AutoNation's Q3 Stalls: Earnings And Sales Miss Street View As CDK Outage Takes A Toll
Portfolio Pulse from Nabaparna Bhattacharya
AutoNation, Inc. (NYSE:AN) reported Q3 earnings and sales that missed analyst expectations, largely due to a CDK outage. The company saw declines in various segments, with a notable drop in gross profit. Despite some divestitures, AN shares fell 4.07% premarket.
October 25, 2024 | 12:46 pm
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AutoNation's Q3 earnings and sales missed expectations, impacted by a CDK outage. The company saw declines in revenue and gross profit across segments, leading to a 4.07% drop in share price premarket.
AutoNation's Q3 results were below expectations due to the CDK outage, affecting earnings and sales. The decline in gross profit and segment revenues contributed to the negative market reaction, causing a 4.07% drop in share price premarket.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100