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CORRECT:WSJ:AutoNation CEO Says GM To Get Sales Boost From AmeriCredit

("WSJ:AutoNation CEO Says GM To Get Sales Boost From AmeriCredit," published at 10:27 a.m. EDT, incorrectly reported AutoNation's earnings per share. A corrected version follows.) By Neal E. Boudette Of THE WALL STREET JOURNAL The chief executive of AutoNation Inc. (AN) said on Thursday he expects General Motors Co. (GM) to get a lift in U.S. vehicle sales as a result of the auto maker's acquisition of lending company AmeriCredit. "It will absolutely boost their [new-vehicle] sales," CEO Michael J. Jackson said in an interview. AutoNation is the country's largest chain of auto dealerships and operates 51 stores selling GM vehicles. "It gives me a lot of confidence around GM." The AmeriCredit deal, he added, "is going to make at least a 10% to 15% difference in [GM sales] volume. GM is losing customers even today because of lack of credit among sub-prime customers." (This story and related background material will be available on The Wall Street Journal Web site, WSJ.com.) Earlier on Thursday, AutoNation reported net income up 29% at $47.2 million, while earnings per share jumped 38% to 29 cents a share. The Ft. Lauderdale, Fla., company purchased 20.9 million of its own shares during the second quarter, and allocated $250 million for additional share purchases.

Stock News for Autonation (AN)
DateTimeHeadline
03/25/201507:30:00AutoNation Announces First Quarter 2015 Earnings Conference Call...
03/23/201517:30:49Amended Statement of Beneficial Ownership (3/a)
03/22/201512:13:02Is This Warren Buffett's Next Cinderella Story?
03/20/201509:05:00Porsche Plano - Celebrates State-of-the-Art Facility
03/19/201508:40:00Lexus of Cerritos - Celebrates State-of-the-Art Facility
03/18/201509:31:00Porsche Bellevue - Celebrates State-of-the-Art Facility
03/17/201509:41:00Audi Plano - Celebrates State-of-the-Art Facility
03/16/201517:14:25Current Report Filing (8-k)
03/12/201517:21:52Current Report Filing (8-k)
03/09/201515:47:42Avis Budget Group Expands Consumer Car Sales Program to Maryland...
03/07/201511:25:21Penske Automotive Group: Cash On Cheap Euro And Commercial Vehicles
03/04/201518:20:45Statement of Changes in Beneficial Ownership (4)
03/04/201518:18:15Statement of Changes in Beneficial Ownership (4)
03/04/201517:49:06Statement of Changes in Beneficial Ownership (4)
03/04/201517:47:14Statement of Changes in Beneficial Ownership (4)
03/04/201517:44:00Statement of Changes in Beneficial Ownership (4)
03/04/201517:42:37Statement of Changes in Beneficial Ownership (4)
03/04/201507:18:32Current Report Filing (8-k)
03/04/201507:16:00AutoNation reports strong sales growth in February
03/04/201507:00:00AutoNation Announces February 2015 Reported Retail New Vehicle...

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