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AutoNation Inc (AN.N)

AN.N on New York Stock Exchange

39.41USD
12 Nov 2018
Change (% chg)

$0.43 (+1.10%)
Prev Close
$38.98
Open
$38.93
Day's High
$39.95
Day's Low
$38.93
Volume
223,104
Avg. Vol
198,545
52-wk High
$62.01
52-wk Low
$37.65

Latest Key Developments (Source: Significant Developments)

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

AutoNation Q2 earnings per share $0.86 from continuing operations
Wednesday, 2 Aug 2017 

Aug 2 (Reuters) - AutoNation Inc :Q2 earnings per share $0.86 from continuing operations.Awarded jaguar land rover add-point, with expected annual revenue of about $130 million .Autonation reports second quarter 2017 results.Q2 earnings per share view $0.97 -- Thomson Reuters I/B/E/S.  Full Article

AutoNation reports Q2 SHR from cont ops $0.86
Wednesday, 2 Aug 2017 

Aug 2 (Reuters) - AutoNation Inc :AutoNation Inc Says Q2 SHR from cont ops $0.86; Q2 Revenue $5.28 bln VS $5.44 bln.Q2 earnings per share view $0.97, revenue view $5.55 billion -- Thomson Reuters I/B/E/S.says Q2 retail new vehicle unit sales 79,892 versus 85,654 last year.Q2 same store combined retail vehicle unit sales down 2 percent.Says acquisition of Alpine Jaguar in FT. Lauderdale, FL, representing about $68 million in annual revenue.It was awarded a Jaguar Land Rover add-point in Delray Beach, FL with anticipated annual revenue of about $130 million, once fully operational.  Full Article

UPDATE 1-AutoNation misses revenue estimates on lower new vehicle sales; plans cost cuts

Oct 30 AutoNation Inc reported lower-than-expected revenue on Tuesday, as the largest U.S. auto retail chain sold fewer new vehicles, and the company said it plans to scale back investment and overhead costs in 2019.