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 one of the largest automotive retailers in the United States, and its news flow reflects both its operational scale and strategic activity. Company announcements highlight a nationwide network of dealerships that sell new and used vehicles, provide customer financing, and offer parts plus expert maintenance and repair services. News items frequently reference growth across major revenue categories, including new and used vehicle revenue, customer financial services, and after-sales revenue.
Investors and industry followers can use the AutoNation news stream to track developments such as acquisitions, facility investments, earnings results, and capital allocation decisions. Recent releases have covered the acquisition of luxury dealerships in Chicago, Illinois, the purchase of a Toyota store in Baltimore, Maryland, and the grand re-opening of the Porsche Newport Beach retail and service center in California after a ground-up redevelopment. These updates illustrate how AutoNation expands its footprint in key metropolitan markets and enhances its luxury and import brand portfolios.
AutoNation’s news also includes quarterly earnings reports and related conference call announcements, where the company discusses revenue trends, gross profit, segment performance, and the contribution of AutoNation Finance. Capital markets and governance updates, such as additional share repurchase authorizations, appear in press releases that are often incorporated into Form 8-K filings.
Another recurring theme in AutoNation’s news is its DRV PNK initiative, a year-round commitment to drive out cancer. Releases describe fundraising milestones, partnerships with hospitals and cancer organizations, and events such as the distribution of Totes for Hope to adult and pediatric patients. Readers who follow AN news can therefore monitor both the company’s financial and operational updates and its community and philanthropic activities over time.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
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.
AutoNation, Inc. (NYSE: AN) will release its financial results for the first quarter ended March 31, 2023, on April 20, 2023. The earnings announcement will be followed by a conference call at 9:00 a.m. Eastern Time on the same day, where management will discuss the results and other relevant information.
Interested parties can access the call by phone at 833-470-1428 (Conference ID: 450982) or via the AutoNation investor relations website. A playback of the call will be available after 12:00 p.m. Eastern Time on the announcement date until May 10, 2023.
AutoNation reported record financial results for Q4 and full year 2022, with Q4 EPS of $5.72 and adjusted EPS of $6.37. Revenue reached $6.7 billion, up 2% year-over-year, while full year revenue hit $27 billion, an increase of $1.1 billion. After-Sales gross profit rose 12%, leading to a record total of $1.9 billion for the year. The company reduced shares outstanding by 25% through repurchases. However, net income dropped 26% in Q4, and new vehicle retail sales declined 12% for the year. AutoNation aims to enhance its service offerings and customer experience, positioning itself for long-term profitability.
AutoNation (NYSE: AN) has completed the acquisition of RepairSmith, a mobile automotive repair service, enhancing its after-sales offerings. This strategic move aims to tap into the growing non-franchised aftermarket by providing convenient repair solutions for customers, particularly those who have purchased vehicles outside of AutoNation's network. With this acquisition, AutoNation expects to accelerate growth and improve service delivery, benefiting from RepairSmith's operational capabilities. The addition of over 400 employees from RepairSmith further strengthens AutoNation's workforce, contributing to its goal of being the leading comprehensive transportation solutions provider.
FAQ
What is the current stock price of AutoNation (AN)?
What is the market cap of AutoNation (AN)?
