$AN (AutoNation, Inc.)

$AN {{ '2016-04-22T11:33:18+0000' | timeago}} • Announcement

$AN's CEO Mike Jackson said industry retail sales for 1Q16 were flat despite YoverY manufacturer incentive increases of 14%, new vehicle sales lease penetration over 30%, and high retail inventories. The company still expects the industry to be above 17MM units for the year, Jackson added.

$AN {{ '2017-08-29T21:52:16+0000' | timeago}} • Announcement

$AN's BoD has authorized the repurchase of up to an additional $250MM of the company’s common stock. $AN now has approx. $270MM total Board authorization remaining for share repurchases as of August 29, 2017. $AN has approx. 95MM shares outstanding as of August 28, 2017.

$AN {{ '2017-05-31T21:33:54+0000' | timeago}} • Announcement

$AN said AutoNation Western Region President, Lance Iserman has been named EVP of Sales and COO, effective June 1, 2017. Also, $AN appointed Steve Kwak as Western Region President.

$AN {{ '2017-05-15T20:47:40+0000' | timeago}} • Announcement

$AN said that Bill Berman has resigned as President and COO effective May 15, 2017. Bill will continue to serve as an employee of the company in an advisory capacity through June 30, 2017. Mike Jackson, $AN's Chairman and CEO, will assume all operating responsibilities as the company begins the selection process for a new President and COO.

$AN {{ '2017-04-25T12:32:11+0000' | timeago}} • Announcement

In 1Q17, $AN's Domestic segment income was down 21% to $61MM and that from Import segment declined 6% to $72MM. Meanwhile income from Premium Luxury segment decreased 3% to $81MM.

$AN {{ '2017-04-25T12:27:10+0000' | timeago}} • Announcement

$AN CEO Mike Jackson said, "During 1Q17, we saw increasing used unit volumes as we focused on our One Price strategy, which is now fully rolled out at all $AN stores. We expect to see a sequential increase in 2Q17 in both used unit volumes and gross profit per vehicle retailed."

$AN {{ '2017-04-25T12:24:27+0000' | timeago}} • Announcement

Automotive retailer $AN said increasing used unit volumes helped it notch a 0.3% growth in total revenue to $5.13Bil in 1Q17. Net income was up at $98.1MM, or $0.97 per share, from $95.9MM, or $0.89 per share in 1Q16.

$AN {{ '2017-04-19T22:10:25+0000' | timeago}} • Announcement

$AN appoints C.Coleman Edmunds as the Executive Vice President, General Counsel and Coroporate Secretary, effective April 19. In this new role, Coleman will report directly to Mike Jackson the CEO.

$AN {{ '2017-03-08T13:05:43+0000' | timeago}} • Announcement

$AN announced that Jon Ferrando, executive VP of general counsel, corporate development and HR, will be retiring from the company on March 31, 2017. Coleman Edmunds, the current SVP and deputy general counsel, will serve as acting general counsel and corporate secretary effective April 1, 2017.

$AN {{ '2017-02-03T16:09:45+0000' | timeago}} • Webcast

$AN stated that the new vehicle pressure on gross profit per unit is coming from all segments, Import, Domestic and Premium Luxury. There is more pressure on the car side of the business compared to the small truck SUV side but it is broken out evenly across the board.

$AN {{ '2017-02-03T15:45:55+0000' | timeago}} • Webcast

$AN said in terms of regional performance, the company is seeing strength on the West Coast. Florida has weakened slightly and the company is still facing some challenges in Texas.

$AN {{ '2017-02-03T15:24:35+0000' | timeago}} • Webcast

In 4Q16, $AN’s customer care revenue was $765MM, up 2%. Customer care gross profit was $332MM, an increase of 2%. Customer financial services gross profit was $1,569 on a per vehicle retail basis. Total gross profit for customer financial services was $205MM, down 2% compared to a year ago.

$AN {{ '2017-02-03T15:17:31+0000' | timeago}} • Webcast

For 4Q16, on a same store basis, $AN’s gross profit for variable operations was $422MM, down 7%. Variable growth was $3,269 on a per vehicle retail basis, a decrease of 4%. New and used same store unit volume was down 3% compared to 4Q15. New vehicle revenue was $3Bil, down 2%.

$AN {{ '2017-02-03T15:12:41+0000' | timeago}} • Webcast

In 4Q16, $AN’s total revenue increased 3% from last year. Total gross profit was $809MM, which was relatively flat compared to $812MM in the prior-year period. Operating income was $237MM compared to $200MM last year, up 18%. Retail new vehicle unit sales decreased 1% overall, or 4% on a same-store basis.

$AN {{ '2017-02-03T13:50:09+0000' | timeago}} • Infographic

$AN AutoNation Earnings AlphaGraphics: Q4 2016 Highlights

$AN {{ '2017-02-03T13:21:20+0000' | timeago}} • Announcement

During 4Q16, revenue in $AN’s Domestic segment grew to $1.9Bil versus $1.7Bil in 4Q15. In the Import segment, revenues declined to $1.6Bil from $1.7Bil last year. In the Premium Luxury segment, revenue declined to $1.7Bil from $1.8Bil last year.

$AN {{ '2017-02-03T13:13:32+0000' | timeago}} • Announcement

Automotive retailer $AN reported an increase in 4Q16 earnings. Net income was $115.3MM or $1.14 per share compared to $97.5MM or $0.87 per share in 4Q15. Revenue totaled $5.5Bil compared to $5.3Bil in the year-ago period.

$AN {{ '2017-02-01T20:13:48+0000' | timeago}} • Announcement

$AN appointed William Berman, EVP and COO, as President and COO, effective Feb. 1, 2017. Mike Jackson will continue as Chairman and CEO of $AN. $AN promoted both Marc Cannon and Donna Parlapiano to EVPs, effective Feb. 1, 2017.

$TSN {{ '2016-12-16T18:35:43+0000' | timeago}} • Announcement

$TSN said it named Cheryl S. Miller, EVP and CFO of $AN to its board, effective Dec. 14, 2016, increasing independent directors count to 9 and board size to 12 members.

$AN {{ '2016-10-28T17:32:08+0000' | timeago}} • Webcast

$AN believes that the the company will get immediate benefits from the brand building initiatives, including launching of AutNation USA stores and acquiring collision centers. $AN expects profitability from AutoNation USA stores in the second year of their operations.

$AN {{ '2016-10-28T17:06:41+0000' | timeago}} • Webcast

Looking ahead, $AN said that 2017 will be similar to 2016 with more movement towards trucks. Demand for trucks is above 60% in the market. Commenting on the One Price initiative, $AN stated that it does not expect any change from One Price initiative on volume or pricing.

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