AutoNation Inc (AN)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	5,131,500	5,198,200	5,216,400	5,242,800	5,265,300	5,305,000	5,264,100	5,228,700	4,952,600	4,617,700	4,317,300	3,786,000	3,566,400	3,475,300	3,391,200	3,487,000	3,523,000	3,475,300	3,443,200	3,404,200
Revenue (ttm)	US$ in thousands	26,948,900	26,878,500	26,651,800	26,630,900	26,985,000	26,870,300	26,583,800	26,693,000	25,844,000	25,046,800	24,072,200	21,626,800	20,390,000	20,153,800	20,210,100	21,020,900	21,335,700	21,198,500	21,086,500	21,134,700
Gross profit margin		19.04%	19.34%	19.57%	19.69%	19.51%	19.74%	19.80%	19.59%	19.16%	18.44%	17.93%	17.51%	17.49%	17.24%	16.78%	16.59%	16.51%	16.39%	16.33%	16.11%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $5,131,500K ÷ $26,948,900K
= 19.04%

Autonation Inc.'s gross profit margin has been relatively stable over the last eight quarters, fluctuating between 19.04% and 19.80%. The margins have generally remained above 19%, indicating the company's ability to effectively control its cost of goods sold and generate profits from sales. While there have been minor fluctuations, the overall trend suggests a consistent performance in managing production and operational costs to sustain profitability. This demonstrates Autonation Inc.'s operational efficiency in maintaining healthy margins in its business operations.