Feb 22 (Reuters) - AutoNation Inc ::AUTONATION REPORTS 2018 FOURTH QUARTER AND FULL YEAR RESULTS.Q4 EARNINGS PER SHARE $1.02 FROM CONTINUING OPERATIONS.Q4 REVENUE $5.4 BILLION VERSUS REFINITIV IBES ESTIMATE OF $5.63 BILLION.Q4 EARNINGS PER SHARE ESTIMATE $1.14 -- REFINITIV IBES DATA.AUTONATION INCURRED APPROXIMATELY $0.08 PER SHARE, OR $9 MILLION, IN RESTRUCTURING-RELATED CHARGES DURING Q4 OF 2018.AUTONATION IMPLEMENTS RESTRUCTURING AND COST SAVINGS PLAN.IMPLEMENTS CORPORATE AND REGIONAL RESTRUCTURING AND COST SAVINGS PLAN EXPECTED TO REDUCE COSTS BY APPROXIMATELY $50 MILLION ANNUALLY.CONSOLIDATION OF REGIONAL STRUCTURE FROM THREE REGIONS TO TWO REGIONS..EXPECTS TO INCUR ADDITIONAL RESTRUCTURING-RELATED CHARGES IN Q1 OF 2019.Q1 RESTRUCTURING-RELATED CHARGES ARE CURRENTLY ESTIMATED TO BE LOWER THAN CHARGES INCURRED DURING Q4 OF 2018..QTRLY TOTAL RETAIL VEHICLE UNIT SALES 133,355 UNITS VERSUS 143,178 UNITS.QTRLY NEW RETAIL VEHICLE UNIT SALES 78,370 UNITS VERSUS 87,234 UNITS.
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Jan 7 (Reuters) - AutoNation Inc ::AUTONATION ANNOUNCES RESTRUCTURING AND COST SAVINGS PLAN.CORPORATE AND REGIONAL RESTRUCTURING AND SAVINGS PLAN EXPECTED TO REDUCE COSTS BY APPROXIMATELY $50 MILLION ANNUALLY.JAMES "JIM" BENDER NAMED EXECUTIVE VICE PRESIDENT OF SALES.AUTONATION- COMPANY ANNOUNCED THAT CHIEF OPERATING OFFICER, LANCE ISERMAN, AND CHIEF TECHNOLOGY OFFICER, TOM CONOPHY, WILL BE LEAVING COMPANY.REGIONAL STRUCTURE CONSOLIDATED FROM THREE REGIONS TO TWO REGIONS.
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Oct 30 (Reuters) - AutoNation Inc ::AUTONATION SAYS NO LONGER EXPECT FLAT Y-O-Y SG&A TO GROSS PROFIT FOR 2018 DUE TO HURRICANE MICHAEL, PRESSURE ON NEW VEHICLE MARGINS - CONF CALL.AUTONATION SAYS EXPECT TO CONTINUE GROWTH IN THE SUPPLY OF USED VEHICLES.AUTONATION SAYS CONTINUE TO EXPERIENCE SIGNIFICANT MARGIN PRESSURE AND WE EXPECT TO SEE CONTINUED PRESSURE FOR THE BALANCE OF THE YEAR.AUTONATION SAYS DO NOT CURRENTLY PLAN TO EXPAND AUTONATION USA IN 2019.
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Oct 30 (Reuters) - AutoNation Inc ::AUTONATION - QTRLY EPS FROM CONTINUING OPERATIONS $1.24.AUTONATION - QTRLY TOTAL REVENUE $5,349.2 MILLION VERSUS $5,432.4 MILLION.AUTONATION - INVESTS $50 MILLION IN ONLINE CAR RETAILER VROOM, REPRESENTING AN OWNERSHIP STAKE OF ABOUT 7 PERCENT.AUTONATION - QTRLY TOTAL RETAIL VEHICLE UNIT SALES 139,683 UNITS VERSUS 145,522 UNITS.Q3 EARNINGS PER SHARE VIEW $1.24, REVENUE VIEW $5.56 BILLION -- THOMSON REUTERS I/B/E/S.AUTONATION - QTRLY NEW RETAIL VEHICLE UNIT SALES 79,237 UNITS VERSUS 86,192 UNITS.AUTONATION - QTRLY SAME STORE TOTAL RETAIL VEHICLE UNIT SALES DOWN 2.6 PERCENT.AUTONATION - AS PART OF STEPS IN BRAND EXTENSIONS, CO INTRODUCED PRIVATE LABEL CREDIT CARD POWERED BY SYNCHRONY.AUTONATION - INCREASES FOCUS ON CUSTOMER CARE BRAND EXTENSION INITIATIVES, INCLUDING PRECISION PARTS, COLLISION CENTERS, COLLISION PARTS, AUTOGEAR.
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Aug 1 (Reuters) - AutoNation Inc ::AUTONATION - QTRLY EPS FROM CONTINUING OPERATIONS INCLUDED A NON-CASH FRANCHISE RIGHTS IMPAIRMENT CHARGE OF $0.07/SHARE.AUTONATION - QTRLY EPS FROM CONTINUING OPERATIONS $1.07; QTRLY TOTAL REVENUE $5.4 BILLION, UP 2 PERCENT.AUTONATION - QTRLY SAME-STORE REVENUE $5.3 BILLION, UP 4 PERCENT.AUTONATION - ANNOUNCED ACQUISITION OF SHELLY BMW IN SOUTHERN CALIFORNIA MARKET.AUTONATION - QTRLY RETAIL NEW VEHICLE UNIT SALES 79,054 UNITS VERSUS 79,892 UNITS.
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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.
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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.
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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.
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