AutoNation, Inc. (AN) has lowered its second-quarter 2024 quarterly earnings forecast following a cyberattack on software provider CDK Global on Jun 19, 2024. The auto retailer cut its guidance for earnings per share (EPS) by $1.50 to $3.15-$3.30 for the three months ending Jun 30. Despite the negative impact of the CDK outage on AutoNation's business and productivity, the incident is not expected to have a significant impact on the company's overall financial condition or operations. The company has regain ...

AutoNation disclosed Monday its bottom line for the second quarter will show a negative impact from CDK Global’s recent widespread software outage. The vehicle retailer forecasted that the June outage to the auto dealer software provider’s systems will drag on its earnings to the tune of about $1.50 per share in the second quarter, poising it to report an estimated earnings per share (EPS) of $3.15 to $3.30, according to a filing AutoNation submitted Monday to the Securities and Exchange Commission (SEC)."T ...

FORT LAUDERDALE, Fla., July 15, 2024 /PRNewswire/ -- AutoNation, Inc. (NYSE: AN), today announced that it will release its financial results for the second quarter ended June 30, 2024, on Wednesday, July 31, 2024, before the market opens.  AutoNation management will discuss these results and other information regarding the Company during a conference call and audio webcast that same day at 9:00 a.m. Eastern Time.The conference call may be accessed by telephone at 833-470-1428 (Conference ID: 522370) or on A ...

Key TakeawaysAutoNation lowered its second-quarter EPS guidance by about $1.50 per share.CDK Global, which provides software to car dealerships, was hit by a cyberattack in June.AutoNation said it has restored access to its dealer management system and core functions but that “certain ancillary systems” are still sidelined. AutoNation (AN) has cut its quarterly earnings guidance in the wake of a cyberattack on software provider CDK Global last month, the company said Monday in Securities and Exchange Commis ...

The impact of the hack on car dealership software firm CDK Global continues to reverberate.AutoNation, one of the largest dealership chains in the country, warned on Monday (July 15) that the cyberattack will impact its second quarter earnings by $1.50 per share. The company said in a Securities and Exchange Commission (SEC) filing that while some systems have been restored, it is still dealing with the fallout of the hack.“Certain ancillary systems and integrations, such as those that help automate orderin ...

FORT LAUDERDALE, Fla., July 11, 2024 /PRNewswire/ -- AutoNation, Inc. (NYSE: AN), a provider of personalized transportation services and America's most admired automotive retailer, today announced that its Board of Directors appointed Claire Bennett to the AutoNation Board, effective July 8, 2024. Ms. Bennett will serve as an independent director."We are pleased to have Claire join the AutoNation Board," said Rick Burdick, AutoNation's Board Chairman. "We look forward to the experience and insight she will ...

There are three main drivers of a stock’s return: growth, the change in price-to-earnings (P/E) multiple and capital return. While investors often focus on the growth angle, an upward rating in multiple can also be a significant return driver for bargain stocks.The following three bargain stocks have millionaire-maker potential. First, their forward P/E multiple reflects a 30% discount to the S&P 500’s valuation despite their solid growth prospects. If their P/E ratio matches the market’s multiple, these st ...

文章核心观点 1) 汽车零售和批发行业面临疲软前景,主要由于车辆销售增长放缓、高贷款利率和电动车销售增长低于预期等因素 [1][3][4][5] 2) 行业参与者通过收购、门店扩张和成本控制等举措,生成充足现金流,积极回馈股东 [7] 3) 行业整体盈利前景不佳,行业排名位于Zacks行业排名的底部11%,预计2024年行业整体盈利将下降约12.9% [8][9][10] 行业概况 1) 汽车行业的表现取决于其零售和批发网络,包括新旧车辆销售、零件销售、维修服务和融资安排等 [2] 2) 作为一个消费品行业,其表现受经济周期和消费者可支配收入的影响 [2] 3) 疫情使行业更加重视电商零售 [2] 关键行业趋势 1) 车辆融资成本上升,导致消费者购车意愿下降 [3][4] 2) 电动车销售增长低于预期,限制了整体销量 [5] 3) 库存上升导致激励措施增加,压缩了零售商利润空间 [6] 投资者友好举措 1) 行业参与者通过收购、门店扩张和成本控制等措施,生成充足现金流,积极回馈股东 [7] 行业估值 1) 行业整体估值水平低于大盘和行业平均水平 [12][13][14] 个股分析 1) Rush Enterprises是商用车解决方案的领先提供商,在北美拥有150多家门店,业绩表现良好 [15][16][17] 2) AutoNation是美国最大的汽车零售商之一,通过数字化转型和并购提升市场地位和收入 [17][18]

Companies frequently employ stock buybacks or share repurchase programs to bolster shareholder value. These initiatives involve firms purchasing their own outstanding shares. This effectively consolidates ownership and reallocates profits among fewer shares, potentially boosting earnings per share and shareholder returns. Such buybacks are often seen as a prudent use of extra cash, especially when a company's stock is undervalued. By resorting to share buybacks, companies signal confidence in their financia ...

AutoNation, Inc. (AN) reported first-quarter 2024 adjusted earnings of $4.49 per share, which decreased 25.7% year over year but topped the Zacks Consensus Estimate of $4.45. This outperformance can be primarily attributed to higher-than-expected gross profit from the sale of new vehicles and wholesale used vehicles. In the reported quarter, revenues amounted to $6.48 billion, falling short of the Zacks Consensus Estimate of $6.49 billion but increasing from $6.39 billion in the first quarter of 2023.Key Ta ...