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SVTPerformance's Chain of Restaurants
Road Side Pub
Frying Pan Into the Fire -- Chip Shortage
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<blockquote data-quote="Weather Man" data-source="post: 16683363" data-attributes="member: 137766"><p>People that were trying to wait it out are paying up, they can't wait anymore.</p><p></p><p><a href="https://seekingalpha.com/news/3756004-autonation-rallies-after-smashing-earnings-as-demand-continues-to-outpace-supply" target="_blank"></a></p><p><a href="https://seekingalpha.com/news/3756004-autonation-rallies-after-smashing-earnings-as-demand-continues-to-outpace-supply" target="_blank">AutoNation rallies after smashing earnings as demand continues to outpace supply</a></p><ul> <li data-xf-list-type="ul">AutoNation (NYSE:<a href="https://seekingalpha.com/symbol/AN" target="_blank">AN</a>) tracks higher after smashing consensus estimates with its <a href="https://seekingalpha.com/pr/18522320-autonation-reports-sixth-consecutive-all-time-record-quarter" target="_blank">Q3 earnings report</a>.</li> <li data-xf-list-type="ul">Same store revenue was up 18% during the quarter to $6.4B and same store gross profit rose 29%.</li> <li data-xf-list-type="ul">Same-store new vehicle gross profit per vehicle retailed rose 116% to a record $5,484. Same-store used vehicle gross profit per vehicle retailed was up 5% to $2,104.</li> <li data-xf-list-type="ul">CEO Mike Jackson says demand continues to outpace supply for new vehicles. "New vehicle sales are constrained by reduced production volume with low inventory levels. We expect this pent up demand to support sales for the foreseeable future," he adds.</li> <li data-xf-list-type="ul">Shares of AutoNation (<a href="https://seekingalpha.com/symbol/AN" target="_blank">AN</a>) are up 2.86% premarket to $120.31 after the <a href="https://seekingalpha.com/news/3755991-autonation-eps-beats-1_09-beats-on-revenue" target="_blank">strong earnings report.</a></li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16683363, member: 137766"] People that were trying to wait it out are paying up, they can't wait anymore. [URL='https://seekingalpha.com/news/3756004-autonation-rallies-after-smashing-earnings-as-demand-continues-to-outpace-supply'] AutoNation rallies after smashing earnings as demand continues to outpace supply[/URL] [LIST] [*]AutoNation (NYSE:[URL='https://seekingalpha.com/symbol/AN']AN[/URL]) tracks higher after smashing consensus estimates with its [URL='https://seekingalpha.com/pr/18522320-autonation-reports-sixth-consecutive-all-time-record-quarter']Q3 earnings report[/URL]. [*]Same store revenue was up 18% during the quarter to $6.4B and same store gross profit rose 29%. [*]Same-store new vehicle gross profit per vehicle retailed rose 116% to a record $5,484. Same-store used vehicle gross profit per vehicle retailed was up 5% to $2,104. [*]CEO Mike Jackson says demand continues to outpace supply for new vehicles. "New vehicle sales are constrained by reduced production volume with low inventory levels. We expect this pent up demand to support sales for the foreseeable future," he adds. [*]Shares of AutoNation ([URL='https://seekingalpha.com/symbol/AN']AN[/URL]) are up 2.86% premarket to $120.31 after the [URL='https://seekingalpha.com/news/3755991-autonation-eps-beats-1_09-beats-on-revenue']strong earnings report.[/URL] [/LIST] [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Frying Pan Into the Fire -- Chip Shortage
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