AutoNation - AN STOCK NEWS

AutoNation, America's largest automotive retailer, has enhanced the AutoNation Express experience, an integrated solution for vehicle shopping. This upgrade offers a seamless and personalized omnichannel experience, utilizing insights from 9 million customers. Key features include browsing 75,000 vehicles, instant trade-in estimates, and a focus on Electric Vehicles. The platform empowers customers to manage transactions online or in-store using mobile tools. AutoNation aims to reduce friction in the car buying process and enhance customer engagement.

AutoNation (NYSE: AN) will release its fourth quarter and full-year 2020 financial results on February 16, 2021. The management will discuss these results during a conference call at 10:00 a.m. Eastern Time the same day. AutoNation, as the largest automotive retailer in the U.S., has sold over 13 million vehicles and continues to drive industry innovation. The call can be accessed via telephone or AutoNation's investor relations website, with a playback option available until March 9, 2021.

AutoNation (NYSE: AN), the largest automotive retailer in the U.S., donated $62,000 to Moffitt Cancer Center, supported by community efforts and the company's cash register charity program. This contribution stems from the DRV PNK Mission, which has raised nearly $26 million for cancer research. AutoNation has been actively involved in cancer awareness, being the presenting sponsor of Miles for Moffitt for the 8th consecutive year. As of September 30, 2020, AutoNation operated over 325 locations nationwide, selling over 12 million vehicles throughout its history.

AutoNation (NYSE: AN) announced the appointment of Norman Jenkins as an independent director to its Board of Directors, effective December 14, 2020. Jenkins is the CEO of Capstone Development, specializing in real estate, and previously held executive roles at Marriott International. His diverse experience is expected to bolster AutoNation's strategic insights. The company continues to expand its presence, operating over 325 locations and selling over 12 million vehicles. This leadership addition is part of AutoNation's initiative to enhance its corporate governance.

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.