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 a record EPS of $6.07 for the first quarter of 2023, marking a 5% increase from the previous year. However, revenue fell to $6.4 billion, down 5% year-over-year, attributed to a decline in used vehicle sales. The company's after-sales gross profit reached $511 million, a notable increase of 11%. AutoNation's SG&A expenses remained disciplined at 60.8% of gross profit. During this quarter, they also repurchased 2.4 million shares for $305 million. With a liquidity of $1.6 billion and a strong cash flow from operations of $510 million, AutoNation maintains a solid financial position. Despite a drop in operating income and net income by 15% and 20%, respectively, the company continues to expand its services and improve customer experiences.
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