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AutoNation Inc (AN.N)

AN.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Autonation Says For 2019, Expect SG&A As A Percentage Of Gross Profit To Improve Compared To 2018 - Conf call
Friday, 22 Feb 2019 

Feb 22 (Reuters) - AutoNation Inc ::AUTONATION SAYS EXPECT INDUSTRY NEW VEHICLE UNIT SALES, INCLUDING FLEET, TO BE IN THE HIGH 16 BILLION UNITS FOR 2019 WITH EXPECTATION OF INDUSTRY NEW VEHICLE RETAIL SALES TO BE DOWN ABOUT 5 PERCENT - CONF CALL.AUTONATION SAYS FOR 2019, EXPECT SG&A AS A PERCENTAGE OF GROSS PROFIT TO IMPROVE COMPARED TO 2018, WITH MAJORITY OF IMPROVEMENT OCCURRING LATER IN THE YEAR.AUTONATION SAYS AS PART OF ASSET OPTIMIZATION STRATEGY, CO WILL CONTINUE TO ACTIVELY EVALUATE AND MANAGE STORE AND REAL ESTATE PORTFOLIO, LIKELY RESULTING IN FURTHER DIVESTITURES IN 2019.  Full Article

Autonation Appoints Carl Liebert As New CEO
Friday, 22 Feb 2019 

Feb 22 (Reuters) - AutoNation Inc ::AUTONATION INC SAYS TO APPOINT CARL LIEBERT AS NEW CEO & PRESIDENT EFFECTIVE MARCH 11.AUTONATION INC SAYS LIEBERT WAS ALSO NAMED TO CO'S BOARD OF DIRECTORS, EFFECTIVE MARCH 11.AUTONATION INC SAYS LIEBERT CURRENTLY SERVES AS CHIEF OPERATING OFFICER & EXECUTIVE VICE PRESIDENT OF USAA.AUTONATION INC SAYS CO'S BOARD UNANIMOUSLY VOTED, WITH FULL SUPPORT OF CASCADE INVESTMENT & ESL INVESTMENTS, TO APPOINT LIEBERT AS NEW CEO & PRESIDENT.AUTONATION INC SAYS MIKE JACKSON WILL ASSUME ROLE OF EXECUTIVE CHAIRMAN OF BOARD ON MARCH 11.  Full Article

AutoNation Expects CEO Mike Jackson To Transition To Executive Chairman In 2019
Wednesday, 19 Sep 2018 

Sept 19 (Reuters) - AutoNation Inc ::AUTONATION EXTENDS MIKE JACKSON'S CONTRACT.AUTONATION INC - JACKSON EXPECTED TO TRANSITION FROM CHAIRMAN, CEO AND PRESIDENT TO EXECUTIVE CHAIRMAN IN 2019.AUTONATION INC - BOARD OF DIRECTORS WILL LEAD A SUCCESSION PROCESS FOR A NEW CEO AND PRESIDENT.AUTONATION INC - AUTONATION EXTENDS MIKE JACKSON'S CONTRACT THROUGH 2021 AS EXECUTIVE CHAIRMAN.AUTONATION INC - RETAINED EXECUTIVE SEARCH AND LEADERSHIP ADVISORY FIRM, WHICH WILL CONSIDER BOTH INTERNAL AND EXTERNAL CANDIDATES.  Full Article

Autonation Q4 Earnings Per Share $1.64 From Continuing Operations
Thursday, 1 Feb 2018 

Feb 1 (Reuters) - Autonation Inc ::AUTONATION REPORTS ALL-TIME RECORD QUARTERLY EPS.Q4 EARNINGS PER SHARE $1.64 FROM CONTINUING OPERATIONS.Q4 EARNINGS PER SHARE VIEW $0.93 -- THOMSON REUTERS I/B/E/S.Q4 REVENUE $5.7 BILLION VERSUS I/B/E/S VIEW $5.55 BILLION.RECENT TAX REFORM BILL POSITIVELY IMPACTED Q4 2017 NET INCOME FROM CONTINUING OPERATIONS BY $41 MILLION, OR $0.45 PER SHARE.RECENT TAX REFORM BILL POSITIVELY IMPACTED Q4 2017 NET INCOME FROM CONTINUING OPERATIONS BY $41 MILLION, OR $0.45 PER SHARE.SAME STORE Q4 2017 REVENUE TOTALED $5.6 BILLION COMPARED TO $5.4 BILLION IN YEAR-AGO PERIOD.QTRLY RETAIL NEW VEHICLE UNIT SALES 87,234 UNITS VERSUS 84, 622 UNITS.  Full Article

Autonation To Benefit From Tax Reform Bill
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - Autonation Inc ::AUTONATION TO BENEFIT FROM TAX REFORM BILL.AUTONATION - EXPECTS TAX REFORM BILL TO POSITIVELY IMPACT Q4 NET INCOME FROM CONTINUING OPERATIONS BY ABOUT $41 MILLION, OR ABOUT $0.45 PER SHARE.AUTONATION INC - CO ALSO ANTICIPATES A BENEFIT OF APPROXIMATELY $75 MILLION TO $100 MILLION, OR APPROXIMATELY $0.80 TO $1.10 PER SHARE, FOR FULL YEAR 2018​.AUTONATION - TO USE SAVINGS FROM TAX REFORM TO ACCELERATE BRAND EXTENSION STRATEGY, EXPAND "DRIVE PINK" INITIATIVES.  Full Article

Autonation signs multi-year service agreement with Waymo
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Autonation Inc ::Autonation signs multi-year service agreement with Waymo.Autonation inc says signed agreement to support Alphabet-owned Waymo's autonomous vehicle program​.Autonation Inc says will provide 'strategic capabilities' to maximize Waymo self-driving vehicles' lifetime across united states​.Autonation says some of its stores will provide vehicle maintenance and repairs for Waymo's self-driving Chrysler Pacifica hybrid vehicle fleet.  Full Article

AutoNation restates existing unsecured credit pact
Wednesday, 25 Oct 2017 

Oct 24 (Reuters) - Autonation Inc :AutoNation says ‍on october 19, co amended and restated its existing unsecured credit agreement​- sec filing.AutoNation - ‍amendment extends stated termination date of credit agreement​ to october 19, 2022.AutoNation - Amendment also allows co to increase amount of revolving credit facility,together with any added term loans,by up to $500 million in aggregate​.  Full Article

AutoNation CEO on CNBC says "probably lost 5-6 pct of inventory" in Houston
Friday, 8 Sep 2017 

Sept 8 (Reuters) - :AutoNation CEO Mike Jackson on CNBC says "probably lost 5-6 percent of inventory" in Houston.AutoNation CEO Mike Jackson on CNBC says 35 locations in South Florida closed in preparation for hurricane Irma.  Full Article

Autonation authorizes additional $250 million for share repurchase
Wednesday, 30 Aug 2017 

Aug 29 (Reuters) - Autonation Inc ::Autonation authorizes additional $250 million for share repurchase.Autonation - ‍with increased authorization, co has approximately $270 million total board authorization remaining for share repurchases as of August 29​.  Full Article

Autonation CEO on CNBC says 17 Houston stores closed in wake of hurricane Harvey
Tuesday, 29 Aug 2017 

Aug 29 (Reuters) - :Autonation CEO Mike Jackson on CNBC says business is at a standstill in Houston; don't know when stores will be reopened.Autonation CEO Mike Jackson on CNBC says 17 houston stores closed in the wake of hurricane Harvey.  Full Article

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AutoNation names new CEO as slowing auto sales hit results

AutoNation Inc said on Friday it has chosen insurance and financial services executive Carl Liebert to succeed longtime Chief Executive Officer Mike Jackson and lead the largest U.S. auto dealership chain at a challenging time, when the domestic vehicle market has been slowing.