AN · AutoNation
AI read · Good for AN
The AI's read
The gains came from service and financing. After-sales supplied half of gross profit, and quarterly finance profit rose from $2 million to $15 million. Year-to-date free cash flow was $739 million, supporting business investment and $620 million in share repurchases. Those repurchases cut the share count about 12%. Adjusted profit per share rose only about 2%, but the gains across service, financing, and cash flow make the report favorable.