AutoNation Stock Price, News & Analysis

AutoNation (NYSE: AN) reported a strong first quarter 2021 with a net income of $240 million, or $2.85 per share, a significant recovery from a net loss of $232 million in Q1 2020. The results included a $6 million gain from the sale of its remaining Vroom investment. Adjusted EPS surged 207% to a record $2.79. Same-store revenue rose 27% to $5.9 billion, with gross profit also increasing by 27%. AutoNation announced plans for new store openings and an acquisition of 11 stores, enhancing its market presence and targeting annual sales of 1 million vehicles by 2026.

On April 15, 2021, AutoNation (NYSE: AN), America's leading automotive retailer, announced that 78 of its stores were certified in the J.D. Power 2021 Dealer of Excellence Program, a significant increase from 54 stores last year. This program highlights dealerships that deliver exceptional customer experiences. Jim Bender, President and COO, praised the achievement as a testament to the company's commitment to customer satisfaction. AutoNation operates over 315 locations across the U.S. and has sold over 13 million vehicles, emphasizing its leadership in the automotive industry.

AutoNation (NYSE: AN), the largest automotive retailer in America, will release its financial results for Q1 2021 on April 20, 2021. An accompanying conference call and webcast will take place at 10:00 a.m. ET, where management will discuss the results. Investors can access the call via telephone or through the company's investor relations website. As of March 31, 2021, AutoNation operates 315 locations and has sold over 13 million vehicles, making it the first automotive retailer to achieve this milestone. The company has raised over $25 million to combat cancer through its DRIVE PINK initiative.

AutoNation, the largest automotive retailer in America, has partnered with Inter Miami CF to become its official automotive partner. This deal includes naming rights to DRV PNK Stadium and extensive branding opportunities, as well as a commitment to donate up to $100,000 annually for every goalkeeper save made during matches, supporting cancer research initiatives. The partnership aims to leverage soccer's influence to raise awareness and funds for cancer research, building on AutoNation's history of raising over $25 million for this cause since 2013.

DigniFi has announced an expanded partnership with AutoNation (NYSE: AN) and TR Wholesale Solutions to facilitate tire financing for customers, enhancing their tire shopping experience. This collaboration enables AutoNation's Service Advisors to assist customers in financing safer, higher-performance tires through DigniFi's platform. Since 2019, AutoNation has leveraged DigniFi to finance repairs and maintenance, improving customer loyalty and generating up to a 20% increase in annual revenue for auto businesses. Tire financing is now available in 244 AutoNation stores and online.

On February 16, 2021, AutoNation (NYSE: AN) announced the election of Rick L. Burdick as Chairman of the Board, effective February 15, 2021. This decision aligns with the Board’s succession plan to separate the roles of Chairman and CEO. Burdick has been a director since May 1991 and Lead Independent Director since December 2018. CEO Mike Jackson remains in his role. AutoNation, the largest automotive retailer in the U.S., operates over 315 locations and has sold over 13 million vehicles, the first in the sector to achieve this milestone.

AutoNation (NYSE: AN) reported a fourth quarter 2020 net income from continuing operations of $152 million, or $1.73 per share, slightly down from $158 million in Q4 2019. Adjusted EPS rose 94% to a record $2.43. Revenue increased by 4% to $5.8 billion, with a same-store gross profit increase of 11% to $984 million. The company plans to open over 100 AutoNation USA pre-owned vehicle stores by 2025, enhancing digital capabilities for customers. AutoNation also repurchased shares totaling about $397 million in early 2021, maintaining a robust liquidity of $2.3 billion.

AutoNation, America's largest automotive retailer, has enhanced the AutoNation Express experience, an integrated solution for vehicle shopping. This upgrade offers a seamless and personalized omnichannel experience, utilizing insights from 9 million customers. Key features include browsing 75,000 vehicles, instant trade-in estimates, and a focus on Electric Vehicles. The platform empowers customers to manage transactions online or in-store using mobile tools. AutoNation aims to reduce friction in the car buying process and enhance customer engagement.