AutoNation names new CEO as slowing auto sales hit results [Reuters]
AutoNation, Inc. (AN)
Last autonation, inc. earnings: 2/11 06:45 am
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Source: Reuters
AutoNation names new CEO as slowing auto sales hit results | Reuters 4 Min Read (Reuters) - AutoNation Inc said on Friday it has chosen insurance and financial services executive Carl Liebert to succeed longtime Chief Executive Officer Mike Jackson and lead the largest U.S. auto dealership chain at a challenging time, when the domestic vehicle market has been slowing. AutoNation reported lower-than-expected quarterly profit and revenue as it sold fewer new vehicles and gross profits on new vehicle sales declined. The company’s shares were down 3.9 percent in early afternoon trading. AutoNation’s profits have been under pressure as overall new vehicle sales have weakened. The company’s shares have fallen roughly 25 percent over the past year, and Jackson has launched restructuring actions to cut $50 million from annual costs. Liebert will take charge on March 11. He comes from USAA, where he was executive vice president for operations at the company, which provides insurance and financ
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News
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- Here's What Black Bear Value Partners Think About AutoNation (AN) [Yahoo! Finance]Yahoo! Finance
- AutoNation, Inc. (NYSE: AN) had its price target lowered by analysts at Bank of America Co. from $220.00 to $215.00. They now have a "buy" rating on the stock.MarketBeat
- AutoNation Announces First Quarter 2024 Earnings Conference Call and Audio Webcast Scheduled for Friday, April 26, 2024PR Newswire
- AutoNation's (NYSE:AN) five-year total shareholder returns outpace the underlying earnings growth [Yahoo! Finance]Yahoo! Finance
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