AutoNation Inc. has acquired Jerry’s Toyota from Jerry’s Automotive Group in Baltimore, renaming the store AutoNation Toyota White Marsh. The dealership generates approximately $123 million in annual revenue and sells about 2,600 new and used vehicles annually, according to AutoNation. The acquisition gives AutoNation its 20th Toyota store nationwide and its first Toyota dealership in […]
AutoNation Reports CDK Cyberattack Will Negatively Impact Earnings by $1.50 per Share
In an SEC filing today, AutoNation (NYSE: AN) announced that it estimated its earnings per share to be reduced by approximately $1.50 per share due to the result of the CDK Global cyberattack affecting dealer management systems. “As a result of the incident’s impacts, we currently estimate earnings per share for the quarter ended June […]
Jeff Parent Named Chief Operating Officer at AutoNation
AutoNation, Inc. (NYSE: AN) announced the appointment of Jeff Parent as its new Chief Operating Officer (COO). With extensive experience in senior executive roles spanning sales, supply chain management, and business strategy, Parent brings a wealth of expertise to lead the company’s operational and strategic initiatives. Parent’s start date is expected to be October 16, […]
AutoNation Acquires RepairSmith Mobile Repair Business for $190 Million
AutoNation, Inc. (NYSE:AN) announced it has entered into an agreement to acquire RepairSmith, a full-service mobile solution for automotive repair and maintenance, headquartered in Los Angeles, Calif. with a significant operational footprint in the southern and western United States. The transaction, pursuant to which AutoNation will acquire RepairSmith for $190 million, is expected to close […]
AutoNation Announces Executive Team Appointments
AutoNation, Inc. (NYSE: AN) announced that the Company is expanding its Executive Team. Dave Koehler, who currently serves as the Eastern Region President, will be Chief Operating Officer, Non-Franchised Business. Koehler will oversee AutoNation USA, AutoNation Auto Auctions, and the AutoNation Collision business. Steve Kwak, who currently serves as the Western Region President and AutoNation […]
Caliber Acquires 17 Collision Repair Centers from AutoNation
Dealer group will continue to own and operate 55 collision repair centers following transaction. In a regulatory filing yesterday, AutoNation, Inc. announced that on October 12 it entered into a agreement with Caliber Holdings LLC to transfer ownership of up to 17 of its collision repair centers to Caliber. The company also entered into a […]
AutoNation to Discontinue Aftermarket Collision Repair Parts Business
Sales of non-OEM collision parts represented less than 1% of parts and service gross profit in first half of year. AutoNation, Inc. (NYSE: AN) announced it will close its aftermarket collision parts business, referred to as AutoNation Collision Parts (ACP) by the end of 2020. The ACP business represented less than 1% of AutoNation’s Parts […]
Mike Jackson to Resume Role as CEO of AutoNation
Board approves new contract for Jackson to continue as Chairman and Chief Executive Officer April 2022. AutoNation, Inc. (NYSE:AN) announced that the company and its Board of Directors have entered into a contract with Mike Jackson as Chairman and Chief Executive Officer, through April 12, 2022. It is the intent of the company to name […]
Cheryl Miller Named Chief Executive Officer and President at AutoNation
Jim Bender Named Chief Operating Officer AutoNation, Inc. (NYSE: AN) announced that Cheryl Miller, AutoNation’s Chief Financial Officer, has been appointed Chief Executive Officer and President, effective yesterday, replacing Carl Liebert who had assumed the position earlier this year from USAA. Liebert and the Board of Directors of AutoNation mutually agreed that he would leave […]
AutoNation Launches National Campaign to Recruit Skilled Service and Collision Repair Technicians
AutoNation, Inc. (NYSE:AN), the automotive retailer with more than 325 locations announced the company plans to recruit and hire more than 500 service technicians to fill positions in its service and collision repair centers. “There is a tremendous career path for automotive service technicians as the rapid pace of advancements in vehicle technology continues,” said […]