AutoNation Q3 Adj EPS $5.54 Beats $5.49 Estimate, Sales $6.89B Beat $6.71B Estimate
Portfolio Pulse from Benzinga Newsdesk
AutoNation reported Q3 adjusted earnings of $5.54 per share, beating the analyst consensus estimate of $5.49 by 0.91 percent. This is a 7.67 percent decrease from the same period last year. The company also reported quarterly sales of $6.89 billion, beating the analyst consensus estimate of $6.71 billion by 2.70 percent, a 3.39 percent increase from the same period last year.
October 27, 2023 | 11:01 am
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AutoNation's Q3 earnings and sales beat estimates, but earnings are down 7.67% YoY. Sales are up 3.39% YoY.
AutoNation's Q3 earnings and sales beat analyst estimates, which is generally a positive signal for the stock. However, the YoY decrease in earnings may temper investor enthusiasm, potentially limiting the positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100