AutoNation Q1 Adj. Profit Declines; Same Store Revenue Down 5% - Quick Facts

(RTTNews) - AutoNation, Inc. (AN) reported first quarter adjusted profit per share from continuing operations of $0.91 compared to $0.95, prior year. On average, ten analysts polled by Thomson Reuters expected the company to report profit per share of $0.69, for the quarter. Analysts' estimates typically exclude special items.

First quarter same store revenue was $4.7 billion, a decrease of 5% compared to the same period a year ago. Analysts expected revenue of $4.61 billion for the quarter. Under the amended and restated credit agreement, the company has a $1.8 billion revolving credit facility that matures on March 26, 2025. As of May 8, 2020, the company had in excess of $1.4 billion of liquidity, including over $750 million of cash and approximately $650 million of availability under revolving credit facility.