AutoNation, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 27, 2022 at 07:11 am EDT
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AutoNation, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was USD 6,666 million compared to USD 6,379.5 million a year ago. Net income was USD 352.6 million compared to USD 361.7 million a year ago. Diluted earnings per share from continuing operations was USD 6.31 compared to USD 5.12 a year ago. Diluted earnings per share was USD 6.31 compared to USD 5.12 a year ago.
For the nine months, revenue was USD 20,288 million compared to USD 19,261.7 million a year ago. Net income was USD 1,091 million compared to USD 985.9 million a year ago. Diluted earnings per share from continuing operations was USD 18.53 compared to USD 12.63 a year ago. Diluted earnings per share was USD 18.52 compared to USD 12.62 a year ago.
AutoNation, Inc., through its subsidiaries, is an automotive retailer in the United States. The Company operates through three segments: Domestic, Import and Premium Luxury. Its Domestic segment consists of retail automotive franchises that sell new vehicles manufactured by General Motors, Ford, and Stellantis. Its Import segment consists of retail automotive franchises that sell new vehicles manufactured primarily by Toyota, Honda, Hyundai, Subaru, and Nissan. Its Premium Luxury segment consists of retail automotive franchises that sell new vehicles manufactured primarily by Mercedes-Benz, BMW, Audi, Lexus, Jaguar, Bentley, and Land Rover. The franchises in each segment also sell used vehicles, parts and automotive repair and maintenance services, and automotive finance and insurance products. It owns and operates approximately 349 new vehicle franchises from 252 stores located in the United States, primarily in metropolitan markets in the Sunbelt region.
AUTONATION, INC. 
