AutoNation, Inc. (AN)
AutoNation, Inc. (AN) is one of the largest automotive retailers in the United States, operating a network of new and used car dealerships, service centers, and collision repair facilities. Founded in 1996, it offers a wide range of automotive brands and provides vehicle sales, financing, parts, and maintenance services. AutoNation focuses on delivering a comprehensive automotive purchasing and ownership experience through its extensive retail footprint.
Company News
AutoNation reported strong Q2 2025 results with adjusted EPS of $5.46, beating analyst expectations. Revenue grew 8% to $7.0 billion, driven by After-Sales and Customer Financial Services, despite a 34% drop in GAAP net income due to non-cash impairment charges.
US stock futures are trading higher on Friday as Treasury yields ease and investors await economic data. The Nasdaq and S&P 500 are set to open in the green, though the major indices are on track for weekly losses after a six-week rally.
Gabelli Funds will host its 48th Annual Automotive Symposium on November 4th and 5th, 2024 in Las Vegas. The two-day event will feature presentations by senior management of leading automotive and trucking companies, providing investors with insights into the ever-changing dynamics within the automotive industry.
Autonation executive Edward S. Lampert sold over $21 million worth of company stock, reducing his stake to 3.9 million shares. The sales were made at prices ranging from $172 to $182 per share.
CDK cyberattack results in operational chaos in the auto retail industry, forcing dealerships into manual mode and sparking industry-wide cybersecurity reassessments.
