AutoNation, Inc. (NYSE:AN) shares rose Friday after the company reported first-quarter 2026 results, as strong profitability in higher-margin segments helped offset weaker sales.
The auto retailer leaned on financing and after-sales operations to support performance amid softer demand.
Quarterly Details
AutoNation reported first-quarter adjusted earnings of $4.69 per share, beating analysts’ estimates of $4.51. Revenue totaled $6.552 billion, down 2% from a year earlier and below the consensus estimate of $6.651 billion.
Gross profit declined 1% year over year to $1.21 billion, while operating income fell 6% to $314.3 million.
Same-store revenue decreased 4% to $6.40 billion, and same-store gross profit dropped 2% to $1.18 billion.
“We are pleased to report our strong first-quarter results highlighted by record …