On Feb. 14, United Auto Group
- Revenues rose 22.8%, led by a 7.1% increase in same-store retail revenue. New vehicle sales increased 16.8%, used vehicle sales grew 43.9%, and service and parts revenues increased 23.3%.
- Gross margins fell in all sales categories because of the challenging sales environment. The end result was a 70-basis-point decrease in the gross margin.
- For FY 2007, the company expects EPS from continuing operations between $1.40 and $1.50 per share.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q4 2006 |
Q4 2005 |
Change |
|
|---|---|---|---|
|
Sales |
$2,881.0 |
$2,346.3 |
22.8% |
|
Net Profit* |
$31.1 |
$32.0 |
(3.0%) |
|
EPS* |
$0.33 |
$0.34 |
(2.9%) |
|
Diluted Shares |
94.4 |
94.4 |
0.0% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q4 2006 |
Q4 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
15.0% |
15.7% |
(0.7) |
|
Operating Margin |
2.4% |
3.2% |
(0.8) |
|
Net Margin** |
1.1% |
1.4% |
(0.3) |
**Continuing operations.
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$13.1 |
$9.0 |
46.8% |
|
Accounts Rec. |
$469.5 |
$398.1 |
17.9% |
|
Inventory |
$1,519.5 |
$1,144.6 |
32.8% |
|
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Accounts Payable* |
$515.1 |
$368.9 |
39.6% |
|
Long-Term Debt |
$1,179.0 |
$576.7 |
104.4% |
Learn the ways of the balance sheet.
Cash Flow Highlights
The cash flow statement must be on the far corner of the lot. The company will have to find it in time to file its 10-K.
Find out why Fools always follow the money.
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Sonic Automotive
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(NYSE:KMX) -
AutoNation
(NYSE:AN)
Related Foolishness:
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