Insider Trading : Mon 6/12/23

Notable purchases -- President/CEO adds to CC; notable sales -- 10% owner active in AN

Buyers:

• AAP Directors (3) bought 10,685 shares at $65.94 - $65.63 worth ~$701K.
• CC President and CEO bought 7,661 shares at ~$32.6299 worth ~$250K.
• NVRO Director bought 7,500 shares at $22.8500 - $22.8896 worth ~$172K.
• PACK Director bought 100,000 shares at $4.00 - $4.37 worth ~$420K.
• PMTS Director bought 7,500 shares at $23.30 - $24.49 worth ~$179K.

Sellers:

• AN 10% owner Eddie Lampert sold 50,000 shares at ~$145.1906 worth ~$7.3 mln.

Insider Trading : Fri 6/2/23

Notable purchases -- Execs add to ZD; notable sales -- President/CEO active in LSTR

Buyers:

• BIG President & CEO bought 51,000 shares at $4.853 worth ~$248K.
• BOH Director bought 6,500 shares at $39.76 - $40.97 worth ~$259K.
• CLDT Director bought 8,800 shares at $18.95 worth ~$167K.
• DHC Director bought 3154,641 shares at $1.16 - $1.50 worth ~$4.3 mln.
• EIG President & CEO bought 6,880 shares at $36.46 worth ~$251K.
• EVBG Director bought 20,000 shares at $23.1521 - $23.3251 worth ~$465K.
• GO Director bought 70,000 shares at $27.99 - $29.00 worth ~$2.0 mln.
• HBAN Director bought 23,680 shares at $10.56 - $10.57 worth ~$250K.
• SLNO 10% owner Perceptive Advisors bought 35,000 shares at $5.00 - $5.80 worth ~$188K.
• TCBI Director bought 5,000 shares at $46.60 - $48.90 worth ~$238K.
• ZD Chief Executive Officer, Chief Financial Officer, and EVP/General Counsel bought 13000 shares at $58.45 - $59.14 worth ~$765K.

Sellers:

• AN 10% owner Eddie Lampert sold 55,914 shares at ~$140.756 worth ~$7.9 mln.
• DXPE Chief Marketing & Technology Officer and Sr. Vice President sold a total of 19,000 shares at ~$32.37 worth ~$615K.
• LSTR President & CEO sold 22,500 shares at $175.10 - $176.84 worth ~$4.0 mln.
• MCD EVP - Global CMO sold 2,000 shares at $285.03 - $285.10 worth ~$570K.

-=AutoNation (AN) reported earnings on Wed 21 Oct 2020 (b/o)

 

AutoNation beats by $0.73, beats on revs, increases share repurchase authorization to $500 mln

Reports Q3 (Sep) earnings of $2.38 per share, $0.73 better than the S&P Capital IQ Consensus of $1.65; revenues fell 1.0% year/year to $5.41 bln vs the $5.19 bln S&P Capital IQ Consensus.

Same-store new vehicle gross profit per vehicle retailed was $2,535, up $914 or 56% compared to the year-ago period.

Same-store used vehicle gross profit per vehicle retailed was $1,994, up $602 or 43% compared to the year-ago period.

Same-store gross profit totaled $972 million, an increase of 11% compared to the year-ago period.

Plans to build over 100 AutoNation USA pre-owned vehicle stores, with over 50 completed by the end of 2025.

Share Repurchase: AN increases the outstanding share repurchase authorization to an aggregate of $500 mln. As of October 19, 2020, AutoNation had approximately 87.9 million shares outstanding.

-=AutoNation (AN) reported earnings on Tue 30 Oct 2018 (b/o)

Oct 30 (Reuters) - AutoNation Inc reported a 15 percent jump in quarterly profit on Tuesday, as higher demand for used vehicles helped the largest U.S. auto retail chain offset declines in new vehicle sales.

The company said revenue from used vehicle sales rose 4.3 percent to $1.3 billion in the third quarter ended Sept. 30, while gross profit in the business increased 6.2 percent to $91 million.

Revenue from per used vehicle sold by AutoNation rose 3.3 percent to $20,044 and gross profit per vehicle was up 2.3 percent at $1,446.

The company, which also announced an investment of $50 million in online car retailer Vroom Inc, said revenue from new vehicle sales fell 5.6 percent to $2.93 billion in the quarter and gross profit was down 13.4 percent at $125.4 million.

AutoNation's net income from continuing operations rose to $112.3 million, or $1.24 per share, from $97.6 million, or $1 per share, a year earlier.

Total revenue fell 1.5 percent to $5.35 billion.

-=AutoNation (AN) reported earnings on Thur 2 Nov 2017 (b/o)

AutoNation beats by $0.16, misses on revs 

• Reports Q3 (Sep) earnings of $1.00 per share, $0.16 better than the Capital IQ Consensus of $0.84; revenues fell 2.4% year/year to $5.43 bln vs the $5.58 bln Capital IQ Consensus.
• Same store sales were up 2% y/y 
• Retail vehicle unit sales up 1% y/y
• Third Quarter 2017 Segment Results
  
  • Domestic segment income was $69  mln (-18% y/y) 
  • Import segment income was $81 mln (+2% y/y) 
  • Premium Luxury segment income was $79 mln (-3% y/y) 

=AutoNation (AN) reported earnings on Fri 28 Oct 2016 (b/o)

AutoNation misses by $0.10, reports revs in-line; negatively impacted by Takata airbag recall, manufacturer incentives; authorizes additional $250 mln buyback  :

• Reports Q3 (Sep) earnings of $1.05 per share, $0.10 worse than the Capital IQ Consensus of $1.15; revenues rose 4.0% year/year to $5.57 bln vs the $5.61 bln Capital IQ Consensus.
• The Company estimates that the Takata airbag recall negatively impacted third quarter 2016 net income from continuing operations by approximately $6 million after-tax, or $0.06 per share. At the end of the third quarter, approximately 14% of AutoNation's used vehicle inventory was on hold due to the Takata airbag recall.
• Board of Directors has authorized the repurchase of up to an additional $250 million of AutoNation's common stock.
• "Certain manufacturers continued disruptive marketing and sales incentives, which resulted in multi-tier pricing and were unfair for consumers as well as retailers. In the third quarter, these incentives had a significant negative impact on new vehicle volume and gross profit per new vehicle retailed."

AutoNation (AN) reported earnings on Fri 22 Apr 16 (b/o)

** charts after earnings **

 

AutoNation reports Q1 (Mar) results, misses on revs :

• Reports Q1 (Mar) earnings of $0.93 per share, may not be comparable to the Capital IQ Consensus of $0.93; revenues rose 3.5% year/year to $5.12 bln vs the $5.3 bln Capital IQ Consensus.
• Net income from continuing operations for Q1 was negatively impacted by approximately $6.8 million after-tax, or $0.06 per share, consisting of hail-related expenses ($0.03) and a shift of approximately ($0.03), in stock-based compensation expense into the first quarter, due to a change from quarterly to annual stock option grants. We have excluded the hail expense and included the SBC, which may not be comparable to the Capital IQ consensus.