AutoNation

AutoNation, Inc. engages in the provision of automotive products and services. It operates through the following segments: Domestic, Import, Premium Luxury, and Corporate & Other. The Domestic segment comprises retail automotive franchises that sell new vehicles manufactured by General Motors, Ford and Stellantis. The Import segment includes retail automotive franchises that sell new vehicles manufactured primarily by Toyota, Honda, Subaru, and Nissan. The Premium Luxury segment consists of retail automotive franchises that sell new vehicles manufactured primarily by Mercedes-Benz, BMW, Audi, Lexus, and Jaguar Land Rover. The franchises in each segment also sell used vehicles, parts and automotive repair and maintenance services, and automotive finance and insurance products. The Corporate & Other segment comprises other businesses, including collision centers, AutoNation USA used vehicle stores, auction operations, and parts distribution centers. The company was founded by Steven Richard Berrard and Harry Wayne Huizenga Sr. in 1991 and is headquartered in Fort Lauderdale, FL.

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AutoNation reports record 2022 results, eyes growth amid challenges

AutoNation's strong performance in 2022 was marked by record results, revenue growth, and strategic acquisitions to expand services and reach.
Challenges such as declining used vehicle sales and new GPU require strategic adjustments to navigate inventory constraints and market dynamics.
Opportunities in the evolving retail landscape and disciplined cost management position AutoNation for continued growth and profitability.

AutoNation achieves record EPS in Q1, eyes sustainable growth

AutoNation's Q1 2023 performance reflects a resilient business model, marked by record EPS and strong cash flow generation. The company's strategic acquisitions and focus on customer financial services position it for sustainable profitable growth. Challenges include inventory shortages and declining PVRs, but opportunities exist in expanding product offerings and enhancing customer relationships.

AutoNation reports steady Q2 results amidst inventory challenges and growth opportunities

AutoNation's Q2 performance was solid, marked by steady revenue, strong After-Sales results, and a focus on operational efficiency. While facing challenges with inventory constraints and margin pressures, the company is strategically positioned to capitalize on growth opportunities through expansion and financial service improvements.

AutoNation reports robust Q3 performance amidst operational challenges and growth opportunities

AutoNation's Q3 2023 performance showcased strength in vehicle sales and after-sales revenue, despite a decline in operating income.
The company's strategic focus on growth, market share retention, and customer service channels positions it well for future opportunities.
Challenges in operating income moderation and high M&A seller expectations require careful navigation for sustained growth.
Investments in technician recruitment and inventory management for lower-priced vehicles demonstrate proactive adaptation to market trends.

AutoNation reports strong Q4 performance, eyes international expansion opportunities

AutoNation's Q4 2023 performance showcased strength in new vehicle sales, Customer Financial Services, and After Sales segments, with a focus on shareholder value enhancement. The company faces challenges in the used vehicle market and margin normalization amidst evolving market dynamics.
Opportunities lie in capitalizing on robust demand for new vehicles, expanding services, and exploring international markets. AutoNation's strategic focus on growth, profitability normalization, and leadership transitions position it well for future expansion and margin improvement.
Balancing challenges in market dynamics and profitability with opportunities for growth and international expansion will be key for AutoNation's future success. The company's commitment to maximizing shareholder value and navigating industry shifts underscores a resilient and forward-thinking approach.

AutoNation reports robust Q1 performance amidst challenges and opportunities

AutoNation's Q1 2024 earnings call highlighted strong financial performance, with growth in vehicle sales and solid operating results.
The company's focus on financial discipline, revenue growth, and strategic investments underscores its commitment to shareholder value.
Challenges from interest rates and margin dynamics were discussed, signaling a need for continued strategic adjustments.
Opportunities in expanding financial services, enhancing customer experience, and optimizing business operations were key themes of the call.

AutoNation Q2 2024 Earnings Impacted by CDK Outage, Sees Growth Opportunities

AutoNation faced challenges in Q2 due to the CDK outage, impacting earnings and sales.
Despite setbacks, the company showed strengths in workforce growth and share repurchases.
Opportunities lie in improving trends in Customer Financial Services and strong used vehicle demand.
Overall, AutoNation's performance in Q2 reflects a mix of challenges and opportunities for growth.

AutoNation reports resilient Q3 performance amidst challenges and growth opportunities

AutoNation's Q3 2024 earnings call highlighted strong market share gains, challenges from the CDK outage, and opportunities for growth through strategic capital allocation and market trends. The company showcased resilience in key areas and remains focused on enhancing financial performance.

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Cascade Investment, LLC, managed by Bill Gates, is the largest shareholder of AutoNation owning 23% of the company's shares. Eddie Lampert, a hedge fund titan, is the second-largest shareholder with a 12.4% stake. AN has achieved strong financial performance and has a track record of outperforming the S&P 500.

AutoNation: A Solid Value Stock Buy

AutoNation Mobility is offering a fully digital shopping experience with a selection of top brands and the convenience and flexibility of 6 to 12-month micro leases FORT LAUDERDALE, Fla. , Nov. 14, 2023 /PRNewswire/ -- AutoNation, Inc. (NYSE:AN), a provider of personalized transportation services and America's most admired automotive retailer, has announced the launch of 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.

AutoNation Offers Consumers Leases Without Long-term Commitments

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AutoNation's (AN) third-quarter earnings beat thanks to higher-than-expected new and used vehicle revenues.

AutoNation (AN) Q3 Earnings & Revenues Outpace Estimates

Automotive retailer AutoNation has launched a new eCommerce website that allows customers to purchase auto parts and accessories. The new AutoNationParts.com allows customers to purchase these products conveniently and at competitive prices, and have them delivered to their doorstep, AutoNation said in a Tuesday (Oct. 31) press release.

AutoNation Launches eCommerce Platform for Auto Parts and Accessories

Customers can purchase online high-quality automotive parts and accessories at competitive prices and have them shipped directly to their homes FORT LAUDERDALE, Fla. , Oct. 31, 2023 /PRNewswire/ -- AutoNation, Inc. (NYSE: AN), America's most admired automotive retailer, today announced the official launch of AutoNationParts.com, a new eCommerce website enabling Customers to purchase high-quality automotive parts and accessories at competitive prices, shipped directly to their homes.

AutoNation Launches AutoNationParts.com

AutoNation Inc (NYSE:AN) stock is up 1.3% to trade at $130.90 at last check, after J.P. Morgan Securities just upgraded the auto retailer to "neutral" from "underweight," with a price-target cut to $145 from $150, citing the company's valuation. Stephens also threw in an adjustment, lowering AN's price target to $152 from $155.

Analyst Unfazed by AutoNation Stock Struggles

AutoNation, Inc. (NYSE:AN ) Q3 2023 Results Conference Call October 27, 2023 9:00 AM ET Company Participants Derek Fiebig - Vice President of Investor Relations Mike Manley - Chief Executive Officer Tom Szlosek - Chief Financial Officer Conference Call Participants John Murphy - Bank of America Rajat Gupta - JPMorgan Daniel Imbro - Stephens Patrick Buckley - Jefferies David Whiston - Morningstar Operator Good morning. My name is Ellen, and I'll be your conference operator today.

AutoNation, Inc. (AN) Q3 2023 Earnings Call Transcript

AutoNation, Inc. shares have steadily fallen since August but traded marginally higher in response to a solid earnings report. The company's earnings beat expectations, with revenue rising by 3% and gross profit down 1% due to normalized gross margins. AutoNation's buyback program has been a significant driver of value creation, with the company reducing its share count in half since the end of 2020.

AutoNation: A Solid Q3, Aided By An Accretive Buyback Program

The headline numbers for AutoNation (AN) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, AutoNation (AN) Q3 Earnings: A Look at Key Metrics

AutoNation (AN) came out with quarterly earnings of $5.54 per share, beating the Zacks Consensus Estimate of $5.42 per share. This compares to earnings of $6 per share a year ago.

AutoNation (AN) Q3 Earnings and Revenues Beat Estimates

AutoNation, Inc. (NYSE:AN) reported 3Q earnings that showcased solid performance despite the challenges posed by the COVID-19 pandemic and supply chain disruptions. The company's after-sales gross profit and gross profit per vehicle sold increased, indicating strong demand for its products and services.

AutoNation beats expectations with strong 3Q earnings

AutoNation reports third-quarter earnings of $5.54 a share on revenue of $6.89 billion.

AutoNation Posts Unit Sales Growth for First Time in 8 Quarters

AutoNation Inc. AN, +1.99% reported Friday third-quarter profit and revenue that beat expectations, as total unit sales showed growth for the first time in two years. The new and used car retailer's stock was still inactive in the premarket.

AutoNation beats earnings expectations, as total vehicle unit sales grew for the first time in 2 years

Third Quarter 2023 Revenue was $6.9 billion, compared to $6.7 billion a year ago, driven by New Vehicle and After-Sales growth Third Quarter 2023 After-Sales gross profit was a record $546 million, an increase of 14% compared to prior year Third Quarter 2023 Earnings Per Share (EPS) was $5.54, compared to EPS of $6.31 and Adjusted EPS of $6.00 a year ago Repurchased 1.3 million shares of common stock for an aggregate purchase price of $200 million FORT LAUDERDALE, Fla. , Oct. 27, 2023 /PRNewswire/ -- AutoNation, Inc. (NYSE: AN), America's most admired automotive retailer, today reported Third Quarter 2023 EPS of $5.54, compared to Third Quarter 2022 EPS of $6.31 and Adjusted EPS of $6.00, which excluded $0.31 of favorable items.

AutoNation Reports Third Quarter 2023 Results

AutoNation (AN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

AutoNation (AN) Expected to Beat Earnings Estimates: Should You Buy?

FORT LAUDERDALE, Fla. , Oct. 17, 2023 /PRNewswire/ -- AutoNation, Inc. (NYSE:AN) America's most admired retailer, today confirmed that it will not be making a formal offer for Pendragon PLC.

AutoNation Withdraws from Pendragon PLC Process

AutoNation (AN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will AutoNation (AN) Beat Estimates Again in Its Next Earnings Report?

Over $35 million raised for cancer research, treatment and awareness, AutoNation's signature DRV PNK campaign fuels hope for improved outcomes FORT LAUDERDALE, Fla. , Oct. 12, 2023 /PRNewswire/ -- As part of an annual tradition, AutoNation, Inc. (NYSE: AN) gathered thousands of Associates coast to coast for Drive Pink (DRV PNK) Across America Day on October 11 th.

AutoNation Shifts Drive Pink Campaign Into High Gear to Drive Out Cancer

FORT LAUDERDALE, Fla. , Oct. 10, 2023 /PRNewswire/ -- AutoNation, Inc. (NYSE: AN), America's most admired automotive retailer, today announced that it will release its financial results for the third quarter ended September 30, 2023, on Friday, October 27, 2023.

AutoNation Announces Third Quarter 2023 Earnings Conference Call and Audio Webcast Scheduled for Friday, October 27, 2023

Mike Manley, the British CEO of Florida-based AutoNation, is contemplating intervening in the £500 million acquisition of Pendragon Group (LSE:PDG) PLC, the UK's second-largest car dealer, according to the Sunday Times. AutoNation, which previously had a 32p-a-share bid rejected, is said to have the financial capacity to offer up to 38p-a-share, potentially outbidding the current front-runner, American firm Lithia Motors.

Pendragon: AutoNation reportedly ready to join bidding war for car dealer

Pendragon buyout war intensifies as AutoNation (AN) makes an offer to acquire the company for a substantial sum of approximately ??447 million in cash.

AutoNation's (AN) Offer Heats Up Pendragon Buyout Battle

Pendragon PLC (LON: PDG) is up more than 10% this morning after it received an unsolicited cash proposal from AutoNation Inc (NYSE: AN). Pendragon inked a deal with Lithia Motors last week The 32 pence a share proposal from AutoNation values Pendragon at about £447 million ($544 million).

Pendragon shares jump 12% on an unsolicited proposal from AutoNation

Pendragon PLC is considering a third option after AutoNation entered to fray to buy the Nottingham-based car dealership. Shares jumped 11% to 33p following the development which came after the market close on Tuesday and ahead of half-year results today.

Pendragon battle hots up as AutoNation enters the fray

AutoNation Inc. AN, +0.50% confirmed Tuesday it made a non-binding proposal to buy U.K. car-dealer chain Pendragon PLC PDG, +2.23%, and added that it had not consented to Pendragon making the proposal public. In a filing with the Securities and Exchange Commission, AutoNation said it did a non-binding preliminary proposal of 32 pence per share offer for Pendragon, which would not require board approval.

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