.1
Other Import
4.3
4.4
Import total
46.6
44.9
Premium Luxury:
Mercedes-Benz
9.2
9.7
BMW
8.6
9.2
Lexus
3.2
3.5
Audi
1.7
2.1
Jaguar Land Rover
1.9
2.2
Other Premium Luxury
1.2
1.5
Premium Luxury total
25.8
28.2
100.0
100.0
AutoNation Finance
Three Months Ended March 31,
2026
2025
$ Variance
Interest margin:
Interest and fee income
$
62.7
$
41.9
$
20.8
Interest expense
(24.4
)
(13.9
)
(10.5
)
Total interest margin
38.3
28.0
10.3
Provision for credit losses
(19.5
)
(18.9
)
(0.6
)
Total interest margin after provision for credit losses
18.8
9.1
9.7
Direct expenses(1)
(9.4
)
(9.0
)
(0.4
)
AutoNation Finance income
$
9.4
$
0.1
$
9.3
AUTONATION, INC.
UNAUDITED SUPPLEMENTARY DATA, Continued
($ in millions)
Capital Allocation
Three Months Ended March 31,
2026
2025
Capital expenditures
$
56.4
$
75.2
Cash paid for acquisitions, net of cash acquired
$
—
$
69.6
Cash received from divestitures, net of cash relinquished
$
12.7
$
—
Stock repurchases:
Aggregate purchase price(1)
$
300.0
$
224.8
Shares repurchased (in millions)
1.5
1.4
New Vehicle Floorplan Assistance and Expense
Three Months Ended March 31,
2026
2025
Variance
Floorplan assistance earned (included in cost of sales)
$
30.4
$
31.1
$
(0.7
)
New vehicle floorplan interest expense
(40.0
)
(44.0
)
4.0
Net new vehicle inventory carrying expense
$
(9.6
)
$
(12.9
)
$
3.3
Balance Sheet and Other Highlights
March 31, 2026
December 31, 2025
March 31, 2025
Cash and cash equivalents
$
65.5
$
58.6
$
70.5
Inventory
$
3,444.4
$
3,404.9
$
3,231.6
Floorplan notes payable
$
3,759.0
$
3,828.3
$
3,558.9
Auto loans receivable, net
$
2,371.2
$
2,140.2
$
1,397.7
Non-recourse debt
$
2,185.6
$
1,944.6
$
1,080.2
Non-vehicle debt
$
4,115.9
$
3,979.5
$
3,962.7
Equity
$
2,226.9
$
2,341.1
$
2,403.2
New days supply (industry standard of selling days)
46 days
45 days
38 days
Used days supply (trailing calendar month days)
35 days
38 days
36 days
AUTONATION, INC.
UNAUDITED SUPPLEMENTARY DATA, Continued
($ in millions, except per share data)
Comparable Basis Reconciliations(1)
Three Months Ended March 31,
Operating Income
Income Before
Income Taxes
Income Tax Provision(2)
Effective Tax Rate
Net Income
Diluted Earnings
Per Share(3)
2026
2025
2026
2025
2026
2025
2026
2025
2026
2025
2026
2025
As reported
$
314.3
$
336.0
$
275.7
$
234.0
$
70.3
$
58.5
25.5
%
25.0
%
$
205.4
$
175.5
$
5.85
$
4.45
Decrease in compensation expense related to market valuation changes in deferred compensation obligations(4)
(2.6
)
(1.5
)
—
—
—
—
—
—
$
—
$
—
Net (gain) loss on equity investments
—
—
(54.0
)
11.5
(13.2
)
2.8
(40.8
)
8.7
$
(1.16
)
$
0.22
Adjusted
$
311.7
$
334.5
$
221.7
$
245.5
$
57.1
$
61.3
25.8
%
25.0
%
$
164.6
$
184.2
$
4.69
$
4.68
Three Months Ended March 31,
SG&A
SG&A as a Percentage of Gross Profit (%)
2026
2025
2026
2025
As reported
$
842.2
$
821.9
69.5
67.4
Excluding:
Decrease in compensation expense related to market valuation changes in deferred compensation obligations
(2.6
)
(1.5
)
Adjusted
$
844.8
$
823.4
69.8
67.5
Free Cash Flow
Three Months Ended March 31,
2026
2025
Net cash provided by (used in) operating activities
$
22.2
$
(52.5
)
Net proceeds from (payments of) vehicle floorplan - non-trade
AutoNation (AN - Free Report) came out with quarterly earnings of $4.69 per share, missing the Zacks Consensus Estimate of $4.71 per share. This compares to earnings of $4.68 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -0.43%. A quarter ago, it was expected that this auto retailer would post earnings of $4.91 per share when it actually produced earnings of $5.08, delivering a surprise of +3.46%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
AutoNation, which belongs to the Zacks Automotive - Retail and Whole Sales industry, posted revenues of $6.55 billion for the quarter ended March 2026, missing the Zacks Consensus Estimate by 1.6%. This compares to year-ago revenues of $6.69 billion. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
AutoNation shares have added about 2.9% since the beginning of the year versus the S&P 500's gain of 5.3%.
What's Next for AutoNation?While AutoNation has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for AutoNation was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $5.47 on $7.01 billion in revenues for the coming quarter and $21.31 on $28.07 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Automotive - Retail and Whole Sales is currently in the bottom 25% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Titan Machinery (TITN - Free Report) , has yet to report results for the quarter ended April 2026.
This agriculture and construction equipment seller is expected to post quarterly loss of $0.61 per share in its upcoming report, which represents a year-over-year change of -5.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Titan Machinery's revenues are expected to be $493.22 million, down 17% from the year-ago quarter.
AutoNation (AN - Free Report) reported $6.55 billion in revenue for the quarter ended March 2026, representing a year-over-year decline of 2.1%. EPS of $4.69 for the same period compares to $4.68 a year ago.
The reported revenue represents a surprise of -1.6% over the Zacks Consensus Estimate of $6.66 billion. With the consensus EPS estimate being $4.71, the EPS surprise was -0.43%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how AutoNation performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Retail vehicle unit sales - Total: 123,300 versus the four-analyst average estimate of 128,790.Revenue per vehicle retailed - New: $52,382.00 versus $52,208.53 estimated by four analysts on average.Revenue per vehicle retailed - Used: $27,646.00 compared to the $26,605.80 average estimate based on four analysts.Gross profit per vehicle retailed - Finance and insurance: $2,855.00 versus $2,722.82 estimated by four analysts on average.Retail vehicle unit sales - Used: 65,818 versus the four-analyst average estimate of 67,774.Revenue- Other: $4.4 million compared to the $4.58 million average estimate based on four analysts. The reported number represents a change of +29.4% year over year.Revenue- New Vehicle: $3.01 billion versus the four-analyst average estimate of $3.18 billion. The reported number represents a year-over-year change of -7.3%.Revenue- Used Vehicle: $1.96 billion compared to the $1.9 billion average estimate based on four analysts. The reported number represents a change of +2.2% year over year.Revenue- Parts and service: $1.22 billion versus the four-analyst average estimate of $1.21 billion. The reported number represents a year-over-year change of +4.9%.Revenue- Finance and insurance net: $352 million compared to the $350.49 million average estimate based on four analysts. The reported number represents a change of -0.1% year over year.Revenue- Used Vehicle- Retail used vehicle: $1.82 billion compared to the $1.81 billion average estimate based on three analysts. The reported number represents a change of +1.5% year over year.Revenue- Used Vehicle- Wholesale: $144.2 million versus $130.46 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +10.7% change.View all Key Company Metrics for AutoNation here>>>
Shares of AutoNation have returned +7.4% over the past month versus the Zacks S&P 500 composite's +10.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Published in earnings earnings-estimates-revisions earnings-surprise
Key Takeaways AutoNation Q1 EPS and revenues missed estimates as sales fell and costs rose year over year.AN's new-vehicle revenues dropped on lower volumes, with units down 7.9% and profit per unit shrinking.AutoNation's parts, service and finance segments showed resilience, supporting overall profit. AutoNation, Inc. (AN - Free Report) reported first-quarter 2026 adjusted earnings of $4.69 per share, which missed the Zacks Consensus Estimate of $4.71 by 0.43%. Revenues amounted to $6.55 billion, which missed the Zacks Consensus Estimate of $6.66 billion by 1.6%. The top line declined from $6.69 billion reported in the first quarter of 2025.
The results showed a familiar pattern: strong performance in higher-margin businesses was offset by weaker sales volumes and higher costs. Adjusted free cash flow was $255.6 million, with a solid 155% conversion of adjusted net income.
AN’s Top-Line Miss Tied to Lower New-Vehicle RevenuesAN’s consolidated revenues declined as new-vehicle sales softened. New-vehicle revenues fell to $3.01 billion from $3.25 billion a year ago, mainly due to fewer cars being sold and a lower contribution from this segment.
New vehicle retail units sold dropped 7.9% year over year to 57,482 units. The average selling price (ASP) per new vehicle unit retailed was $52,382. Gross profit from the segment was $144.5 million, which declined 17.4% year over year. Gross profit per new vehicle retailed slid to $2,514, indicating profitability pressures in the new-vehicle channel versus the year-ago period.
AN’s Used and F&I Trends Show Resilience Despite VolumesAN’s used-vehicle results were more stable than new vehicles, helped by pricing and mix. Retail used-vehicle revenues increased 1.5% year over year to $1.82 billion, while used vehicle retail units sold declined 3.2% to 65,818 units. ASP per used vehicle unit retailed totaled $27,646. Gross profit from the segment was $104.9 million. Gross profit per used vehicle retailed totaled $1,594.
Revenues from wholesale used vehicles were up 10.7% to $144.2 million. Gross profit rose to $16.5 million from $11.5 million reported a year ago.
Finance and insurance remained a steady earnings contributor. Finance and insurance, net revenues were essentially flat at $352 million, and gross profit from the segment was $352 million. Gross profit per unit in this category improved to $2,855. Combined with used-vehicle dynamics, these steadier lines continued to support gross profit durability even as total retail units fell.
AutoNation’s After-Sales Business Again Carries the MixAutoNation’s parts and service operation delivered the clearest growth signal in the quarter. Parts and service revenues increased 4.9% year over year to $1.22 billion, supported by continued demand for maintenance and repair work.
Profitability remained strong in this area. Parts and service gross profit increased to $593.4 million from $567.7 million last year, making it the biggest contributor to overall profit and helping offset weaker new-vehicle performance.
AN Segment Performance Mixed Across RegionsRevenues from the Domestic segment totaled $1.72 billion. The segment’s income climbed 13.2% to $78.1 million.
Revenues from the Import segment totaled $2.05 billion. The segment’s income declined 9.8% to $113.8 million.
Premium Luxury segment sales fell 5.2% to $2.44 billion. The segmental income declined 13.4% year over year to $154.8 million.
AutoNation’s Expense Profile Pressures Operating LeverageGross profit was mostly steady, but costs moved higher. Total gross profit dipped slightly to $1.21 billion from $1.22 billion, while SG&A expenses rose to $842.2 million from $821.9 million, putting pressure on margins.
Operating income fell 6.5% year over year to $314.3 million. On a comparable basis, it declined to $311.7 million, while adjusted SG&A rose to 69.8% of gross profit from 67.5% last year, highlighting higher costs despite only a small change in gross profit.
AN Finance Growth and Capital Returns Stay in FocusAN’s captive finance platform expanded meaningfully and became a larger contributor to profitability. AutoNation Finance income improved to $9.4 million from $0.1 million a year ago, reflecting stronger net interest dynamics and portfolio scaling.
Cash deployment remained shareholder-friendly. Adjusted free cash flow was $255.6 million, and Capital expenditure in the quarter amounted to $56.4 million. Liquidity stood at roughly $1.6 billion at quarter-end, including $66 million of cash and $1.6 billion of available capacity under the revolving credit facility. At the end of the first quarter, non-vehicle debt was $4.12 billion.
During the quarter, the company bought back 1.5 million shares for $300 million. Currently, AN has $685 million remaining under its share repurchase program.
AN currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Peer ReleasesLithia Motors (LAD - Free Report) posted first-quarter 2026 adjusted earnings of $7.34 per share, down 4% from $7.66 a year ago. However, the bottom line beat the Zacks Consensus Estimate of $7.06 by 4%. Quarterly revenues rose 1% year over year to $9.27 billion but came in below the Zacks Consensus Estimate of $9.36 billion by 0.9%.
As of March 31, 2026, Lithia’s cash, restricted cash and cash equivalents totaled $421.3 million, up from $341.8 million at year-end 2025. The board approved a quarterly dividend of 57 cents per share, expected to be paid on May 22, 2026, to shareholders of record on May 8, 2026.
Penske Automotive Group, Inc. (PAG - Free Report) reported first-quarter 2026 adjusted earnings of $3.05 per share, which declined 15.0% year over year but topped the Zacks Consensus Estimate of $2.91 by 4.8%. Total revenues of $7.86 billion dipped 1.1% from the year-ago quarter and missed the consensus mark of $7.95 billion by 1.1%.
The company paid $92.6 million in dividends and repurchased 170,393 shares for $26.4 million. Liquidity was approximately $1.3 billion, including $83.7 million in cash and $1.2 billion of availability under credit agreements and revolving mortgage facilities. Balance sheet leverage increased, with long-term debt rising to $2.21 billion as of March 31, 2026.
$120,000 to fund a rebuild of the Arizona Association for Foster and Adoptive Parents community park; $10,000 to support a Make-A-Wish Arizona pediatric cancer patient from Phoenix Children’s Hospital
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--On May 29, AutoNation Subaru Scottsdale donated a combined $130,000 to two Arizona nonprofits during a day of giving led by General Manager, Sara Bishop.
The morning ceremony, held at the AZAFAP community park, featured the presentation of a $120,000 check, the largest single contribution that AutoNation Subaru Scottsdale has presented to the organization.
"Friday marked a meaningful milestone in our 12-year partnership with AZAFAP and our long-term commitment to driving out cancer through Make-A-Wish,” said Sara Bishop, General Manager at AutoNation Subaru Scottsdale. "From investing in the rebuild of this community park to creating a memorable camping experience for Elsa and her family, we are proud to help make a lasting impact across the Phoenix community.”
The event included the unveiling of architectural renderings for the new park, remarks from AutoNation, Subaru and AZAFAP leadership, and family-friendly activities for the families in attendance. The donation builds on a 12-year partnership between AutoNation Subaru Scottsdale and AZAFAP that has now totaled more than $230,000 in donations. Over the course of the partnership, the store has served as the lead sponsor of AZAFAP's annual back-to-school shoe drive, helping hundreds of children receive new shoes each year, and has supported the organization's Operation Warm jacket distribution and its annual holiday bike and toy drive.
"AutoNation Subaru Scottsdale is one of the most consistent and generous partners we have. For more than a decade, Sara and her team have shown up for our families," said Lynn Fox-Embrey, Treasurer of the Arizona Association for Foster and Adoptive Parents. "This investment will transform our community park into a space where our foster and adoptive families can come together for years to come."
The afternoon ceremony, held at the AutoNation Subaru Scottsdale store, marked a $10,000 donation to Make-A-Wish Arizona with a celebration for Elsa, a seven-year-old pediatric cancer patient from Phoenix Children's Hospital. Sara and her team hosted a camping-themed party, inspired by Elsa’s wish to go camping with her family. “We are grateful to Sara and the AutoNation Subaru Scottsdale team, for providing a day of joy for Elsa,” said Fran Mallace, President and CEO of Make-A-Wish Arizona “Donations like this are essential to our mission and will help us bring her wish to life, giving Elsa the chance to reconnect with nature and make new memories with her family.”
These donations reflect AutoNation's ongoing commitment to the communities it serves and to driving out cancer through its DRV PNK initiative, which has raised more than $50 million for cancer-related causes to date.
About AutoNation, Inc.
AutoNation, one of the largest automotive retailers in the United States, offers innovative products and exceptional services as part of a portfolio of comprehensive solutions for our customers and their automotive needs. With a nationwide network of dealerships strengthened by a recognized brand, we offer a wide variety of new and used vehicles, customer financing, parts, and expert maintenance and repair services. Through DRV PNK, we have raised over $50 million for cancer-related causes, demonstrating our commitment to making a positive difference in the lives of our Associates, Customers, and the communities we serve.
Please visit www.autonation.com, investors.autonation.com, and www.x.com/autonation, where AutoNation discloses additional information about the Company, its business, and its results of operations.
Arizona Association for Foster and Adoptive Parents
The Arizona Association of Foster and Adoptive Parents (AZAFAP) is a statewide nonprofit organization dedicated to supporting foster, adoptive, and kinship families throughout Arizona. AZAFAP provides advocacy, education, resources, and meaningful connections to help families navigate the unique journey of caring for children impacted by foster care. Through statewide events, family support programs, training opportunities, and children's basic needs resources, AZAFAP works to strengthen families, build supportive communities, and create positive experiences for children and caregivers alike.
About Make-A-Wish® Arizona
Make-A-Wish Arizona grants life-changing wishes for children with critical illnesses. Together with generous donors, supporters, staff and volunteers, Make-A-Wish delivers hope and joy to children and their families when they need it most. Make-A-Wish brings the power of wishing to every child with a critical illness because wish experiences can help improve emotional and physical health. Founded in Arizona in 1980, Make-A-Wish Arizona has granted more than 8,500 wishes in the local community, contributing to the more than 650,000 wishes granted worldwide; with more than 400,000 wishes in the U.S. and its territories alone. With 57 chapters nationwide, Make-A-Wish is the most trusted nonprofit operating locally across 50 states. For more information about Make-A-Wish Arizona, visit arizona.wish.org.
AutoNation remains a compelling long-term buy despite near-term economic headwinds and recent underperformance versus the S&P 500. AN faces declining new vehicle sales and margin compression, but resilient parts and service revenues bolster overall profitability. Used vehicle pricing is rising, indicating shifting consumer demand amid economic distress and supporting AN's diversified revenue streams.
ATLANTA--(BUSINESS WIRE)--AutoNation, Inc. (NYSE: AN) today announced its acquisition of Toyota of Newnan, effective June 8, 2026. The dealership has been renamed AutoNation Toyota Newnan and represents approximately $200 million in annual revenue and 4,900 retail new and used vehicle annual unit sales.
In 2025, AutoNation was the largest Toyota dealer in the U.S. by new vehicle sales volume combined for Toyota and Lexus brands. This acquisition marks AutoNation's 21st Toyota store nationwide and its third Toyota location in Georgia, further strengthening its footprint in a key market. With this addition, AutoNation now operates 19 locations in Georgia, including 1 premium luxury store, 2 domestic stores, 11 import stores, 3 collision centers, 1 AutoNation USA store, and 1 auction center.
"I am delighted to be adding another Toyota Franchise to our portfolio, and welcoming our new colleagues to AutoNation,” said Mike Manley, Chief Executive Officer. "This acquisition reflects our approach to growth through the addition of great assets in great markets, building density which yields additional group synergies and drives value creation for our shareholders."
About AutoNation, Inc.
AutoNation, one of the largest automotive retailers in the United States, offers innovative products and exceptional services as part of a portfolio of comprehensive solutions for our customers and their automotive needs. With a nationwide network of dealerships strengthened by a recognized brand, we offer a wide variety of new and used vehicles, customer financing, parts, and expert maintenance and repair services. Through DRV PNK, we have raised over $50 million for cancer-related causes, demonstrating our commitment to making a positive difference in the lives of our Associates, Customers, and the communities we serve.
Please visit www.autonation.com, investors.autonation.com, and www.x.com/autonation, where AutoNation discloses additional information about the Company, its business, and its results of operations.
AutoNation, Inc. (NYSE: AN) today announced its acquisition of Toyota of Newnan, effective June 8, 2026. The dealership has been renamed AutoNation Toyota Newnan and represents approximately $200 million in annual revenue and 4,900 retail new and used vehicle annual unit sales.
In 2025, AutoNation was the largest Toyota dealer in the U.S. by new vehicle sales volume combined for Toyota and Lexus brands. This acquisition marks AutoNation's 21st Toyota store nationwide and its third Toyota location in Georgia, further strengthening its footprint in a key market. With this addition, AutoNation now operates 19 locations in Georgia, including 1 premium luxury store, 2 domestic stores, 11 import stores, 3 collision centers, 1 AutoNation USA store, and 1 auction center.
"I am delighted to be adding another Toyota Franchise to our portfolio, and welcoming our new colleagues to AutoNation,” said Mike Manley, Chief Executive Officer. "This acquisition reflects our approach to growth through the addition of great assets in great markets, building density which yields additional group synergies and drives value creation for our shareholders."
About AutoNation, Inc.
AutoNation, one of the largest automotive retailers in the United States, offers innovative products and exceptional services as part of a portfolio of comprehensive solutions for our customers and their automotive needs. With a nationwide network of dealerships strengthened by a recognized brand, we offer a wide variety of new and used vehicles, customer financing, parts, and expert maintenance and repair services. Through DRV PNK, we have raised over $50 million for cancer-related causes, demonstrating our commitment to making a positive difference in the lives of our Associates, Customers, and the communities we serve.
Please visit www.autonation.com, investors.autonation.com, and www.x.com/autonation, where AutoNation discloses additional information about the Company, its business, and its results of operations.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260609954537/en/
