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AutoNation Retail Sales Up 21% Y/Y in September, 7% in Q3

AutoNation, Inc.AN reported that its retail new vehicle sales increased 21% year over year to 29,046 units in Sep 2015. On a same-store basis, retail new vehicle sales were up 18% from the year-ago figure. Sep 2015 includes one more selling day compared to Sep 2014.

Segment Results

Retail new vehicle unit sales in AutoNation's Domestic segment improved 27% to 9,306 vehicles. The segment comprises retail automotive franchises that sell vehicles manufactured by Ford Motor Co. F , Chrysler and other automakers.

Sales at AutoNation's Import segment increased a substantial 17% to 13,593 vehicles in Sep 2015 from the corresponding month last year. The segment covers retail automotive franchises that sell vehicles manufactured by Toyota Motor Corporation TM , Honda Motor Co., Ltd. HMC and others.

In the Premium Luxury segment, sales advanced 20% year over year to 6,147 vehicles in the month. This segment consists of retail automotive franchises which offer vehicles made by Mercedes Benz, BMW, Lexus and other carmakers.

Quarterly Sales

AutoNation recorded a year-over-year increase of nearly 7% in new vehicle sales to 89,953 units in the third quarter of 2015. On a same-store basis, retail new vehicle sales improved 5% year over year in the quarter. Domestic segment's sales grew 13% to 29,202 units, Import segment sales inched up 1% to 42,668 vehicles, and Premium Luxury segment's sales advanced 14% to 18,083 units in the quarter.

Earnings Preview

AutoNation, which currently carries a Zacks Rank #2 (Buy), is set to report third-quarter 2015 results on Oct 27. In the trailing four quarters, it delivered an average positive earnings surprise of 6.51%. The Zacks Consensus Estimate for third-quarter 2015 stands at $1.05 per share.

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FORD MOTOR CO (F): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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