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AutoNation Inc (AN.N)

AN.N on New York Stock Exchange

51.98USD
20 Feb 2018
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Latest Key Developments (Source: Significant Developments)

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 reports Q3 earnings from continuing operations of $1.05/share
Friday, 28 Oct 2016 

AutoNation Inc : Q3 earnings per share from continuing operations $1.05 . Estimates Takata airbag recall negatively impacted q3 net income from continuing operations by about $6 million after-tax . At end of Q3, about 14 percent of Autonation's used vehicle inventory was on hold due to Takata airbag recall . Q3 total revenue of $5.6 billion, up 4 percent . Announced acquisition of 3 premium luxury franchises, one collision center, award of 3 premium luxury franchise add-points . Board has authorized repurchase of up to an additional $250 million of common stock .Q3 earnings per share view $1.15, revenue view $5.61 billion -- Thomson Reuters I/B/E/S.  Full Article

Autonation CEO Mike Jackson says U.S. auto industry is plateauing at a high level - CNBC
Friday, 29 Jul 2016 

: Autonation CEO Mike Jackson Says U.S. auto industry is plateauing at a high level - CNBC . Autonation CEO Mike Jackson says "availability of lending is terrific, default rates are still miniscule compared to historic levels" - CNBC . Autonation CEO Mike Jackson says "Tesla's Autopilot Overpromises, under delivers" - CNBC (Bengaluru Newsroom +91 80 6749-1130; within U.S. +1 646 223 8780).  Full Article

AutoNation reports quarterly EPS of $1.08 from continuing operations
Friday, 29 Jul 2016 

AutoNation Inc : Reports All Time record quarterly EPS from continuing operations . Q2 earnings per share $1.08 from continuing operations . Q2 earnings per share view $1.05 -- Thomson Reuters I/B/E/S . Quarterly revenue rose 4 percent to $5.4 billion . Q2 revenue view $5.50 billion -- Thomson Reuters I/B/E/S . In H2, sees improvement due to Takata airbag parts availability,compensation paid by certain manufacturers that will partially offset costs .Autonation Inc says "Takata airbag recall continues to be disruptive to our business".  Full Article

AutoNation to acquire Bmw, Land Rover and Jaguar stores
Thursday, 7 Jul 2016 

AutoNation Inc : AutoNation to acquire BMW, Land Rover and Jaguar stores in Westchester County, New York . New Jaguar Land Rover facilities in White Plains, Mt. Kisco to generate about $100 million in additional annual revenue once fully operational .In Mt. Kisco, AutoNation will relocate land rover franchise and combine it with Jaguar in a new auto retail facility.  Full Article

Autonation to acquire Chrysler Jeep store in Denver, Colorado
Friday, 10 Jun 2016 

Autonation Inc :Autonation to acquire chrysler jeep store in denver, colorado.  Full Article

Avis steers into crowded field for managing ride services fleets

DETROIT When Avis Budget Group Inc reports its results on Wednesday, executives under pressure from restive shareholders will likely point to the potential for profits from managing fleets of vehicles for ride services and robo-taxi companies.