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) has announced the grand opening of two new AutoNation USA stores in Denton and Houston, Texas, expanding its pre-owned vehicle retail presence to eight locations in the state and 26 nationwide. The new stores bring 35 and 36 new jobs respectively to their areas.
The Denton location spans 18,306 square feet and joins AutoNation USA Plano in the Dallas-Fort Worth Metroplex. The Gulf Freeway store in Houston covers 18,426 square feet, complementing existing locations in Houston and Katy.
Both stores feature AutoNation's signature 1Price Pre-Owned experience with haggle-free pricing and the We'll Buy Your Car program offering same-day cash offers. In celebration of the openings, AutoNation honored the Texas chapter of the American Cancer Society through its DRV PNK initiative, which has raised over $40 million for cancer-related causes.
AutoNation (NYSE: AN) reported Q4 2024 results with revenue of $7.2 billion, up 8% year-over-year on a same-store basis. The company achieved EPS of $4.64 and adjusted EPS of $4.97.
Key highlights include: 12% growth in new vehicle same-store unit sales, 14% increase in used vehicle gross profit, and 5% growth in After-Sales gross profit. The company's finance arm, AN Finance, originated $1.1 billion in loans during 2024.
Notable financial metrics: Operating income decreased 3% to $339.5 million, while net income declined 14% to $186.1 million. The company maintained strong balance sheet discipline with leverage reduced to 2.4X in Q4. AutoNation executed $460 million in share repurchases during 2024, representing a 7% share reduction.
AutoNation (NYSE:AN) has been named to Fortune's 2025 World's Most Admired Companies list, marking its eighth consecutive year on the list and fifth consecutive year as the highest-ranked automotive retailer. The selection process, conducted in partnership with Korn Ferry, evaluated 1,500 companies across 52 industries globally, with 3,380 respondents rating companies on nine criteria including management quality and social responsibility.
CEO Mike Manley attributes this recognition to the company's commitment to delivering exceptional experiences and making a lasting impact. A significant part of this impact comes through their DRV PNK initiative, which has raised over $40 million for cancer research and treatment through various community activities.
As one of the largest automotive retailers in the United States, AutoNation provides comprehensive automotive services, including new and used vehicles sales, financing, maintenance, and repair services through its nationwide network of dealerships.
AutoNation (NYSE: AN) has announced it will release its Q4 2024 financial results on Tuesday, February 11, 2025, before market opens. The company will host a conference call and audio webcast at 9:00 a.m. Eastern Time to discuss the results.
Investors can access the conference call via telephone at 833-470-1428 (Conference ID: 705922) or through AutoNation's investor relations website. The webcast recording will be available until March 04, 2025, through the website or by calling 866-813-9403.
AutoNation is one of the largest automotive retailers in the United States, operating a nationwide network of dealerships. The company offers new and used vehicles, financing, parts, and maintenance services.
AutoNation (NYSE: AN) announces its Mobile Services initiative ahead of Thanksgiving, offering over 200 vehicle repair and maintenance services directly to customers' locations. With gas prices around $3 per gallon and an expected 72 million travelers on the road, the company aims to provide convenient pre-travel maintenance services. The mobile service is available in 17 major U.S. cities, including Atlanta, Chicago, Dallas, and Los Angeles. Customers can schedule services online through autonationmobileservice.com, allowing them to manage vehicle maintenance while preparing for holiday travel.
AutoNation (NYSE: AN) launched its 8th Annual DRV PNK Across America Campaign, highlighting its commitment to fighting cancer. The company has donated and raised over $40M for cancer research and treatment. The campaign includes the Totes for Hope program, where 25,000 Associates created tote bags for cancer patients, partnerships with sports teams, and various fundraising events nationwide. Through December, customers can make donations at AutoNation's 300 locations to support the Breast Cancer Research Foundation, which has received nearly $2 million in customer donations over nine years.
AutoNation (NYSE: AN) has donated $25,000 to the Onco-Ballet Foundation, a nonprofit organization that helps cancer patients and survivors through ballet therapy. The donation was announced on 'The Drew Barrymore Show' and is part of AutoNation's DRV PNK initiative, which has raised over $40 million for cancer research, prevention, and care. The Onco-Ballet Foundation, founded in 2023 by Anna Wassman-Cox, a former professional ballerina and two-time breast cancer survivor, offers free and low-cost ballet classes to cancer patients in Irvine, California.
AutoNation (NYSE: AN) announces a special Veterans Day promotion offering a 20% discount on all services at AutoNation-branded locations and Mobile Service from November 11-16, 2024. The discount applies to active military personnel, veterans, and their spouses, with a maximum discount of $300 in-store and $150 for mobile services. The company also highlights its partnership with the U.S. Army's PaYs program, connecting transitioning soldiers with civilian career opportunities at AutoNation. The service is available through their nationwide network of dealerships and mobile service operations in 17 major U.S. cities.
AutoNation reported Q3 2024 results with revenue of $6.6 billion, down 4% year-over-year, and EPS of $4.61 ($4.02 adjusted). The quarter saw 2% growth in same-store new vehicle sales and record After-Sales gross profit of $558 million. Results were impacted by CDK outage effects, reducing EPS by $0.21. Key metrics showed mixed performance: new vehicle unit sales increased 1% while used vehicle sales declined 8%. The company maintained strong liquidity of $1.6 billion and continued share repurchases, buying back 36,000 shares for $6 million during Q3.
AutoNation, Inc. (NYSE: AN) has announced its upcoming third quarter 2024 earnings release and conference call. The company will disclose its financial results for the quarter ended September 30, 2024, on Friday, October 25, 2024, before market opening. A conference call and audio webcast are scheduled for 9:00 a.m. Eastern Time on the same day to discuss the results.
Investors can access the conference call by dialing 833-470-1428 (Conference ID: 356177) or via AutoNation's investor relations website. The webcast will be available on the company's website under 'Events & Presentations' until November 15, 2024. AutoNation, one of the largest U.S. automotive retailers, offers a wide range of vehicles, services, and solutions through its nationwide network of dealerships.