AutoNation Inc (AN)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,351,100 | 1,833,200 | 1,808,100 | 549,900 | 611,800 |
| Revenue | US$ in thousands | 26,948,900 | 26,985,000 | 25,844,000 | 20,390,000 | 21,335,700 |
| Pretax margin | 5.01% | 6.79% | 7.00% | 2.70% | 2.87% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $1,351,100K ÷ $26,948,900K
= 5.01%
Autonation Inc.'s pretax margin has exhibited variability over the past five years. The company's pretax margin stood at 5.01% in 2023, down from 6.79% in 2022 and 7.00% in 2021. This suggests a downward trend in profitability before tax expenses. However, the pretax margin in 2023 was still notably higher compared to 2020 and 2019 when it was at 2.70% and 2.87% respectively. This indicates that Autonation Inc. faced challenges in maintaining profitability levels in 2023 compared to the prior two years. Further analysis may be needed to determine the drivers behind the declining pretax margin and evaluate the company's overall financial performance in the year 2023.
Peer comparison
Dec 31, 2023