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) announced the appointment of Norman Jenkins as an independent director to its Board of Directors, effective December 14, 2020. Jenkins is the CEO of Capstone Development, specializing in real estate, and previously held executive roles at Marriott International. His diverse experience is expected to bolster AutoNation's strategic insights. The company continues to expand its presence, operating over 325 locations and selling over 12 million vehicles. This leadership addition is part of AutoNation's initiative to enhance its corporate governance.
On December 3, 2020, AutoNation (NYSE: AN) donated $20,000 to Phoenix Children's Hospital at AutoNation Toyota Tempe. This funding was raised through its cash register charity program with local community support. Additionally, AutoNation's operations in Arizona recently helped the hospital raise over $162,000 as the Pace Car Sponsor of a virtual 5K event. AutoNation has committed over $26 million to cancer research through its DRIVE PINK initiative since 2013, demonstrating its dedication to community support and health initiatives.
AutoNation (NYSE: AN) announced the launch of the "Twelve Cars of Christmas" DRV PNK Holiday Parade in Las Vegas, aimed at supporting families with children battling cancer. This initiative is in collaboration with the Tyler Robinson Foundation and the Nevada Childhood Cancer Foundation, providing joy to affected families. From November 9 to December 22, AutoNation stores will display decorated vehicles and encourage the public to donate unwrapped toys. AutoNation has raised nearly $26 million through community efforts, including its DRIVE PINK initiative to fight cancer.
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AutoNation reported a strong Q3 2020 with a net income from continuing operations of $183 million or $2.05 per share, representing an 83% year-over-year increase. Adjusted EPS hit a record $2.38, up 102% from Q3 2019. Same-store gross profit rose 11% to $972 million, with new vehicle gross profit per unit increasing 56% to $2,535. The company announced a $500 million share repurchase program and aims to open over 100 new AutoNation USA pre-owned vehicle stores by 2025.
AutoNation (NYSE: AN), America's leading automotive retailer, will announce its Q3 2020 financial results on October 21, 2020. A conference call and audio webcast will occur at 9:00 a.m. Eastern Time the same day to discuss these results. Interested parties can access the call via phone or through AutoNation's investor relations website. AutoNation has over 325 locations and has sold more than 12 million vehicles. The company is committed to transforming the automotive industry through innovation and customer-focused processes.
On October 1, 2020, AutoNation (NYSE: AN) announced its support for Breast Cancer Awareness Month through its Drive Pink initiative. NTT INDYCAR® SERIES drivers Jack Harvey, Alexander Rossi, and Marco Andretti will showcase pink liveries during the INDYCAR HARVEST Grand Prix Race 2 on October 3. AutoNation has committed over $25 million to cancer treatment and research through Drive Pink, which focuses on charitable giving and support for those impacted by cancer. The company's initiative highlights its dedication to community health and awareness.
AutoNation (NYSE: AN) has raised over $25 million for cancer research through its Drive Pink initiative since its inception in 2015. This year, the funds will support seven major research projects via the Breast Cancer Research Foundation in honor of Breast Cancer Awareness Month. AutoNation's associates are preparing care bags for cancer patients as part of their annual DRV PNK Across America Day. The company emphasizes its commitment to driving out cancer and celebrates its achievements in supporting critical research and patient care.
AutoNation (NYSE: AN) will offer free vehicle sanitization for U.S. military personnel every Tuesday from September 15 to November 11, 2020. Eligible members can receive a Clorox Total 360 sanitization treatment at any AutoNation store by presenting a Military ID. This initiative aims to support military personnel, thanking them for their service. AutoNation is also providing discounts on new vehicle purchases, leases, and services for military members. The company operates over 325 locations nationwide and is committed to enhancing customer experience.