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, ...

Companies frequently employ stock buybacks or share repurchase programs to bolster shareholder value. These initiatives involve firms purchasing their own outstanding shares. This effectively consolidates ownership and reallocates profits among fewer shares, potentially boosting earnings per share and shareholder returns. Such buybacks are often seen as a prudent use of extra cash, especially when a company's stock is undervalued. By resorting to share buybacks, companies signal confidence in their financia ...

AutoNation, Inc. (AN) reported first-quarter 2024 adjusted earnings of $4.49 per share, which decreased 25.7% year over year but topped the Zacks Consensus Estimate of $4.45. This outperformance can be primarily attributed to higher-than-expected gross profit from the sale of new vehicles and wholesale used vehicles. In the reported quarter, revenues amounted to $6.48 billion, falling short of the Zacks Consensus Estimate of $6.49 billion but increasing from $6.39 billion in the first quarter of 2023.Key Ta ...

(Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 For the quarterly period ended March 31, 2024 FORM 10-Q or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-13107 AUTONATION, INC. (Exact name of registrant as specified in its charter) Delaware 73-1105145 (State or other jurisdiction of ...

AutoNation, Inc. (NYSE:AN) Q1 2024 Earnings Conference Call April 26, 2024 9:00 AM ET Company Participants Derek Fiebig - Vice President of Investor Relations Michael Manley - Chief Executive Officer Thomas Szlosek - Chief Financial Officer Conference Call Participants John Murphy - Bank of America Rajat Gupta - JPMorgan Bret Jordan - Jefferies Douglas Dutton - Evercore Colin Langan - Wells Fargo Operator Welcome to the AutoNation First Quarter 2024 Conference Call. My name is Carla, and I will be coordinat ...

AutoNation (AN) reported $6.49 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 1.4%. EPS of $4.49 for the same period compares to $6.05 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $6.5 billion, representing a surprise of -0.15%. The company delivered an EPS surprise of +0.90%, with the consensus EPS estimate being $4.45.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ex ...

First Quarter 2024 Earnings Release April 26, 2024 ...

Exhibit 99.1 Investor Contact: Derek Fiebig (954) 769-2227 fiebigd@autonation.com • Revenue - totaled $6.5 billion, up $87 million compared to the year-ago period, as continued growth in After-Sales and increased New Vehicle revenue more than offset lower Used Vehicle revenue. ◦ New Vehicle Revenue – increased $47 million or 2% to $3.0 billion. ◦ Used Vehicle Revenue – decreased $37 million or 2% to $2.0 billion. ◦ After-Sales Revenue – increased $83 million or 8% to $1.2 billion. Media Contact: Lisa Rhodes ...