USX:AN - AutoNation Inc AutoNation Inc
Sector: Consumer Discretionary, Industry: Automotive Retail
Next Earnings: 19 Jul 2024
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USD 169.88    +9.5 (+5.92%)

26 Apr 2024


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General

CEO: Mr. Michael M. Manley

IPO: 1992-03-03

Headquarters: US

Employees: 25,300

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Description

AutoNation is the second largest automotive dealer in the United States, with 2023 revenue of about $27 billion and over 250 dealerships, plus 53 collision centers. The firm also has 19 AutoNation USA used-vehicle stores, a captive lender, four auction sites, and three parts distributors all across 21 states primarily in Sunbelt metropolitan areas. New-vehicle sales account for nearly half of revenue; the company also sells used vehicles, parts, and repair services as well as auto financing. The company (formerly Republic Industries) spun off its waste management unit (Republic Services) in 1999 and its car rental businesses (ANC Rental) in 2000. Wayne Huizenga founded the company in the 1990s to bring the rollup acquisition strategy to auto retailing, which has proved to be a smart move.

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