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Mike Jackson, Chairman and Chief Executive Officer, said, "We delivered solid double-digit growth in operating income in the second quarter, which was driven by strong new and used vehicle gross profit. This quarter we once again
AutoNation (NYSE:AN) reported Q2 EPS of $0.49, ex-items, ahead of consensus estimates of $0.46 per share. Revenues for the quarter rose 7.5% year-over-year to $3.34 billion, missing consensus estimates of $3.37 billion.
Mike Jackson, Chairman and CEO, said, "We delivered solid double-digit growth in the first quarter, which was driven by both new and used vehicle unit sales and revenue.
AutoNation (NYSE:AN) reported Q1 EPS of $0.46, beating the consensus estimate for $0.43 per share. Revenues for the quarter were up 17% year-over-year to $3.3 billion, in-line with the consensus estimate.
The company joined a growing number of companies in noting, however, that it expects a parts shortage from Japan will significantly affect the auto industry well into the year.
Chairman and CEO Mike Jackson said, "We expect production disruptions will significantly impact product availability from Japanese auto manufacturers in the second and third quarters of 2011.
AutoNation Inc (NYSE:AN) posted year-over-year unit sales growth of 19% for the month of March, selling 22,246 cars. For the quarter, the company posted 23% year-over-year growth, selling 54,190 cars.
AutoNation (NYSE:AN) reported February sales of new vehicles were up 29% year-over-year to about 17,000. Those numbers include a 40% increase in the sale of domestic vehicles, a 35% increase in imported vehicles, and a 1% decline
The firm made the move due to valuation."
"Shares of Autonation (AN) are down in pre-market trading as the company is reportedly downgraded to Hold from Buy at Gabelli.
Mike Jackson, Chairman and Chief Executive Officer, said, "We are pleased to have delivered our highest ever annual and quarterly adjusted EPS from continuing operations while driving growth in all operating lines of business.
AutoNation (NYSE:AN) reported Q4 EPS of $0.45, ahead of consensus estimates of $0.35 per share. Revenues for the quarter rose 16% year-over-year to $3.25 billion, topping consensus estimates of $3.09 billion.
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From FNNO.com, this is the Financial News Network. I’m Cleo
Stiller-Farrell and this is your Midweek Market Wrap Up. The British
Bankers’ Association, which has the supervisory role of setting the
influential Libor rates, announced that it would be willing to give up
its...
The Wall Street Journal reports that home prices showed their best year-to-date gains since 2005, up 5.9% through July, signaling the housing market's steady march toward recovery. Also from the Wall Street Journal, IBM (IBM) will increase its efforts to sell so-called cloud computing services...
CEO Marissa Mayer is bringing in some more new blood to Yahoo!, tapping Ken Goldman as the company's new Chief Financial Officer. Goldman's appointment will take effect on October 22nd.
Goldman served as CFO at his most recent employer, Fortinet, having worked at Siebel Systems, Sybase,...
