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AutoNation, Inc. - AN STOCK NEWS

Welcome to our dedicated page for AutoNation news (Ticker: AN), a resource for investors and traders seeking the latest updates and insights on AutoNation stock.

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.

News

AutoNation Reports First Quarter 2024 Results

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AutoNation, Inc. (NYSE: AN) reported first quarter 2024 EPS of $4.49, compared to $6.07 a year ago. Revenue was $6.5 billion, up $87 million from a year ago. After-Sales gross profit increased by 9% to $556 million. The company repurchased 1.6 million shares of common stock and authorized the repurchase of up to an additional $1.0 billion. The operational summary shows a 1% increase in revenue but a decrease in gross profit and net income. New Vehicle retail unit sales increased by 7% and Used Vehicle retail unit sales by 2%.
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AutoNation Announces First Quarter 2024 Earnings Conference Call and Audio Webcast Scheduled for Friday, April 26, 2024

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AutoNation, Inc. (AN) will release its Q1 2024 financial results on April 26, 2024, followed by a conference call. Investors can access the call via phone or webcast. The webcast will be available on the company's website for a time.
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AutoNation Reports Fourth Quarter and Full Year Results

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AutoNation, Inc. (AN) reported Q4 2023 GAAP EPS of $5.04 and adjusted EPS of $5.02 with revenue of $6.8 billion. The company saw double-digit growth in after-sales, record gross profit, and share repurchases of $151 million in Q4. Full-year revenue for 2023 was $26.9 billion, showing a strong performance in new vehicle unit sales and after-sales revenue.
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AutoNation Announces Fourth Quarter 2023 Earnings Conference Call and Audio Webcast Scheduled for Tuesday, February 13, 2024

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AutoNation, Inc. (AN) will release its Q4 2023 financial results on February 13, 2024. The conference call and webcast will provide insights into the Company's performance and future outlook.
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RepairSmith by AutoNation Rebrands to AutoNation Mobile Service

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AutoNation, Inc. (NYSE:AN) rebrands RepairSmith to AutoNation Mobile Service, offering convenient, top-notch care for vehicles with certified TechXperts directly to customers in specialized service vans. The service extends to individual vehicles, fleet operators, car rental agencies, and dealership partners, providing comprehensive solutions for over 200 car repair needs.
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AutoNation Offers Consumers Leases Without Long-term Commitments

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AutoNation, Inc. (NYSE:AN) Launches AutoNation Mobility, a fully digital shopping experience and new vehicle micro lease model offering Customers short-term access to a wide range of competitively priced vehicles across brands without the need to purchase. Customers can enjoy the convenience and flexibility of driving a different vehicle every six to 12 months, without the added responsibility of owning or long-term financing. AutoNation Mobility's fully digital journey allows Customers to select their vehicle online from thousands of new vehicles, including sedans, SUVs, trucks, and luxury cars from renowned automotive brands, and complete their transaction online.
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AutoNation Launches AutoNationParts.com

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AutoNation, Inc. has officially launched AutoNationParts.com, an eCommerce website that allows customers to purchase high-quality automotive parts and accessories at competitive prices. The website offers fast nationwide shipping for guaranteed-to-fit genuine manufacturer parts from over 25 brands. AutoNation aims to meet the growing demand from DIY mechanics and customers who prefer to have their chosen mechanic install the parts.
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AutoNation Reports Third Quarter 2023 Results

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AutoNation reports Q3 2023 revenue of $6.9 billion, a 3% increase YoY. After-Sales gross profit reaches a record $546 million, up 14% YoY. EPS for Q3 2023 is $5.54, compared to $6.31 in Q3 2022. The company repurchased 1.3 million shares of common stock for $200 million.
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AutoNation Withdraws from Pendragon PLC Process

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AutoNation confirms it will not make a formal offer for Pendragon PLC.
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AutoNation Shifts Drive Pink Campaign Into High Gear to Drive Out Cancer

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Over $35 million raised for cancer research, treatment and awareness, AutoNation's signature DRV PNK campaign fuels hope for improved outcomes
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FAQ

What is the current stock price of AutoNation (AN)?

The current stock price of AutoNation (AN) is $172.46 as of November 22, 2024.

What is the market cap of AutoNation (AN)?

The market cap of AutoNation (AN) is approximately 6.9B.

What does AutoNation, Inc. do?

AutoNation, Inc. is a leading automotive retailer in the United States that sells new and used vehicles, offers parts and repair services, and provides auto financing.

Where is AutoNation, Inc. located?

AutoNation operates over 250 dealerships and 53 collision centers across 21 states, primarily in Sunbelt metropolitan areas.

What recent achievements has AutoNation, Inc. made?

AutoNation has raised over $35 million for cancer research through its DRV PNK campaign and launched AutoNationParts.com for online parts sales and AutoNation Mobility for vehicle micro leases.

How is AutoNation, Inc. performing financially?

AutoNation reported a revenue of $6.9 billion for Q3 2023, a 3% increase from the previous year, driven by strong After-Sales growth and customer financial services.

What brands does AutoNation represent?

AutoNation represents 34 manufacturer brands, including Ford, General Motors, Toyota, Honda, Mercedes-Benz, BMW, and many others.

What is AutoNation's DRV PNK campaign?

The DRV PNK campaign is AutoNation's signature initiative to raise funds for cancer research, treatment, and awareness. The company has raised over $35 million for this cause.

What is AutoNation Mobility?

AutoNation Mobility is a new vehicle micro lease model offering customers short-term access to a wide range of vehicles without the need for ownership, initially available in Los Angeles, Northern California, and South Florida.

How does AutoNation support its employees?

AutoNation offers its associates benefits such as paid time-off, paid training, longevity bonuses, a 401(k) program with company match, employee vehicle purchase program, health, dental, life, and disability insurance.

What is AutoNation's market position?

AutoNation is the second-largest automotive dealer in the United States, known for its wide range of services and significant market presence.

What are AutoNation's future plans?

AutoNation plans to continue its growth through strategic acquisitions, new business initiatives, and investments in technology, aiming to enhance its market position and drive long-term growth.

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AutoNation, Inc.

NYSE:AN

AN Rankings

#1104 Ranked by Market Cap
N/A Ranked by Dividends

AN Stock Data

6.86B
32.79M
17.28%
75.23%
6.01%
Auto & Truck Dealerships
Retail-auto Dealers & Gasoline Stations
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United States of America
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