UAG Runs Like a Dream: Fool by Numbers
By
Motley Fool Contributors
May 9, 2007
|
On May 8, United Auto Group (NYSE: UAG) released first-quarter earnings for the period ended March 31.
- 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
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Q1 2007
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Q1 2006
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Change
|
|
Sales
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$3,103.2
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$2,552.8
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21.6%
|
|
Net Profit*
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$16.1
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$26.0
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(38.2%)
|
|
EPS*
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$0.17
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$0.28
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(39.3%)
|
|
Diluted Shares
|
94.4
|
94.3
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0.1%
|
*Income from continuing operations
Get back to basics with the income statement.
Margin Checkup
*Expressed in percentage points
Margins are the earnings engine.
Balance Sheet Highlights
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Assets
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Q1 2007
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Q1 2006
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Change
|
|
Cash + ST Invest.
|
$25.2
|
$16.1
|
56.2%
|
|
Accounts Rec.
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$509.3
|
$397.8
|
28.0%
|
|
Inventory
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$1,602.2
|
$1,370.3
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16.9%
|
|
Liabilities
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Q1 2007
|
Q1 2006
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Change
|
|
Accounts Payable
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$272.7
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$298.6
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(8.7%)
|
|
Long-Term Debt
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$864.5
|
$684.7
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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.