AutoNation Inc Stock Research

Market Summary

USD139.57+7.99

Market Closed

6.07%

AN Alerts

1 major insider sales recently.

AN Stock Price

AN RSI Chart

AN Valuation

Market Cap

6.4B

Price/Earnings (Trailing)

4.88

Price/Sales (Trailing)

0.24

EV/EBITDA

5.25

Price/Free Cashflow

5.45

AN Price/Sales (Trailing)

AN Profitability

Operating Margin

19.51%

EBT Margin

6.79%

Return on Equity

67.26%

Return on Assets

13.69%

Free Cashflow Yield

18.34%

AN Fundamentals

AN Revenue

Revenue (TTM)

26.6B

Revenue Y/Y

-5.24%

Revenue Q/Q

-4.45%

AN Earnings

Earnings (TTM)

1.3B

Earnings Y/Y

-20.27%

Earnings Q/Q

0.8%

Price Action

52 Week Range

94.92158.30

(Low)(High)

Last 7 days

-3.1%

Last 30 days

-2.4%

Last 90 days

-6.4%

Trailing 12 Months

8.9%

AN Financial Health

Current Ratio

0.92

Debt/Equity

1.75

Debt/Cashflow

0.47

AN Investor Care

Buy Backs (1Y)

23.62%

Diluted EPS (TTM)

24.63

Peers (Alternatives to AutoNation)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
HD	298.0B	155.8B	-2.00%	-1.03%	17.79	1.91	2.09%	1.38%
ORLY	54.7B	14.8B	-4.40%	43.33%	24.76	3.69	9.53%	2.92%
AZO	44.5B	16.9B	-12.18%	16.63%	18.42	2.64	8.24%	0.40%
KMX	11.8B	29.7B	0.67%	-27.07%	24.35	0.4	-6.95%	-57.89%
MID-CAP
PAG	9.6B	28.2B	-2.14%	20.25%	7.29	0.34	5.32%	-4.57%
LAD	6.8B	28.5B	5.13%	-21.32%	5.97	0.24	12.95%	-8.74%
AN	6.4B	26.6B	-2.42%	8.85%	4.88	0.24	-0.23%	-12.82%
MUSA	6.3B	23.4B	1.71%	14.11%	9.39	0.27	23.56%	26.88%
ABG	4.7B	15.1B	4.50%	10.93%	5.02	0.31	27.26%	31.47%
AAP	4.0B	11.2B	-45.19%	-62.25%	7.98	0.36	1.43%	-18.54%
SMALL-CAP
TA	1.3B	10.8B	-0.81%	138.96%	9.18	0.12	33.09%	75.40%
CWH	903.1M	6.8B	22.00%	3.20%	6.59	0.13	-3.23%	-54.58%
CRMT	566.6M	1.4B	2.43%	-25.60%	13.17	0.41	22.55%	-61.62%
LAZY	158.6M	1.2B	1.33%	-35.55%	4.19	0.13	-7.00%	-62.71%
LMPX	92.2M	-	64.08%	-52.53%	1.2K	0.29	-	-

Financials for AutoNation

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	-1.3%	26,631	26,985	26,870	26,584	26,693
Cost Of Revenue	-1.5%	21,388	21,720	21,565	21,320	21,464
Gross Profit	-0.4%	5,243	5,265	5,305	5,264	5,229
S&GA Expenses	1.4%	3,067	3,026	3,015	2,976	2,970
EBITDA	-5.6%	1,968	2,086	2,076	2,070	-
EBITDA Margin	-6.0%	0.07*	0.08*	0.08*	0.08*	-
Earnings Before Taxes	-5.3%	1,736	1,834	1,962	1,962	1,969
EBT Margin	-6.9%	0.07*	0.07*	0.07*	0.07*	-
Interest Expenses	8.5%	146	135	124	115	101
Net Income	-5.3%	1,304	1,377	1,478	1,487	1,496
Net Income Margin	-7.2%	0.05*	0.06*	0.06*	0.06*	-
Free Cahsflow	9.7%	1,339	1,221	1,333	1,514	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	3.0%	10,361	10,060	9,415	9,308	9,358
Current Assets	0.5%	3,153	3,138	3,075	3,131	3,250
Cash Equivalents	-19.7%	58.00	73.00	443	337	608
Inventory	7.2%	2,196	2,048	1,851	1,905	1,698
Net PPE	1.4%	3,656	3,607	3,499	3,466	3,414
Goodwill	9.9%	1,450	1,320	1,233	1,233	1,233
Current Liabilities	11.0%	3,781	3,406	2,935	2,780	2,805
Long Term Debt	-0.1%	3,585	3,587	3,533	3,535	3,537
Shareholder's Equity	-1.3%	2,020	2,048	2,255	2,325	2,346
Retained Earnings	6.7%	3,911	3,664	5,673	5,320	4,944
Additional Paid-In Capital	-3.2%	3.00	3.00	9.00	5.00	2.00
Accumulated Depreciation	5.3%	2,000	1,900	1,900	1,900	1,800
Shares Outstanding	-4.2%	46.00	48.00	52.00	56.00	60.00

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	-8.0%	1,535	1,668	1,512	1,592	1,745
Share Based Compensation	-2.5%	31.00	32.00	30.00	29.00	30.00
Cashflow From Investing	-51.5%	-726	-479	-482	-600	-589
Cashflow From Financing	-15.6%	-1,333	-1,154	-658	-715	-896
Buy Backs	-1.6%	1,673	1,700	1,559	2,082	2,350

Risks for AN

What is the probability of a big loss on AN?

73.8%

Probability that AutoNation stock will be more than 20% underwater in next one year

36.5%

Probability that AutoNation stock will be more than 30% underwater in next one year.

23.5%

Probability that AutoNation stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does AN drawdown profile look like?

Y-axis is the maximum loss one would have experienced if AutoNation was unfortunately bought at previous high price.

Drawdowns

Returns for AN

Cumulative Returns on AN

11.0%

10-Year Cumulative Returns

15.0%

7-Year Cumulative Returns

23.1%

5-Year Cumulative Returns

49.5%

3-Year Cumulative Returns

What are the long-term rolling returns for AN?

FIve years rolling returns for AutoNation.

Annualized Returns

Which funds bought or sold AN recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-26	ProShare Advisors LLC	reduced	-6.44	40,045	273,423	-%
2023-05-25	Brandywine Global Investment Management, LLC	added	85.98	22,431,300	39,312,100	0.16%
2023-05-23	Capital Impact Advisors, LLC	reduced	-24.99	-29,201	451,718	0.55%
2023-05-23	Toroso Investments, LLC	added	351	1,215,000	1,476,000	0.03%
2023-05-22	PUTNAM INVESTMENTS LLC	reduced	-26.2	-220,260	2,684,240	-%
2023-05-22	AMERIPRISE FINANCIAL INC	reduced	-36.33	-2,151,750	8,631,250	-%
2023-05-18	JPMORGAN CHASE & CO	added	4.65	25,959,300	109,591,000	0.01%
2023-05-18	NEW YORK STATE COMMON RETIREMENT FUND	reduced	-4.76	672,000	4,163,000	0.01%
2023-05-17	Thrivent Financial for Lutherans	reduced	-0.48	400,000	2,023,000	-%
2023-05-17	Advisory Services Network, LLC	added	26.43	110,804	300,832	0.01%

Latest Funds Activity

Are funds buying AN calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own AN

No. of Funds

AN Alerts

1 major insider sales recently.

AutoNation News

Schedule 13G FIlings of AutoNation

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 21, 2023	cascade investment, l.l.c.	21.0%	9,871,303	SC 13D
Feb 09, 2023	vanguard group inc	8.37%	4,147,548	SC 13G/A
Feb 01, 2023	blackrock inc.	6.8%	3,372,373	SC 13G/A
Jan 04, 2023	esl partners, l.p.	0.1%	4,408	SC 13D/A
Oct 14, 2022	esl partners, l.p.	0.1%	4,408	SC 13D/A
Sep 29, 2022	esl partners, l.p.	0.1%	4,408	SC 13D/A
Aug 01, 2022	esl partners, l.p.	0.1%	4,408	SC 13D/A
May 31, 2022	esl partners, l.p.	0.1%	4,408	SC 13D/A
May 09, 2022	esl partners, l.p.	0.1%	4,408	SC 13D/A
Feb 11, 2022	cascade investment, l.l.c.	15.1%	9,871,303	SC 13G/A

AN Fair Value

Show Fair-Value

Recent SEC filings of AutoNation

View All Filings

Date Filed	Form Type	Document
Jun 01, 2023	4	Insider Trading
May 30, 2023	144	Notice of Insider Sale Intent
May 30, 2023	144/A	144/A
May 26, 2023	144	Notice of Insider Sale Intent
May 16, 2023	8-K	Current Report
May 09, 2023	4	Insider Trading
May 05, 2023	144	Notice of Insider Sale Intent
May 03, 2023	4	Insider Trading
May 01, 2023	8-K	Current Report
May 01, 2023	144	Notice of Insider Sale Intent

Latest Insider Trading transactions for AN

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-05-30	LAMPERT EDWARD S	sold	-7,870,230	140	-55,914	-
2023-05-05	LAMPERT EDWARD S	sold	-4,201,120	133	-31,477	-
2023-05-01	LAMPERT EDWARD S	sold	-5,104,780	137	-37,156	-
2023-04-14	LAMPERT EDWARD S	sold	-2,381,120	135	-17,637	-
2023-04-03	LAMPERT EDWARD S	sold	-6,394,580	135	-47,239	-
2023-03-31	LAMPERT EDWARD S	sold	-6,681,830	133	-50,000	-
2023-03-09	CANNON MARC G	sold	-838,200	144	-5,800	evp & chief cust exp officer
2023-03-08	Koehler David L	acquired	-	-	985	coo - non franchised business
2023-03-08	Koehler David L	sold (taxes)	-55,301	142	-388	coo - non franchised business
2023-03-08	CANNON MARC G	sold	-426,000	142	-3,000	evp & chief cust exp officer

About AutoNation

Michael M. Manley

www.autonation.com

22200

AutoNation, Inc., through its subsidiaries, operates as an automotive retailer in the United States. The company operates through three segments: Domestic, Import, and Premium Luxury. It offers a range of automotive products and services, including new and used vehicles; and parts and services, such as automotive repair and maintenance, and wholesale parts and collision services. The company also provides automotive finance and insurance products comprising vehicle services and other protection products, as well as arranges finance for vehicle purchases through third-party finance sources. As of December 31, 2021, it owned and operated 339 new vehicle franchises from 247 stores located primarily in metropolitan markets in the Sunbelt region. The company also owned and operated 57 AutoNation-branded collision centers, 9 AutoNation USA used vehicle stores, 4 AutoNation-branded automotive auction operations, and 3 parts distribution centers. AutoNation, Inc. was founded in 1991 and is headquartered in Fort Lauderdale, Florida.

AN Income Statement

2023-03-31

Unaudited Condensed Consolidated Statements Of Income - USD ($)
shares in Millions, $ in Millions

3 Months Ended

Mar. 31, 2023

Mar. 31, 2022

TOTAL REVENUE

$ 6,398.7

$ 6,752.8

TOTAL COST OF SALES

5,112.3

5,443.9

TOTAL GROSS PROFIT

1,286.4

1,308.9

Selling, general, and administrative expenses

782.7

741.4

Depreciation and amortization

52.8

50.0

Other (income) expense, net

7.6

(1.5)

OPERATING INCOME

443.3

519.0

Non-operating income (expense) items:

Floorplan interest expense

(27.1)

(5.2)

Other interest expense

(41.1)

(29.6)

Other income (loss), net

5.2

(6.4)

INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES

380.3

477.8

Income tax provision

92.5

115.7

NET INCOME FROM CONTINUING OPERATIONS

287.8

362.1

Income from discontinued operations, net of income taxes

0.9

0.0

NET INCOME

$ 288.7

$ 362.1

BASIC EARNINGS PER SHARE:

Continuing operations (in dollars per share)

^[1]

$ 6.10

$ 5.83

Discontinued operations (in dollars per share)

^[1]

0.02

Net income (in dollars per share)

^[1]

$ 6.12

$ 5.83

Weighted average common shares outstanding (in shares)

47.2

62.1

DILUTED EARNINGS PER SHARE:

Continuing operations (in dollars per share)

^[1]

$ 6.05

$ 5.78

Discontinued operations (in dollars per share)

^[1]

0.02

Net income (in dollars per share)

^[1]

$ 6.07

$ 5.78

Weighted average common shares outstanding (in shares)

47.6

62.6

COMMON SHARES OUTSTANDING, net of treasury stock, at period end (in shares)

45.6

59.7

New vehicle

TOTAL REVENUE

$ 2,931.9

$ 2,807.2

TOTAL COST OF SALES

2,645.0

2,462.2

TOTAL GROSS PROFIT

286.9

345.0

Used vehicle

TOTAL REVENUE

2,032.6

2,572.4

TOTAL COST OF SALES

1,878.2

2,435.8

TOTAL GROSS PROFIT

154.4

136.6

Parts and service

TOTAL REVENUE

1,089.8

1,003.9

TOTAL COST OF SALES

578.7

542.8

TOTAL GROSS PROFIT

511.1

461.1

Finance and insurance, net

TOTAL REVENUE

332.4

363.9

TOTAL GROSS PROFIT

332.4

363.9

Other

TOTAL REVENUE

12.0

5.4

TOTAL COST OF SALES

10.4

3.1

TOTAL GROSS PROFIT

$ 1.6

$ 2.3

[1]	(1) EPS amounts are calculated discretely and, therefore, may not add up to the total due to rounding.

AN Balance Sheet

2023-03-31

Unaudited Condensed Consolidated Balance Sheets - USD ($)

Mar. 31, 2023

Dec. 31, 2022

ASSETS

Cash and cash equivalents

$ 58,300,000

$ 72,600,000

Receivables, net

742,700,000

858,800,000

Inventory

2,196,200,000

2,048,300,000

Other current assets

155,800,000

158,300,000

Total Current Assets

3,153,000,000

3,138,000,000

AUTO LOANS RECEIVABLE, net of allowance for credit losses of $61.3 million and $57.5 million respectively.

326,900,000

303,100,000

PROPERTY AND EQUIPMENT, net of accumulated depreciation of $2.0 billion and $1.9 billion, respectively

3,656,000,000

3,607,200,000

OPERATING LEASE ASSETS

328,800,000

323,500,000

GOODWILL

1,450,200,000

^[1]

1,320,100,000

OTHER INTANGIBLE ASSETS, NET

880,300,000

837,000,000.0

OTHER ASSETS

565,600,000

530,800,000

Total Assets

10,360,800,000

10,059,700,000

LIABILITIES AND SHAREHOLDERS’ EQUITY

Vehicle floorplan payable

2,185,700,000

2,109,300,000

Accounts payable

347,100,000

327,600,000

Commercial paper

285,000,000

50,000,000

Current maturities of long-term debt

12,700,000

12,600,000

Current portion of non-recourse debt

12,000,000.0

10,700,000

Accrued payroll and benefits

228,000,000.0

238,000,000.0

Other current liabilities

710,300,000

657,500,000

Total Current Liabilities

3,780,800,000

3,405,700,000

LONG-TERM DEBT, NET OF CURRENT MATURITIES

3,584,700,000

3,586,900,000

NON-RECOURSE DEBT, NET OF CURRENT PORTION

271,400,000

312,900,000

NONCURRENT OPERATING LEASE LIABILITIES

300,100,000

296,900,000

DEFERRED INCOME TAXES

58,100,000

76,500,000

OTHER LIABILITIES

345,400,000

333,000,000.0

COMMITMENTS AND CONTINGENCIES (Note 14)

SHAREHOLDERS’ EQUITY:

Common stock, par value $0.01 per share; 1,500,000,000 shares authorized; 63,562,149 shares issued at March 31, 2023, and December 31, 2022, including shares held in treasury

600,000

Additional paid-in capital

3,000,000.0

3,100,000

Retained earnings

3,910,600,000

3,663,700,000

Treasury stock, at cost; 17,953,753 and 15,915,358 shares held, respectively

(1,893,900,000)

(1,619,600,000)

Total Shareholders’ Equity

2,020,300,000

2,047,800,000

Total Liabilities and Shareholders’ Equity

10,360,800,000

10,059,700,000

Trade

LIABILITIES AND SHAREHOLDERS’ EQUITY

Vehicle floorplan payable

1,088,600,000

946,600,000

Non-Trade

LIABILITIES AND SHAREHOLDERS’ EQUITY

Vehicle floorplan payable

$ 1,097,100,000

$ 1,162,700,000

[1]	(1) The change in goodwill from the prior period is due to the acquisition of the mobile repair and maintenance business we acquired in January 2023. Such goodwill is reflected in our Mobile Service reporting unit.