AutoNation (NYSE:AN) today announced financial results for the first quarter of 2025, reporting revenue and earnings that surpassed Wall Street expectations, driven by solid same-store growth and strategic acquisitions.
The automotive retailer reported first-quarter 2025 revenue of $6.7 billion, a 4% increase compared to the same period last year on a same-store basis.
AutoNation's net income for the quarter stood at $175.5 million.
Earnings per share (EPS) were reported at $4.45, with adjusted EPS reaching $4.68.
This compares favorably to an EPS of $4.49 reported in the first quarter of 2024.
The results exceeded analyst forecasts.
According to a survey of six analysts by Zacks Investment Research, the average estimate for AutoNation's first-quarter earnings was $4.35 per share.
Further contributing to the positive results, same-store gross profit increased by $35 million, or 3%, from a year ago, reaching $1.2 billion.
During the quarter, AutoNation completed acquisitions totalling $70 million, which are expected to add an annualised revenue of $220 million to the company's Domestic and Import segments.
The company also continued its share repurchase program, buying back $225 million of its common stock during the first quarter.