AutoNation, America’s largest automotive retailer, on Thursday said 2006 first-quarter net income from continuing operations was $US98m or $0.37 per share, compared to $89m or $0.33 per share a year ago, an increase of 12% per share.
Go deeper with GlobalData
Q1 revenue rose 4% to $4.7bn, with revenue growth in new vehicles of 2%, retail used vehicles of 5%, parts and service of 5%, and finance and insurance of 5%.
“New vehicle revenue was driven by a 15% increase in premium luxury revenue,”AutoNation said when announcing the results.
Gross profit increased 4% and was up in all areas of the business.
Operating income was up 2% to a first-quarter record of $203m.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
