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, Inc. operates as a U.S. automotive retailer with a nationwide dealership network selling new and used vehicles, customer financing, parts, maintenance and repair services. News about AutoNation commonly covers quarterly earnings, vehicle unit trends, After-Sales gross profit, Customer Financial Services profitability and the scaling of AutoNation Finance.
Company updates also include dealership acquisitions that expand brand mix and market density, capital deployment through share repurchases, debt funding for the auto loan portfolio, and consumer-facing service initiatives tied to vehicle maintenance and repair.
AutoNation (NYSE: AN) reported strong financial results for Q2 2021, with net income from continuing operations reaching $385 million, or $4.83 per share, a notable increase from $280 million, or $3.18 per share, in Q2 2020. Same-store revenues soared to an all-time record of $7.0 billion, up 54% year-over-year. Vehicle sales also improved, with new vehicle sales increasing by 42% and used vehicle sales by 37%. The company plans to expand its AutoNation USA stores, targeting over 130 locations by 2026, and has authorized an additional $1 billion for stock repurchases.
AutoNation (NYSE: AN), the largest automotive retailer in the U.S., will release its Q2 2021 financial results on July 19, 2021. Management will discuss these results during a conference call at 10:00 a.m. ET. Investors can access the call via telephone or through AutoNation's investor relations website. The company operates over 300 locations and has sold over 13 million vehicles. AutoNation has committed over $27 million to cancer-related initiatives through its DRIVE PINK program since 2013.
AutoNation (NYSE: AN) announced the opening of its first AutoNation USA store in San Antonio, Texas, as part of its strategy to establish over 130 stores by 2026. The store aims to capture a larger share of the used vehicle market using AutoNation's customer-centric sales model. AutoNation continues to support local communities, highlighted by its DRIVE PINK initiative, which has raised nearly $27 million for cancer research. The San Antonio store features a 1Price Pre-Owned model, offering competitive pricing and a hassle-free buying experience.
Summary not available.
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.