Investment Bank Updates Rating for Au
Investing.com - AutoNation (NYSE:AN) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations. AutoNation announced...
By Joseph White and Kannaki Deka (Reuters) -Top U.S. auto retailer AutoNation Inc (NYSE:AN) on Thursday missed Wall Street estimates for second-quarter revenue, hit by a steep...
As earnings season begins in earnest, the market heard from two companies that benefited from the surge in used car demand in 2021. Carvana Co (NYSE:CVNA) and AutoNation (NYSE:AN)...
Wall Street has been paying attention to the “reflation trade,” a term that has been used somewhat loosely in 2021. Reflation policies typically follow a period of...
AutoNation, Inc., through its subsidiaries, is an automotive retailer in the United States. The Company operates through three segments: Domestic, Import and Premium Luxury. Its Domestic segment consists of retail automotive franchises that sell new vehicles manufactured by General Motors, Ford, and Stellantis. Its Import segment consists of retail automotive franchises that sell new vehicles manufactured primarily by Toyota, Honda, Subaru, and Nissan. Its Premium Luxury segment consists of retail automotive franchises that sell new vehicles manufactured primarily by Mercedes-Benz, BMW, Audi, Lexus, and Jaguar Land Rover. The franchises in each segment also sell used vehicles, parts and automotive repair and maintenance services, and automotive finance and insurance products. It owns and operates approximately 339 new vehicle franchises from 247 stores located in the United States, primarily in metropolitan markets in the Sunbelt region.