agent Entrepreneur logo
MenuMENU
SearchSEARCH

AutoNation Posts Record Fourth Quarter

FORT LAUDERDALE, Fla. — Stepping down after 15 years as president and COO, Mike Maroone said during the company’s quarterly investor call this week that he was “very optimistic” about AutoNation’s future. The dealer group realized record earnings per share from continuing operations in the fourth quarter 2014 and its strongest year in company history. ... Read More »

February 9, 2015
3 min to read


FORT LAUDERDALE, Fla. — Stepping down after 15 years as president and COO, Mike Maroone said during the company’s quarterly investor call this week that he was “very optimistic” about AutoNation’s future. The dealer group realized record earnings per share from continuing operations in the fourth quarter 2014 and its strongest year in company history.

“We are extremely pleased with our fourth quarter performance, where we delivered revenue and gross profit growth across the business, an exceptional 4.5% operating margin, an all-time record quarterly and annual EPS, and the 17th consecutive quarter of double-digit EPS growth,” said Maroone.

Ad Loading...

AutoNation reported 2014 fourth quarter net income from continuing operations of $117 million, or $1.02 per share — a 23% improvement on a per-share basis from the prior year. The dealer group’s revenue for the quarter totaled $5 billion, an increase of 12%, driven by strong performance in all of the company’s business sectors, including F&I, new vehicles, used vehicles, and parts and service.

“Revenue for the full year was $19.1 billion, up 9% over the prior year,” added Mike Jackson, AutoNation’s chairman and CEO, who will take over as president when Maroone steps down on April 1. “Operating income for the full year was $821 million, an increase of 11% over the prior year.”

In the fourth quarter, AutoNation’s retail new-vehicle unit sales increased 11% overall and 9% on a same-store basis, while retail used-vehicle unit sales increased 9% overall and 7% on a same-store basis. For full year 2014, AutoNation’s retail new-vehicle unit sales increased 9% overall and 7% on a same-store basis, while retail used-vehicle unit sales increased 5% overall and 4% on a same-store basis.

During the call, Jackson also touched on the dealer group’s digital strategy, including the December launch of AutoNation Express, the dealer group’s digital storefront.

“Our investment in AutoNation Express will increase significantly in 2015 as compared to 2014,” Jackson noted. “That includes investment in the brand. It includes investment in IT capabilities and it includes investment in the store as far as features that have to be in the store.”

Ad Loading...

AutoNation Express is part of the dealer group’s strategy to turn its websites from informational to transactional. Starting in December, customers of several AutoNation stores located in Florida were able to use their credit cards to reserve the vehicle they wanted to purchase.

“Its benefits are down the road,” Jackson noted. “… The next piece of the puzzle is transactional websites and traffic to our websites. Traffic to our website is growing at double-digit, significant double-digit rates. Our own websites now generate more business than all the third parties combined. So there is significant progress. But if I look at the level of investment relative to those factors, I would say we are still very much in investment period. And I would say that will certainly be for all of 2015.”

AutoNation announced its intention to cut spending on third-party lead providers back in April, officials saying the group could achieve a better handoff between its sites and stores without middlemen like AutoTrader and TrueCar.

“As far as my conviction, are we on the right course or not?” Jackson asked. “I am 100% convinced … that the strategy we are pursuing, over time, will be a sustainable competitive advantage for AutoNation, which is one of the hardest things to do in business.”

More Industry

Group photo of men outside storefront.
Industryby Hannah MitchellMay 28, 2026

Pennsylvania Dealership Under New Retailers

The sale of the Chrysler Dodge Jeep Ram store puts a family auto group on a leaner path as first-time dealers take the helm.

Read More →
Hallway with lockered wiring and computer
Industryby Lauren LawrenceMay 28, 2026

Battery Storage Takes Priority Over EVs

U.S. automakers are prioritizing battery energy stationary storage over electric-vehicle production as the consumer demand for EVs lags the rest of the world.

Read More →
Gray-scale photo of a line of Mini cars in a dealership parking lot
Industryby Hannah MitchellMay 27, 2026

Auto Dealers Feel Better But Not Great

A second-quarter Cox Automotive poll of franchised retailers and independents found better views of the current market after a good spring but anticipation of third-quarter storminess.

Read More →
Ad Loading...
Closeup photo of the front of a white car
Industryby Hannah MitchellMay 21, 2026

New-Vehicle Sales Picture Relative

A May forecast is complicated by last spring’s trade tariff effects on auto retail. Despite continued hard realities, many consumers took advantage of ways to bite the bullet.

Read More →
Nissan logo on front of building
Industryby Lauren LawrenceMay 21, 2026

Auto Group Acquires Third Nissan Rooftop

Iowa-based Coleman Automotive Group recently acquired its seventh dealership, McGrath Nissan, which it renamed Nissan of Elgin.

Read More →
Couple talking with auto salesman next to new car inside dealership
Industryby Hannah MitchellMay 20, 2026

April Less Affordable

Based on prices, reduced incentives and slower household income growth, consumers found it more challenging to buy new last month, Cox Automotive reported.

Read More →
Ad Loading...
Wooden people figures of different colors in a row, similar to board game pieces
IndustryMay 20, 2026

Building an Extraordinary F&I Agency

Work to determine your specialized talent, because that fact will determine everything about your agency’s future.

Read More →
Ingredient card, policies and procedures, fixed operations, variable operations, data security, audit
Industryby Jim GantherMay 19, 2026

Recipe for Compliance

The secret to both amazing barbecue and compliance is the same: understanding the basics and committing to a process.

Read More →
Photo of new Chevrolet Bolt parked on a beach
Industryby Hannah MitchellMay 14, 2026

EVs Getting More Attractive

A growing percentage of U.S. consumers are open to switching and fewer are adverse to the idea, according to a recently completed survey. That’s despite the end of a tax break.

Read More →
Ad Loading...
Benchmark bar graph showing April 2026 EV Sales
Industryby Lauren LawrenceMay 14, 2026

EV Sales Drop in April Following Surge

North American electric-vehicle sales were down 28% year-over-year, a sharp contrast from global EV sales growth of 6%.

Read More →