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 (NYSE:AN) is hosting complimentary Teen Driver Safety Clinics across its USA stores starting July 28, 2022. These one-hour sessions aim to educate novice drivers on safe driving practices, addressing risks such as distractions, speeding, and impaired driving. Participants will gain essential car care knowledge from local service associates and receive a mini car care kit. Parents and guardians are encouraged to attend with their teens. Registration is required to join these community-focused clinics, promoting a safer driving experience for young drivers.
AutoNation partners with Autonomy to facilitate the acquisition of up to 20,000 electric vehicles over the next 12-18 months. This partnership aims to enhance Autonomy’s vehicle subscription model, expanding from Tesla to various automaker brands, leveraging AutoNation’s nationwide infrastructure.
The collaboration allows Autonomy to scale its operations nationally while remaining capital efficient. AutoNation will provide essential vehicle preparation, delivery, and maintenance services to support Autonomy's subscription offerings, catering to a growing demand for electric vehicles.
AutoNation reported a second quarter 2022 EPS of $6.48, a 34% increase year-over-year. Operating income reached a record $558 million, up 5% from last year. However, total revenue was $6.9 billion, a 2% decline, driven by a 14% drop in new vehicle revenue. After-sales gross profit rose 11% to $482 million. AutoNation announced plans to acquire CIG Financial to enhance customer experience and authorized an additional $1 billion in share repurchases. As of June 30, 2022, liquidity stood at $2.1 billion.
AutoNation (NYSE: AN), the largest automotive retailer in the U.S., will release its Q2 2022 financial results on July 21, 2022. The results will be discussed during a conference call at 9:00 a.m. ET, accessible by phone or via its investor relations website. A recorded playback will be available post-call until August 11, 2022.
AutoNation (NYSE: AN) announces a new national advertising campaign titled "Go Be Great!" highlighting its commitment to unmatched customer experience and a positive work environment. The campaign, developed with I Think Studios and Zimmerman Advertising, features associates nationwide and will run across various media platforms, starting with TV commercials on ESPN, CNBC, and NBC on May 29. The initiative aligns with a focus on recruitment and retention, showcasing AutoNation's commitment to its workforce and customer satisfaction. Recognized for excellence, AutoNation has won numerous awards, including the J.D. Power Dealer of Excellence.
AutoNation (NYSE: AN) announces that 129 of its dealerships have been certified in the J.D. Power 2022 Dealer of Excellence Program. This prestigious recognition highlights AutoNation's commitment to exceptional customer service, setting these certified stores apart in the automotive retail sector. The program assesses dealerships based on the J.D. Power U.S. Sales Satisfaction Index, ensuring that only top performers achieve certification. AutoNation aims to provide a transparent and customer-centric purchasing experience, validating its position as a leader in the automotive industry.
In Q1 2022, AutoNation (NYSE: AN) reported a GAAP EPS of $5.78, a 103% increase from Q1 2021's $2.85. Revenue rose 14% to $6.8 billion, driven by a 47% increase in used vehicle revenue, countering a 6% decline in new vehicle revenue. Operating income surged 54% year-over-year, reaching $519 million, and After-Sales gross profit increased by 19% to $461 million. The company also repurchased 3.5 million shares for $381 million. AutoNation plans to expand its used vehicle business, opening 12 new stores within the next year.
AutoNation (NYSE: AN), the largest automotive retailer in America, will announce its Q1 2022 financial results on April 21, 2022, at 10:00 a.m. ET. During this conference call, management will discuss these results along with other company information. Investors can access the call via phone or the AutoNation investor relations website. A playback will be available post-call until May 12, 2022. This meeting will provide insights into AutoNation’s financial performance as well as its strategic direction.
During National Car Care Month, AutoNation (NYSE:AN) emphasizes the importance of vehicle maintenance as Americans hold onto older cars due to ongoing chip shortages. The company offers drivers essential car care tips to enhance safety and extend vehicle life. Key recommendations include regular tire checks, oil and fluid level monitoring, and routine vehicle inspections. AutoNation also encourages drivers to prepare emergency kits for roadside emergencies, highlighting tools and supplies essential for safety.
