AutoNation's Q3 Stalls: Earnings And Sales Miss Street View As CDK Outage Takes A Toll

AutoNation, Inc. (NYSE:AN) shares are trading lower after the company reported third-quarter results.

The company reported adjusted earnings per share of $4.02, missing the street view of $4.38. Quarterly sales of $6.586 billion missed the analyst consensus estimate of $6.71 billion.

The third quarter results were negatively affected by the lingering impact of the CDK outage in July, which reduced earnings per share by approximately $0.21.

Domestic Segment revenues were $1.8 billion, down 10.5%; Import Segment revenues were $2.0 billion, down 1.5%; and Premium Luxury Segment revenues were $2.4 billion, down ...