AutoNation Expands Footprint with the Acquisition of Two Stores in Colorado
AutoNation (NYSE: AN) has announced the acquisition of Groove Ford and Groove Mazda in Englewood, Colorado, effective March 31, 2025. The dealerships have been rebranded as AutoNation Ford Arapahoe and AutoNation Mazda Arapahoe.
The acquired stores generated approximately $219M in annual revenue in 2024, selling nearly 5,000 new and used vehicles. This strategic expansion brings nearly 200 new associates to AutoNation and increases the company's presence in the greater Denver area to 22 total dealerships, including 13 Domestic, 6 Import, and 3 AutoNation USA locations.
This acquisition aligns with AutoNation's strategy to increase market density in existing territories, aiming to leverage scale synergies and enhance shareholder returns.
AutoNation (NYSE: AN) ha annunciato l'acquisizione di Groove Ford e Groove Mazda a Englewood, Colorado, con effetto dal 31 marzo 2025. I concessionari sono stati rinominati AutoNation Ford Arapahoe e AutoNation Mazda Arapahoe.
I negozi acquisiti hanno generato circa 219 milioni di dollari di fatturato annuo nel 2024, vendendo quasi 5.000 veicoli nuovi e usati. Questa espansione strategica porta quasi 200 nuovi collaboratori in AutoNation e aumenta la presenza dell'azienda nell'area metropolitana di Denver a 22 concessionari totali, inclusi 13 Domestic, 6 Import e 3 sedi AutoNation USA.
Questa acquisizione si allinea con la strategia di AutoNation di aumentare la densità di mercato nei territori esistenti, puntando a sfruttare le sinergie di scala e migliorare i ritorni per gli azionisti.
AutoNation (NYSE: AN) ha anunciado la adquisición de Groove Ford y Groove Mazda en Englewood, Colorado, con fecha efectiva del 31 de marzo de 2025. Las concesionarias han sido renombradas como AutoNation Ford Arapahoe y AutoNation Mazda Arapahoe.
Las tiendas adquiridas generaron aproximadamente $219 millones en ingresos anuales en 2024, vendiendo casi 5,000 vehículos nuevos y usados. Esta expansión estratégica trae casi 200 nuevos asociados a AutoNation y aumenta la presencia de la compañía en el área metropolitana de Denver a 22 concesionarios en total, incluyendo 13 Domestic, 6 Import y 3 ubicaciones de AutoNation USA.
Esta adquisición se alinea con la estrategia de AutoNation de aumentar la densidad de mercado en territorios existentes, con el objetivo de aprovechar las sinergias de escala y mejorar los retornos para los accionistas.
오토네이션 (NYSE: AN)은 콜로라도주 엔글우드에 있는 Groove Ford와 Groove Mazda의 인수를 발표했으며, 이는 2025년 3월 31일부터 효력이 발생합니다. 이 딜러십은 AutoNation Ford Arapahoe 및 AutoNation Mazda Arapahoe로 브랜드 변경되었습니다.
인수된 매장은 2024년에 약 2억 1900만 달러의 연간 수익을 창출했으며, 거의 5,000대의 새 및 중고차를 판매했습니다. 이 전략적 확장은 오토네이션에 거의 200명의 새로운 직원을 추가하고, 덴버 대도시 지역 내에 총 22개의 딜러십을 확보하게 됩니다. 이 중 13개는 Domestic, 6개는 Import, 3개는 AutoNation USA 위치입니다.
이번 인수는 기존 지역에서 시장 밀도를 높이려는 오토네이션의 전략과 일치하며, 규모의 시너지를 활용하고 주주 수익을 향상시키는 것을 목표로 하고 있습니다.
AutoNation (NYSE: AN) a annoncé l'acquisition de Groove Ford et Groove Mazda à Englewood, Colorado, effective le 31 mars 2025. Les concessions ont été rebaptisées AutoNation Ford Arapahoe et AutoNation Mazda Arapahoe.
Les magasins acquis ont généré environ 219 millions de dollars de chiffre d'affaires annuel en 2024, vendant près de 5 000 véhicules neufs et d'occasion. Cette expansion stratégique apporte près de 200 nouveaux collaborateurs à AutoNation et augmente la présence de l'entreprise dans la grande région de Denver à 22 concessions au total, dont 13 Domestic, 6 Import et 3 emplacements AutoNation USA.
Cette acquisition s'inscrit dans la stratégie d'AutoNation d'accroître la densité du marché dans les territoires existants, visant à tirer parti des synergies d'échelle et à améliorer les rendements pour les actionnaires.
AutoNation (NYSE: AN) hat die Übernahme von Groove Ford und Groove Mazda in Englewood, Colorado, bekannt gegeben, die am 31. März 2025 wirksam wird. Die Autohäuser wurden in AutoNation Ford Arapahoe und AutoNation Mazda Arapahoe umbenannt.
Die übernommenen Geschäfte erzielten im Jahr 2024 einen Umsatz von etwa 219 Millionen Dollar und verkauften fast 5.000 neue und gebrauchte Fahrzeuge. Diese strategische Expansion bringt fast 200 neue Mitarbeiter zu AutoNation und erhöht die Präsenz des Unternehmens in der Metropolregion Denver auf insgesamt 22 Autohäuser, darunter 13 Domestic, 6 Import und 3 AutoNation USA Standorte.
Diese Übernahme entspricht der Strategie von AutoNation, die Marktdichte in bestehenden Gebieten zu erhöhen, mit dem Ziel, Synergien zu nutzen und die Rendite für die Aktionäre zu steigern.
- Acquisition adds $219M in annual revenue
- Integration of 5,000 vehicle sales volume annually
- Expansion increases market density in Denver area
- Strategic growth to 22 total dealerships in Colorado
- None.
Insights
AutoNation's acquisition of Groove Ford and Groove Mazda represents a strategic expansion in the Denver market that aligns with their density-focused growth approach. The addition of dealerships generating
This move follows the industry trend of consolidation among large auto retailer groups seeking operational efficiencies. By increasing market density, AutoNation can leverage existing regional management infrastructure, optimize inventory allocation across more locations, and enhance their marketing efficiency in the Denver metro area. The acquisition particularly adds brand diversity with their first Mazda location in Colorado.
For a company of AutoNation's scale (
"We are excited to welcome Groove Ford and Groove Mazda and their nearly 200 new associates to AutoNation," said Mike Manley, Chief Executive Officer at AutoNation. "These acquisitions build on our strategy to add density into markets where we already have a presence. It allows us to rapidly bring significant scale synergies to the new dealerships, expanding on the current success of these stores and delivering strong returns to our shareholders."
About AutoNation, Inc.
AutoNation, one of the largest automotive retailers in
Please visit www.autonation.com, investors.autonation.com, and www.x.com/autonation, where AutoNation discloses additional information about the Company, its business, and its results of operations.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Words such as "anticipates," "expects," "estimates," "intends," "strategy," "goals," "targets," "projects," "plans," "believes," "continues," "may," "will," "could," and variations of such words and similar expressions are intended to identify such forward-looking statements. Statements regarding our expectations for the future performance of acquired stores and for shareholder returns, as well as other statements that describe our strategies, objectives, goals, or plans, are forward-looking statements. Our forward-looking statements reflect our current expectations concerning future results and events, and they involve known and unknown risks, uncertainties, and other factors that are difficult to predict and may cause our actual results, performance, or achievements to be materially different from any future results, performance, and achievements expressed or implied by these statements. These risks, uncertainties, and other factors include, among others: our ability to integrate successfully new acquisitions; our ability to maintain or gain market share; our ability to maintain and enhance our retail brands and reputation; economic conditions, including changes in unemployment, interest, and/or inflation rates, consumer demand, fuel prices, and tariffs; the success and financial viability and the incentive and marketing programs of vehicle manufacturers and distributors with which we hold franchises; and other factors described in our news releases and filings made under the securities laws, including, among others, our Annual Reports on Form 10-K, our Quarterly Reports on Form 10-Q and our Current Reports on Form 8-K. Forward-looking statements contained in this news release speak only as of the date of this news release, and we undertake no obligation to update these forward-looking statements to reflect subsequent events or circumstances.
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SOURCE AutoNation, Inc.