Impressive news. On July 15, AutoNation’s stock was at $106.32. However, in today’s pre-market it is currently at $101.44, resulting in a 4.5% loss. Despite this, the company has an impressive record to tell. The company today announced the second quarter of 2021 net income from operations of $385 million, or $4.83 per share. Second-quarter of 2020 net income from operations was $280 million, or $3.18 per share.
Here is the summary. Second-quarter 2021 GAAP EPS from continuing operations was an all-time record of $4.83, a boost of 52% compared to the second quarter of 2020 GAAP EPS from operations of $3.18, and an increase of 243% compared to second quarter 2020 adjusted EPS from continuing operations of $1.41. There were no adjustments in the second quarter of 2021.
Second-quarter 2021 total revenue was an all-time record $7.0 billion; same-store revenue of $7.0 billion increased 54% compared to the same period a year ago and increased 33% compared to the second quarter of 2019. Second-quarter 2021 same-store gross profit risen by 68% compared to the same period a year ago and skyrocketed by 52% compared to the second quarter of 2019. Second-quarter 2021 SG&A as a percentage of gross profit was 56.5%, an improvement of 1,170 basis points compared to adjusted SG&A as a percentage of gross profit of 68.2% in the last year.
Finance and Entertainment Reporter
Richard is a bottle of wine – the older the sweeter. He has already found the sweetest hobby in writing entertainment and finance news for Own Snap. Readers get the updated posts regularly from him searching for real-time news.