On May 8, United Auto Group
- Net sales grew 21.6%, led by a 10.8% increase in same-store retail revenues.
- The company sold more used vehicles in a very competitive sales environment. As a result, gross margin was eroded by 57 basis points.
- The company projects EPS from continuing operations to be in the range of $0.39-$0.43 and $1.40-1.50 for Q2 and fiscal 2007, respectively.
(Figures in millions, except per-share data.)
Income Statement Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$3,103.2 |
$2,552.8 |
21.6% |
|
Net Profit* |
$16.1 |
$26.0 |
(38.2%) |
|
EPS* |
$0.17 |
$0.28 |
(39.3%) |
|
Diluted Shares |
94.4 |
94.3 |
0.1% |
Get back to basics with the income statement.
Margin Checkup
|
Q1 2007 |
Q1 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
15.1% |
15.6% |
(0.6) |
|
Operating Margin |
2.6% |
2.6% |
(0.1) |
|
Net Margin |
0.5% |
1.0% |
(0.5) |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$25.2 |
$16.1 |
56.2% |
|
Accounts Rec. |
$509.3 |
$397.8 |
28.0% |
|
Inventory |
$1,602.2 |
$1,370.3 |
16.9% |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$272.7 |
$298.6 |
(8.7%) |
|
Long-Term Debt |
$864.5 |
$684.7 |
26.3% |
The balance sheet reflects the company's health.
Cash Flow Highlights
Did the cash flow statement drive off the lot? Management can't seem to find it.
Free cash flow is a Fool's best friend.
Related Foolishness:
Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.
