AutoNation Stock Price, News & Analysis

AutoNation (NYSE:AN) commemorates cancer survivors and fighters as it partners with CBS' @TheTalkCBS for the Season 13 Premiere. The show, returning after the passing of Executive Producer Heather Gray, features a studio audience of cancer warriors. Each attendee receives a DRVPNK 'Totes for Hope' comfort bag and a $250 gift card. Since launching its DRVPNK initiative in 2015, AutoNation has raised $35 million for cancer research and treatment. The 8th annual DRVPNK Across America kicks off on October 11, with efforts to support the Breast Cancer Research Foundation.

Autonomy, the largest electric vehicle subscription company in the U.S., has launched a month-to-month auto insurance product integrated into its subscription service, in partnership with Liberty Mutual Insurance. This product allows consumers to pay for auto insurance on a flexible basis through the Autonomy app, solving key consumer pain points. Subscribers can access a subscription bundle that includes tax, title, registration, routine maintenance, and roadside assistance. Following its recent order of 23,000 electric vehicles, Autonomy seeks to enhance access to EVs through this innovative offering.

AutoNation (NYSE:AN) is hosting complimentary Teen Driver Safety Clinics across its USA stores starting July 28, 2022. These one-hour sessions aim to educate novice drivers on safe driving practices, addressing risks such as distractions, speeding, and impaired driving. Participants will gain essential car care knowledge from local service associates and receive a mini car care kit. Parents and guardians are encouraged to attend with their teens. Registration is required to join these community-focused clinics, promoting a safer driving experience for young drivers.

AutoNation partners with Autonomy to facilitate the acquisition of up to 20,000 electric vehicles over the next 12-18 months. This partnership aims to enhance Autonomy’s vehicle subscription model, expanding from Tesla to various automaker brands, leveraging AutoNation’s nationwide infrastructure.

The collaboration allows Autonomy to scale its operations nationally while remaining capital efficient. AutoNation will provide essential vehicle preparation, delivery, and maintenance services to support Autonomy's subscription offerings, catering to a growing demand for electric vehicles.

AutoNation reported a second quarter 2022 EPS of $6.48, a 34% increase year-over-year. Operating income reached a record $558 million, up 5% from last year. However, total revenue was $6.9 billion, a 2% decline, driven by a 14% drop in new vehicle revenue. After-sales gross profit rose 11% to $482 million. AutoNation announced plans to acquire CIG Financial to enhance customer experience and authorized an additional $1 billion in share repurchases. As of June 30, 2022, liquidity stood at $2.1 billion.

AutoNation (NYSE: AN), the largest automotive retailer in the U.S., will release its Q2 2022 financial results on July 21, 2022. The results will be discussed during a conference call at 9:00 a.m. ET, accessible by phone or via its investor relations website. A recorded playback will be available post-call until August 11, 2022.

AutoNation (NYSE: AN) announces a new national advertising campaign titled "Go Be Great!" highlighting its commitment to unmatched customer experience and a positive work environment. The campaign, developed with I Think Studios and Zimmerman Advertising, features associates nationwide and will run across various media platforms, starting with TV commercials on ESPN, CNBC, and NBC on May 29. The initiative aligns with a focus on recruitment and retention, showcasing AutoNation's commitment to its workforce and customer satisfaction. Recognized for excellence, AutoNation has won numerous awards, including the J.D. Power Dealer of Excellence.

AutoNation (NYSE: AN) announces that 129 of its dealerships have been certified in the J.D. Power 2022 Dealer of Excellence Program. This prestigious recognition highlights AutoNation's commitment to exceptional customer service, setting these certified stores apart in the automotive retail sector. The program assesses dealerships based on the J.D. Power U.S. Sales Satisfaction Index, ensuring that only top performers achieve certification. AutoNation aims to provide a transparent and customer-centric purchasing experience, validating its position as a leader in the automotive industry.