AutoNation, Inc. - AN STOCK NEWS

Kerrigan Advisors, a leading sell-side advisory firm for auto dealers, has announced the appointment of Chris Gempton as Senior Vice President, Sell-Side Advisory. Gempton brings nearly two decades of automotive experience, including 13 years at AutoNation (NYSE: AN), where he most recently served as Vice President of Corporate Development. In this role, he oversaw nearly $3 billion in transactions across 130+ dealerships representing more than $5 billion in revenue.

Gempton will open Kerrigan Advisors' first Florida office in Midtown Miami to serve clients in the Southeastern U.S., an active market for dealership buy/sell transactions. This expansion further cements Kerrigan Advisors' status as the leading sell-side advisor in the industry, bringing the team's collective transaction experience to nearly $12 billion.

AutoNation (NYSE: AN) reported Q2 2024 results with revenue of $6.5 billion, EPS of $3.20, and adjusted EPS of $3.99. The quarter was significantly impacted by a CDK Global cyber incident, reducing EPS by an estimated $1.55. Despite challenges, the company saw improved After-Sales gross profit margin and positive trends in vehicle unit profitability. AutoNation continued its focus on capital allocation, with year-to-date share repurchases of $350 million. The company reported strong free cash flow conversion and maintained a solid liquidity position of $1.6 billion. While revenue and gross profit decreased year-over-year, AutoNation's CEO, Mike Manley, expressed confidence in the health of their markets and anticipates a strong second half of the year.

AutoNation (NYSE: AN), a leading U.S. automotive retailer, has announced its second quarter 2024 earnings release scheduled for Wednesday, July 31, 2024, before market open. The company will host a conference call and audio webcast at 9:00 a.m. Eastern Time on the same day to discuss the results. Investors can access the call via phone at 833-470-1428 (Conference ID: 522370) or through AutoNation's investor relations website. The webcast will be available for replay until August 21, 2024. AutoNation operates a nationwide network of dealerships, offering new and used vehicles, financing, parts, and maintenance services. The company has also raised over $40 million for cancer-related causes through its DRV PNK initiative.

AutoNation announced the appointment of Claire Bennett to its Board of Directors, effective July 8, 2024. Bennett brings extensive experience in customer service, general management, and consumer services, having held significant roles at Intercontinental Hotels Group and American Express. AutoNation aims to leverage her expertise to navigate industry, customer, and technological changes. The company, known for its personalized transportation services, seeks to benefit from Bennett's background as it continues to innovate and provide exceptional services.

AutoNation (NYSE:AN) has partnered with the U.S. Army through the PaYS program to provide job opportunities for soldiers in the automotive industry. The PaYS program guarantees soldiers five job interviews with companies like AutoNation after their service. This initiative aims to leverage the skills and experiences of veterans for various roles within AutoNation, which currently employs over 1,000 veterans. The partnership was announced at a signing ceremony attended by representatives from both organizations, emphasizing the company's commitment to diversity and inclusion in its workforce.

AutoNation, Inc. (NYSE: AN) reported first quarter 2024 EPS of $4.49, compared to $6.07 a year ago. Revenue was $6.5 billion, up $87 million from a year ago. After-Sales gross profit increased by 9% to $556 million. The company repurchased 1.6 million shares of common stock and authorized the repurchase of up to an additional $1.0 billion. The operational summary shows a 1% increase in revenue but a decrease in gross profit and net income. New Vehicle retail unit sales increased by 7% and Used Vehicle retail unit sales by 2%.

AutoNation, Inc. (AN) will release its Q1 2024 financial results on April 26, 2024, followed by a conference call. Investors can access the call via phone or webcast. The webcast will be available on the company's website for a time.

AutoNation, Inc. (AN) reported Q4 2023 GAAP EPS of $5.04 and adjusted EPS of $5.02 with revenue of $6.8 billion. The company saw double-digit growth in after-sales, record gross profit, and share repurchases of $151 million in Q4. Full-year revenue for 2023 was $26.9 billion, showing a strong performance in new vehicle unit sales and after-sales revenue.

AutoNation, Inc. (AN) will release its Q4 2023 financial results on February 13, 2024. The conference call and webcast will provide insights into the Company's performance and future outlook.