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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SANTA MONICA, Calif.--( BUSINESS WIRE )--Autonomy™, the nation's largest electric vehicle subscription company, today announced that its service is now available in Austin, Texas. The debut in Texas comes after a successful launch in California earlier this year and a recent expansion into Florida and Washington.

Autonomy's Electric Vehicle Subscription Service Makes Texas Debut in Austin Metro, Travis County

AutoNation says it will expand its post-sale vehicle service offerings by acquiring mobile car repair platform RepairSmith. The $190 million deal, announced Monday (Dec. 12), is happening when many consumers are choosing to repair old cars instead of buying new ones, and car dealers are feeling pessimistic about their prospects.

AutoNation Moves Into Mobile Car Servicing With $190M RepairSmith Acquisition

AutoNation to significantly increase Customer retention value proposition through expanded and innovative After-Sales business and continue to extend its range of transportation products and services FORT LAUDERDALE, Fla. , Dec. 12, 2022 /PRNewswire/ -- AutoNation, Inc. (NYSE: AN), America's largest and most admired automotive retailer, today announced it has entered into an agreement to acquire RepairSmith, a full-service mobile solution for automotive repair and maintenance, headquartered in Los Angeles, CA with a significant operational footprint in the southern and western United States.

AutoNation To Expand After-Sales Business with Acquisition of RepairSmith

SANTA MONICA, Calif.--( BUSINESS WIRE )--Autonomy™, the nation's largest electric vehicle subscription company, today announced special year-end subscription pricing on a Tesla Model 3. Subscribe by December 31st, 2022 and pay just $3,000 down and $450 a month for the first 12 months. This is Autonomy's lowest price ever, and the lowest price anywhere - guaranteed.*

Autonomy Year-End Sale Guarantees Lowest Price Anywhere for Tesla Model 3

LOS ANGELES--( BUSINESS WIRE )-- At Los Angeles Auto Show 2022 (LA Auto Show 2022), VinFast announced receiving an order from Autonomy™ — the nation's largest electric vehicle subscription company, for more than 2,500 VF 8 and VF 9 vehicles. This is VinFast's largest corporate order to date, and one of Autonomy's largest electric vehicle orders, affirming the reception of the international market for the Vietnamese automaker.

VinFast Receives Order for More Than 2,500 VF 8 and VF 9 Vehicles From Autonomy™

AutoNation (AN) acquires a 6.1% ownership stake in the automotive digital platform, TrueCar, to enhance its digitization efforts. The deal will bolster AN's omnichannel prospects.

AutoNation (AN) Set to Spur Digital Game With Stake in TrueCar

SANTA MONICA, Calif.--( BUSINESS WIRE )--Autonomy™, the nation's largest electric vehicle subscription company, today announced that it is expanding its geographic footprint to Seattle, Washington, including Tacoma and Bellevue.

Autonomy's Electric Vehicle Subscription Service Makes Washington State Debut in Greater Seattle

Truecar Inc

FORT LAUDERDALE, Fla. , Nov. 15, 2022 /PRNewswire/ -- AutoNation, Inc. (NYSE: AN), America's largest and most admired automotive retailer, today announced its acquisition of an approximately 6.1% minority ownership stake in TrueCar, Inc. (NASDAQ: TRUE), a leading automotive digital marketplace that lets auto buyers and sellers connect to its nationwide network of Certified Dealers.

AutoNation Announces Acquisition of Minority Ownership Stake in TrueCar, a Leading Automotive Digital Marketplace

Autonomy Expands Electric Vehicle Subscription Service Beyond California, Debuts Service in Florida

"Dream & Drive" sweepstakes to include over 1.4 million in prizes  and a grand prize of a new vehicle FORT LAUDERDALE, Fla. , Nov. 1, 2022 /PRNewswire/ -- AutoNation, Inc. (NYSE: AN), America's largest and most admired automotive retailer, today announced that it is celebrating the sale of its 14 millionth vehicle, the only automotive retailer to reach this milestone and marking a significant achievement for the industry leader with the most 5-star reviews of any automotive retailer group of all time, according to Reputation.

AutoNation Celebrates 14 Million Vehicles Sold, Underscoring Industry-Leading Position as America's Most Admired Automotive Retailer

AutoNation (AN) misses on earnings in third-quarter 2022. Sales across all its units, except the Import segment, witness robust growth.

AutoNation (AN) Q3 Earnings Trail Estimates, Sales Up Y/Y

The auto retailing industry is facing a highly unusual set of market conditions.

Why Shares in AutoNation Rose This Week

Asbury Automotive Group

Group 1 Automotive

Lithia Motors

Shares of AutoNation, Group 1 and other auto dealers rallied Thursday following strong third-quarter earnings and optimistic outlooks regarding consumer demand.

Auto dealer stocks rally despite Wall Street's 'demand destruction' theory

AutoNation Inc. (NYSE:AN ) Q3 2022 Results Conference Call October 27, 2022 9:00 AM ET Company Participants Derek Fiebig - Vice President of Investor Relations Mike Manley - Chief Executive Officer Joe Lower - Chief Financial Officer Conference Call Participants Rajat Gupta - JPMorgan Bret Jordan - Jefferies Daniel Imbro - Stephens Inc. John Murphy - Bank of America Merrill Lynch Operator Good morning. My name is Nadia, and I will be your conference operator today.

AutoNation Inc. (AN) Q3 2022 Earnings Call Transcript

AutoNation (AN) delivered earnings and revenue surprises of -5.06% and 0.31%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

AutoNation (AN) Q3 Earnings Lag Estimates

Third quarter 2022 GAAP EPS was a third-quarter record $6.31, an increase of 23% year-over-year, and adjusted EPS was $6.00, an increase of 17% year-over-year Third quarter 2022 revenue was $6.7 billion, an increase of 4% compared to the same period a year ago despite lower industry sales of new and used units Third quarter 2022 operating income was $523 million, an increase of 4% as compared to the same period a year ago Third quarter 2022 After-Sales gross profit was $479 million, an increase of 13% compared to the same period a year ago During the third quarter of 2022, AutoNation repurchased 3.8 million shares of common stock for an aggregate purchase price of $428 million AutoNation today announced that the Board of Directors authorized the repurchase of up to an additional $1 billion of AutoNation common stock AutoNation today announced it has entered into an agreement to acquire four dealerships, representing nine franchises, from Moreland Auto Group, representing approximately $320 million in annual revenue FORT LAUDERDALE, Fla. , Oct. 27, 2022 /PRNewswire/ -- AutoNation, Inc. (NYSE: AN), America's most admired automotive retailer, today reported third quarter 2022 GAAP EPS of $6.31 and adjusted EPS of $6.00.

AutoNation Reports Record Third Quarter EPS

While AutoNation, Inc. shares are down, other car dealers have performed worse, but I expect the company to report differentiated results next week. AutoNation's diversified revenue streams insulate it from normalization in used car prices.

AutoNation's Buybacks Have Been A Game-Changer

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Why AutoNation (AN) is a Top Value Stock for the Long-Term

These disclosures are from 13Ds filed with the Securities and Exchange Commission. 13Ds are filed within 10 days of an entity's attaining more than 5% in any class of a company's securities.

Eddie Lampert Continues Selling AutoNation Stock

FORT LAUDERDALE, Fla. , Oct. 6, 2022 /PRNewswire/ -- AutoNation, Inc. (NYSE: AN), America's largest and most admired automotive retailer, today announced that it will release its financial results for the third quarter ended September 30, 2022, on Thursday, October 27, 2022.

AutoNation Announces Third Quarter 2022 Earnings Conference Call and Audio Webcast Scheduled for Thursday, October 27, 2022

AutoNation is racing toward $35 million raised for cancer research, treatment and awareness, renewing its commitment to drive out cancer. FORT LAUDERDALE, Fla.

AutoNation Continues Yearlong Drive Pink Campaign to Drive Out Cancer

AutoNation saw an all-time record for quarterly EPS. Sales of new cars are pressured some, but used volume is on the increase.

AutoNation: Outstanding Stock To Buy

Penske Automotive Group

There may be no giant banners or flapping pennants above these deals, but there is a big sale going on in the automotive industry.

Auto Dealers on Sale

FORT LAUDERDALE, Fla. , Sept. 20, 2022 /PRNewswire/ -- AutoNation, Inc. (NYSE:AN), America's most admired automotive retailer, today announced that it was named an Industry Leader in the 2022 Automotive Reputation Report , Reputation's analysis of customer feedback on 20,000 automotive brands and dealerships in North America (United States and Canada), and 15,000 more across Europe.

AutoNation Named Industry Leader in Reputation's 2022 Automotive Reputation Report

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