) total retail new vehicle sales increased 9% year over year to
22,914 units in Oct 2013. On a same-store basis, retail new
vehicle sales improved 4% from Oct 2012 to 21,833 units.
Retail new vehicle unit sales in AutoNation's Domestic segment
increased 9% to 7,003 vehicles. The segment comprises retail
automotive franchises that sell vehicles manufactured by
Ford Motor Co.
), Chrysler and others.
Sales in AutoNation's Import segment escalated 8% to 10,744
vehicles in Oct 2013. The segment covers retail automotive
franchises that sell vehicles manufactured by
Toyota Motor Corporation
Honda Motor Co., Ltd.
) and others.
In the Premium Luxury segment of AutoNation, sales jumped 13%
to 5,167 vehicles during the month. Retail automotive franchises
selling vehicles manufactured by Mercedes Benz, BMW, Lexus and
others constitute this segment.
AutoNation reported all-time record earnings from operations
in the third quarter of 2013. The company posted a 13.6% rise in
earnings per share to 75 cents in the third quarter from 66 cents
in the same quarter of 2012. However, earnings missed the Zacks
Consensus Estimate by 3 cents. This was the fourth straight
quarter in which the company reported record earnings.
Revenues increased 13.7% to $4.47 billion, in line with the
Zacks Consensus Estimate. The revenue growth was attributable to
strong performance across all business sectors. The company's
Domestic segment performed the best in the quarter.
Based in Fort Lauderdale, Fla., AutoNation is the largest
automotive retailer in the U.S. The company owns and operates
about 267 new vehicle franchises that offer 33 brands across
major metropolitan cities in 15 states.
AutoNation currently retains a Zacks Rank #3 (Hold).
AUTONATION INC (AN): Free Stock Analysis
FORD MOTOR CO (F): Free Stock Analysis Report
HONDA MOTOR (HMC): Free Stock Analysis Report
TOYOTA MOTOR CP (TM): Free Stock Analysis
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