
AutoNation reported its fourth-quarter earnings for 2024, revealing an adjusted earnings per share (EPS) of $4.97, surpassing analysts' expectations of $4.26. The company's revenue reached $7.21 billion, exceeding the estimated $6.80 billion and marking an 8% increase year-over-year. New vehicle sales contributed significantly, with a 13% rise, while used vehicle same-store gross profit rose 14%. Despite these gains, AutoNation's net income declined by 14% to $186 million, and the basic EPS fell to $4.64, an 8% decrease from the previous year. The gross profit margin was reported at 17.2%, slightly below the estimated 17.52%. In addition, Generac Holdings Inc. announced its fourth-quarter results, reporting an adjusted EPS of $2.80, beating the estimate of $2.52, and a revenue of $1.23 billion, which was slightly below the expected $1.25 billion. Generac's net income increased to $117 million, reflecting a 16% revenue growth year-over-year driven by strong demand for home standby generators. Sonic Automotive also reported a successful quarter, with an EPS of $1.67, beating the estimate of $1.48, and sales of $3.90 billion, exceeding the forecast of $3.61 billion.
A good read through for gas-powered reciprocating-engine generator makers/installers. $CMI $CAT Wartsila $PSIX, $iesc. https://t.co/f1f762flrO
Sonic Automotive Inc. posted increased fourth-quarter net income and an all-time quarterly record for revenue, aided by higher new- and used-vehicle sales. https://t.co/ZpZpXilevr https://t.co/Bs8Rf5TOVK
Lithia Motors Inc.‘s net income was flat during the fourth quarter, the company said, up by less than a percent to $217.2 million despite the dealership group setting a quarterly revenue record. Lithia’s year-over-year results were aided by the revenue ... https://t.co/sETcvYJCfn https://t.co/qMD96DxsaX






