Autonation, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 19, 2021 at 06:58 am EDT
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AutoNation, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was USD 6,978.4 million compared to USD 4,533 million a year ago. Operating income was USD 530.2 million compared to USD 201.4 million a year ago. Net income was USD 384.8 million compared to USD 376.5 million a year ago. Diluted earnings per share was USD 4.83 compared to USD 3.18 a year ago. For the half year, total revenue was USD 12,882.2 million compared to USD 9,200 million a year ago. Operating income was USD 867.1 million compared to operating loss of USD 17.9 million a year ago. Net income was USD 624.2 million compared to USD 47.5 million a year ago. Diluted earnings per share was USD 7.63 compared to USD 0.53 a year ago. Diluted earnings per share from continuing operations was USD 7.63 compared to USD 0.54 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.