Tag: AutoNation Inc
Buoyed by Trump, U.S. dealers optimistic on everything except EV sales
Alex Tovstanovsky, owner of used-car dealer Prestige Motor Works, checks on inventory with his general manager Ryan Caton in Naperville, Illinois, May [...]
GM Q2 2024 auto sales: Best since 2020
Vehicles are offered for sale at a GM dealership on June 20, 2024 in Lincolnwood, Illinois. Scott Olson | Getty ImagesDETROIT – General Motors reporte [...]
GM EVs at Costco Auto help drive electric vehicle sales
Customers exit a Costco store in Teterboro, New Jersey, June 28, 2023.Kena Betancur | Corbis News | Getty ImagesDETROIT — General Motors has a not-so- [...]
Why investors have jumped off the Carvana bandwagon
Ernie Garcia, CEO, CarvanaScott Mlyn | CNBCDETROIT – Last year, Carvana CEO and cofounder Ernie Garcia went on a victory lap.He touted the company's " [...]
AutoNation, Lithia rally despite Wall Street’s ‘demand destruction’ theory
Vehicles are displayed for sale at an AutoNation car dealership on April 21, 2022 in Valencia, California.Mario Tama | Getty ImagesDETROIT – Shares of [...]
Meta Platforms, Teladoc, Credit Suisse
Check out the companies making headlines in midday trading Thursday.Meta Platforms — The Facebook parent slumped 22.4% after issuing weak guidance for [...]
CarMax’s earnings miss is a win for the Fed against inflation
CNBC's Jim Cramer on Thursday told investors that used car retailer CarMax's recent earnings shortfall is good news for the Federal Reserve's quest to [...]
How Carvana went from a Wall Street top pick to meme stock trading
Ernie Garcia, CEO, CarvanaScott Mlyn | CNBCCarvana CEO Ernie Garcia III regularly tells Wall Street that "the march continues" in the company's missio [...]
Jim Cramer says falling used car prices suggests inflation could be easing
CNBC's Jim Cramer on Thursday said that while headwinds facing the used car market make it un-investable, its declining performance is also an indicat [...]
Ford to address dealer concerns about separating its EV and legacy businesses
Ford CEO Jim Farley poses with the Ford F-150 Lightning pickup truck in Dearborn, Michigan, May 19, 2021.Rebecca Cook | ReutersFord Motor dealer Marc [...]
How some small businesses have survived the Covid pandemic without them
The storefront of Mark Shriner's small business, The Coffee House, in downtown Lincoln, Nebraska.Courtesy: Mark ShrinerMark Shriner needed help. It wa [...]
AutoNation shares hit new all-time high after reporting record quarterly earnings
AutoNation's stock reached a new all-time record of more than $130 a share Thursday after the nation's largest seller of new cars reported its sixt [...]
AutoNation, Cal-Maine Meals, Tractor Provide and extra
Try the businesses making headlines earlier than the bell:AutoNation (AN) – The auto retailer reported quarterly earnings of $4.83 per share, effec [...]
Covid-19 crippled U.S. auto gross sales in 2020 but it surely might have been worse
A automotive vendor reveals a car to prospects at a dealership in Jersey Metropolis, New Jersey.Angus Mordant | Bloomberg | Getty PhotosGross sales [...]
Covid-related stock crunch has been ‘neatest thing’
The auto business has skilled the coronavirus pandemic in two distinct chapters. Early on, it devastated gross sales and shuttered factories. Then, [...]