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AutoNation, Inc. (NYSE: AN) is a leading automotive retailer in the United States, renowned for its innovative products, exceptional services, and comprehensive solutions that empower customers to make the best decisions for their ever-changing needs. With a vast network of over 250 dealerships and 53 collision centers, AutoNation represents 34 manufacturer brands across 21 states. The company also operates 23 AutoNation USA used-vehicle stores, a captive lender, four auction sites, and three parts distributors.
Established in the 1990s by Wayne Huizenga, AutoNation has grown to become the second-largest automotive dealer in the U.S., with 2023 revenue of approximately $27 billion. The company sells new and used vehicles, offers parts and repair services, and provides auto financing. New-vehicle sales account for nearly half of the company's revenue, while the remaining comes from used vehicle sales, parts, and services.
AutoNation is committed to delivering a peerless customer experience, as evidenced by its recent achievements and initiatives. The company has raised over $35 million for cancer research, treatment, and awareness through its signature DRV PNK campaign. Additionally, AutoNation continues to innovate in personalized transportation services, recently launching AutoNationParts.com for online parts sales and AutoNation Mobility for short-term vehicle micro leases.
Financially, AutoNation has shown resilience and adaptability, with a strong balance sheet and strategic capital allocation. The company reported a revenue of $6.9 billion for Q3 2023, marking a 3% increase from the prior year. Despite challenges such as fluctuating new and used vehicle margins and inventory availability, AutoNation's focus on After-Sales growth and customer financial services has driven record gross profits.
Looking forward, AutoNation remains focused on maximizing shareholder returns, supported by its robust operating cash flow and ongoing investments in technology and new business initiatives. The company's strategic acquisitions, partnerships, and investments are set to enhance its market position and drive long-term growth.
On December 3, 2020, AutoNation (NYSE: AN) donated $20,000 to Phoenix Children's Hospital at AutoNation Toyota Tempe. This funding was raised through its cash register charity program with local community support. Additionally, AutoNation's operations in Arizona recently helped the hospital raise over $162,000 as the Pace Car Sponsor of a virtual 5K event. AutoNation has committed over $26 million to cancer research through its DRIVE PINK initiative since 2013, demonstrating its dedication to community support and health initiatives.
AutoNation (NYSE: AN) announced the launch of the "Twelve Cars of Christmas" DRV PNK Holiday Parade in Las Vegas, aimed at supporting families with children battling cancer. This initiative is in collaboration with the Tyler Robinson Foundation and the Nevada Childhood Cancer Foundation, providing joy to affected families. From November 9 to December 22, AutoNation stores will display decorated vehicles and encourage the public to donate unwrapped toys. AutoNation has raised nearly $26 million through community efforts, including its DRIVE PINK initiative to fight cancer.
AutoNation reported a strong Q3 2020 with a net income from continuing operations of $183 million or $2.05 per share, representing an 83% year-over-year increase. Adjusted EPS hit a record $2.38, up 102% from Q3 2019. Same-store gross profit rose 11% to $972 million, with new vehicle gross profit per unit increasing 56% to $2,535. The company announced a $500 million share repurchase program and aims to open over 100 new AutoNation USA pre-owned vehicle stores by 2025.
AutoNation (NYSE: AN), America's leading automotive retailer, will announce its Q3 2020 financial results on October 21, 2020. A conference call and audio webcast will occur at 9:00 a.m. Eastern Time the same day to discuss these results. Interested parties can access the call via phone or through AutoNation's investor relations website. AutoNation has over 325 locations and has sold more than 12 million vehicles. The company is committed to transforming the automotive industry through innovation and customer-focused processes.
On October 1, 2020, AutoNation (NYSE: AN) announced its support for Breast Cancer Awareness Month through its Drive Pink initiative. NTT INDYCAR® SERIES drivers Jack Harvey, Alexander Rossi, and Marco Andretti will showcase pink liveries during the INDYCAR HARVEST Grand Prix Race 2 on October 3. AutoNation has committed over $25 million to cancer treatment and research through Drive Pink, which focuses on charitable giving and support for those impacted by cancer. The company's initiative highlights its dedication to community health and awareness.
AutoNation (NYSE: AN) has raised over $25 million for cancer research through its Drive Pink initiative since its inception in 2015. This year, the funds will support seven major research projects via the Breast Cancer Research Foundation in honor of Breast Cancer Awareness Month. AutoNation's associates are preparing care bags for cancer patients as part of their annual DRV PNK Across America Day. The company emphasizes its commitment to driving out cancer and celebrates its achievements in supporting critical research and patient care.
AutoNation (NYSE: AN) will offer free vehicle sanitization for U.S. military personnel every Tuesday from September 15 to November 11, 2020. Eligible members can receive a Clorox Total 360 sanitization treatment at any AutoNation store by presenting a Military ID. This initiative aims to support military personnel, thanking them for their service. AutoNation is also providing discounts on new vehicle purchases, leases, and services for military members. The company operates over 325 locations nationwide and is committed to enhancing customer experience.
AutoNation (NYSE: AN) has partnered with Ronald McDonald House Charities in Corpus Christi to support local families in need. As part of the Drive Pink initiative, customers can donate at all eight local stores, with 100% of proceeds going to the charity. This effort is crucial, following the pandemic's disruptions to fundraising activities. AutoNation has previously supported local charities, providing meals and holiday events for families. The company aims to raise $25 million through Drive Pink, which has already raised nearly $25 million since 2013 to combat cancer.
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