In today’s first quarter reporting from AutoNation, it was stated that the first quarter EPS was $1.01 — up 4% compared to the first quarter 2017 EPS, and a record for first quarter results. Other findings include the following:
- Total revenue of $5.3 billion increased by 2% compared to year-ago period
- Same store revenue of $5.2 billion increased by 3% compared to the year-ago period
- Same store used vehicle gross profit was $82 million, up 9% compared to the year-ago period
- Same store Customer Financial Services gross profit was $238 million, up 10% compared to the year-ago period
AutoNation continues to move forward with its brand extension strategy through opening its fourth AutoNation Auto Auction location, as well as its fourth and fifth AutoNation USA dealerships. From coast to coast, AutoNation now owns and operates over 325 locations.