AutoNation Reports Q3 2026 Earnings with Record After-Sales Profit Amid Declining Vehicle Sales
AutoNation (AN) achieved its seventh consecutive quarter of adjusted earnings per share growth, reporting $5.11 per share compared to $5.01 in the prior year. While total revenue remained relatively flat at $7.01 billion due to a 4% decline in retail vehicle units, record performance in the after-sales segment provided a significant buffer. After-sales gross profit reached a company record of $617 million, accounting for roughly half of the firm's total gross profit. The company faced headwinds in its core automotive segments, with new vehicle sales dropping 3% and used vehicle units falling 5%. A notable 60% decline in battery electric vehicle (BEV) sales was attributed to the expiration of federal incentives. Despite these volume pressures, AutoNation's captive finance business continues to scale, with a $2.9 billion portfolio and improved operating profits.
Tickers: $AN
Topics: after-sales profit earnings report EPS revenue share repurchases vehicle sales volume
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