Exhibit 99.1 Investor Contact: Derek Fiebig (954) 769-2227 fiebigd@autonation.com Media Contact: Lisa Rhodes Ryans (954) 769-4120 publicrelations@autonation.com AutoNation Reports Second Quarter 2024 Results • Q2 2024 EPS $3.20, adjusted EPS $3.99 • After-Sales gross profit margin improved by 60 basis points from Q2 2023 (to 48.0%) and improving recent trends in vehicle unit profitability • Strong free cash flow conversion • Continued focus on capital allocation - YTD share repurchases $350 million • Operat ...

Pgiam/iStock via Getty Images Investment Thesis AutoNation, Inc. (NYSE: NYSE:AN) is a leading player in the US automotive retail industry, with a broad operational footprint encompassing new and used vehicle sales, parts and service operations, and automotive finance and insurance products. The company’s extensive dealership network, brand recognition, and in my opinion, excellent capital budgeting, position it well to capitalize on market opportunities and drive long-term value creation. AN operates 34 ...

AutoNation, Inc. (AN) has lowered its second-quarter 2024 quarterly earnings forecast following a cyberattack on software provider CDK Global on Jun 19, 2024. The auto retailer cut its guidance for earnings per share (EPS) by $1.50 to $3.15-$3.30 for the three months ending Jun 30. Despite the negative impact of the CDK outage on AutoNation's business and productivity, the incident is not expected to have a significant impact on the company's overall financial condition or operations. The company has regain ...

AutoNation disclosed Monday its bottom line for the second quarter will show a negative impact from CDK Global’s recent widespread software outage. The vehicle retailer forecasted that the June outage to the auto dealer software provider’s systems will drag on its earnings to the tune of about $1.50 per share in the second quarter, poising it to report an estimated earnings per share (EPS) of $3.15 to $3.30, according to a filing AutoNation submitted Monday to the Securities and Exchange Commission (SEC)."T ...

FORT LAUDERDALE, Fla., July 15, 2024 /PRNewswire/ -- AutoNation, Inc. (NYSE: AN), today announced that it will release its financial results for the second quarter ended June 30, 2024, on Wednesday, July 31, 2024, before the market opens.  AutoNation management will discuss these results and other information regarding the Company during a conference call and audio webcast that same day at 9:00 a.m. Eastern Time.The conference call may be accessed by telephone at 833-470-1428 (Conference ID: 522370) or on A ...

Key TakeawaysAutoNation lowered its second-quarter EPS guidance by about $1.50 per share.CDK Global, which provides software to car dealerships, was hit by a cyberattack in June.AutoNation said it has restored access to its dealer management system and core functions but that “certain ancillary systems” are still sidelined. AutoNation (AN) has cut its quarterly earnings guidance in the wake of a cyberattack on software provider CDK Global last month, the company said Monday in Securities and Exchange Commis ...

The impact of the hack on car dealership software firm CDK Global continues to reverberate.AutoNation, one of the largest dealership chains in the country, warned on Monday (July 15) that the cyberattack will impact its second quarter earnings by $1.50 per share. The company said in a Securities and Exchange Commission (SEC) filing that while some systems have been restored, it is still dealing with the fallout of the hack.“Certain ancillary systems and integrations, such as those that help automate orderin ...

FORT LAUDERDALE, Fla., July 11, 2024 /PRNewswire/ -- AutoNation, Inc. (NYSE: AN), a provider of personalized transportation services and America's most admired automotive retailer, today announced that its Board of Directors appointed Claire Bennett to the AutoNation Board, effective July 8, 2024. Ms. Bennett will serve as an independent director."We are pleased to have Claire join the AutoNation Board," said Rick Burdick, AutoNation's Board Chairman. "We look forward to the experience and insight she will ...

There are three main drivers of a stock’s return: growth, the change in price-to-earnings (P/E) multiple and capital return. While investors often focus on the growth angle, an upward rating in multiple can also be a significant return driver for bargain stocks.The following three bargain stocks have millionaire-maker potential. First, their forward P/E multiple reflects a 30% discount to the S&P 500’s valuation despite their solid growth prospects. If their P/E ratio matches the market’s multiple, these st ...

The Zacks Auto Retail and Wholesale industry faces a subdued outlook due to concerns over slowing vehicle sales growth, as much of the pent-up demand was absorbed in 2023. High auto loan rates are likely to cause prospective buyers to delay purchases. Although attractive incentives provide some relief to consumers, they could impact retailers' profit margins. Additionally, slower-than-expected adoption of electric vehicles (EVs) is expected to constrain sales further. Amid these intricate industry dynamics, ...