AutoNation Q2 Adj. EPS $6.29 Beats $5.90 Estimate, Sales $6.89B Beat $6.74B Estimate
Portfolio Pulse from Benzinga Newsdesk
AutoNation reported Q2 adjusted earnings of $6.29 per share, beating the analyst consensus estimate of $5.90 by 6.61%. However, this is a 2.93% decrease from the same period last year. The company also reported quarterly sales of $6.89 billion, beating the estimate of $6.74 billion by 2.23%, marking a 0.31% increase from the same period last year.
July 21, 2023 | 11:01 am
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AutoNation's Q2 earnings and sales beat estimates, but earnings decreased compared to last year. This mixed result could lead to uncertain market reactions.
While AutoNation beat estimates for both earnings and sales, the decrease in earnings compared to the same period last year could be a concern for investors. This could lead to a neutral or mixed market reaction in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100