UBS Cuts Price Target and Estimates on AutoNation (AN) Following 3Q
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AutoNation Reports Third Quarter 2016 Results
October 28, 2016 8:00 AM EDTFORT LAUDERDALE, Fla., Oct. 28, 2016 /PRNewswire/ -- AutoNation, Inc. (NYSE: AN), America's largest automotive retailer, today reported third quarter 2016 net income from continuing operations of $108 million, or $1.05 per share, compared to net income from continuing operations of $119 million, or $1.05 per share, for the same period in the prior year. The Company estimates that the Takata airbag recall negatively impacted third quarter 2016 net income from continuing operations by approximately $6 million after-tax, or $0.06 per share.(1) At the end of the third quarter, approximately 14% of AutoNation's used vehicle inventory was on hold due to... More
AutoNation Launches AutoNation USA and Comprehensive Brand Extension Strategy
October 28, 2016 7:45 AM EDTFORT LAUDERDALE, Fla., Oct. 28, 2016 /PRNewswire/ -- AutoNation, Inc. (NYSE: AN), America's largest automotive retailer, today announced the next phase of the Company's comprehensive brand extension rollout, which includes: AutoNation USA® standalone pre-owned vehicle sales and service centers, AutoNation branded parts and accessories, the expansion of AutoNation branded standalone collision centers, and the expansion of AutoNation Auto Auctions.
In 2013, the Company... More
