AN Stock Forecast: Booming Used Vehicle Market

May 19, 2022
He Xu This AN Stock Forecast article was written by He Xu – Financial Analyst at I Know First.

Summary:

  • For the first-quarter 2022, revenue was up 14% to $6.8 and net income increased by 51% to $362 million compared to the year-ago period.
  • First-quarter 2022 GAAP EPS was a record $5.83, an increase of 104% year-over-year.
  • Used car sales have increased during the pandemic as people avoid mass transportation and are more sensitive to auto costs with the shortage of new cars.
  • The company used store expansions, and digital capabilities, and used a vehicle growth strategy to expand the market.

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