![AUTONATION, INC. [AN] reports annual net loss of $1.0 billion](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FAN.png&w=1200&q=75)
AUTONATION, INC. [AN] has reported a net loss of $1.0 billion for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $26.9 billion
Based in FORT LAUDERDALE, Florida, AUTONATION, INC. operates in the RETAIL sector.
In the Consolidated Statements of Income for the 12 Months Ended Dec. 31, 2023, the financial figures are compared to the same period in 2022 and 2021.
The total revenue for the current reporting period was $26.95 billion, slightly lower than the previous year's revenue of $26.98 billion but higher than 2021's revenue of $25.84 billion.
The total cost of sales for the current period amounted to $21.82 billion, showing a slight increase from the previous year's $21.72 billion and 2021's $20.89 billion.
The operating income for the current period stood at $1.65 billion, a decrease from the previous year's $2.02 billion but higher than 2021's $1.90 billion.
The net income for the current period was $1.02 billion, slightly lower than the previous year's $1.38 billion but higher than 2021's $1.37 billion.
In terms of earnings per share, the basic earnings per share for continuing operations were $22.87 for the current period, compared to $24.47 in the previous year and $18.51 in 2021. The diluted earnings per share for continuing operations were $22.72 for the current period, down from $24.30 in the previous year and $18.31 in 2021.
The New Vehicle segment reported total revenue of $12.77 billion, an increase from $11.75 billion in the previous year but a decrease from 2021's $12.08 billion.
The Used Vehicle segment reported total revenue of $8.20 billion, a decrease from $9.66 billion in the previous year and $8.64 billion in 2021.
The Parts and Service segment reported total revenue of $4.53 billion, up from $4.10 billion in the previous year and $3.71 billion in 2021.
The Finance and Insurance segment reported total revenue of $1.42 billion, consistent with the previous year and 2021.
The Product and Service, Other segment reported total revenue of $30.5 million, $30.9 million, and $32.4 million for the current period, the previous year, and 2021 respectively.
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