AutoNation Q2 Profit Rises - Quick Facts

(RTTNews) - AutoNation Inc. (AN), automotive retailer, reported that its second quarter 2015 net income rose to $115.1 million or $1.00 per share, from $100.4 million or $0.83 per share in the prior year.

Analysts polled by Thomson Reuters expected the company to report earnings of $1.02 per share for the quarter. Analysts' estimates typically exclude special items.

Revenue in the latest second quarter totaled $5.22 billion, up 9% from $4.79 billion in the prior year, while nine analysts had a consensus revenue estimate of $5.25 billion for the quarter. The increase was driven by stronger performance in all business sectors - new vehicles, used vehicles, parts and service, and finance and insurance.

In the second quarter of 2015, AutoNation's retail new vehicle unit sales increased 6% overall and 4% on a same store basis, while retail used vehicle unit sales increased 9% overall and 7% on a same store basis.

Mike Jackson, Chairman, Chief Executive Officer and President said, "AutoNation delivered its 19th consecutive quarter of double-digit year-over-year growth in EPS. We reconfirm our expectation of U.S. industry new vehicle unit sales to be above 17 million units in 2015."