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 (AN) is the largest automotive retailer in the U.S., operating dealerships and service centers nationwide. This page aggregates official announcements, financial disclosures, and market-moving developments for investors tracking this NYSE-listed company.
Access real-time updates on quarterly earnings, dealership acquisitions, and strategic partnerships that shape AutoNation's position in automotive retail. Our curated feed includes press releases about used vehicle pricing trends, service department expansions, and leadership changes, providing a complete picture of corporate health.
Key updates cover AutoNation's core operations: new/used vehicle sales, after-sales services, and customer financing solutions. Stay informed about initiatives impacting the company's rollup acquisition strategy and digital retail innovations across 16+ states.
Bookmark this page for unfiltered access to AN's financial communications and operational milestones. Check regularly for developments affecting the automotive sector's evolving retail landscape.
AutoNation reported Q3 2024 results with revenue of $6.6 billion, down 4% year-over-year, and EPS of $4.61 ($4.02 adjusted). The quarter saw 2% growth in same-store new vehicle sales and record After-Sales gross profit of $558 million. Results were impacted by CDK outage effects, reducing EPS by $0.21. Key metrics showed mixed performance: new vehicle unit sales increased 1% while used vehicle sales declined 8%. The company maintained strong liquidity of $1.6 billion and continued share repurchases, buying back 36,000 shares for $6 million during Q3.
AutoNation, Inc. (NYSE: AN) has announced its upcoming third quarter 2024 earnings release and conference call. The company will disclose its financial results for the quarter ended September 30, 2024, on Friday, October 25, 2024, before market opening. A conference call and audio webcast are scheduled for 9:00 a.m. Eastern Time on the same day to discuss the results.
Investors can access the conference call by dialing 833-470-1428 (Conference ID: 356177) or via AutoNation's investor relations website. The webcast will be available on the company's website under 'Events & Presentations' until November 15, 2024. AutoNation, one of the largest U.S. automotive retailers, offers a wide range of vehicles, services, and solutions through its nationwide network of dealerships.
Kerrigan Advisors, a leading sell-side advisory firm for auto dealers, has announced the appointment of Chris Gempton as Senior Vice President, Sell-Side Advisory. Gempton brings nearly two decades of automotive experience, including 13 years at AutoNation (NYSE: AN), where he most recently served as Vice President of Corporate Development. In this role, he oversaw nearly $3 billion in transactions across 130+ dealerships representing more than $5 billion in revenue.
Gempton will open Kerrigan Advisors' first Florida office in Midtown Miami to serve clients in the Southeastern U.S., an active market for dealership buy/sell transactions. This expansion further cements Kerrigan Advisors' status as the leading sell-side advisor in the industry, bringing the team's collective transaction experience to nearly $12 billion.
AutoNation (NYSE: AN) reported Q2 2024 results with revenue of $6.5 billion, EPS of $3.20, and adjusted EPS of $3.99. The quarter was significantly impacted by a CDK Global cyber incident, reducing EPS by an estimated $1.55. Despite challenges, the company saw improved After-Sales gross profit margin and positive trends in vehicle unit profitability. AutoNation continued its focus on capital allocation, with year-to-date share repurchases of $350 million. The company reported strong free cash flow conversion and maintained a solid liquidity position of $1.6 billion. While revenue and gross profit decreased year-over-year, AutoNation's CEO, Mike Manley, expressed confidence in the health of their markets and anticipates a strong second half of the year.
AutoNation (NYSE: AN), a leading U.S. automotive retailer, has announced its second quarter 2024 earnings release scheduled for Wednesday, July 31, 2024, before market open. The company will host a conference call and audio webcast at 9:00 a.m. Eastern Time on the same day to discuss the results. Investors can access the call via phone at 833-470-1428 (Conference ID: 522370) or through AutoNation's investor relations website. The webcast will be available for replay until August 21, 2024. AutoNation operates a nationwide network of dealerships, offering new and used vehicles, financing, parts, and maintenance services. The company has also raised over $40 million for cancer-related causes through its DRV PNK initiative.
AutoNation announced the appointment of Claire Bennett to its Board of Directors, effective July 8, 2024. Bennett brings extensive experience in customer service, general management, and consumer services, having held significant roles at Intercontinental Hotels Group and American Express. AutoNation aims to leverage her expertise to navigate industry, customer, and technological changes. The company, known for its personalized transportation services, seeks to benefit from Bennett's background as it continues to innovate and provide exceptional services.
AutoNation (NYSE:AN) has partnered with the U.S. Army through the PaYS program to provide job opportunities for soldiers in the automotive industry. The PaYS program guarantees soldiers five job interviews with companies like AutoNation after their service. This initiative aims to leverage the skills and experiences of veterans for various roles within AutoNation, which currently employs over 1,000 veterans. The partnership was announced at a signing ceremony attended by representatives from both organizations, emphasizing the company's commitment to diversity and inclusion in its workforce.
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