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AutoNation March New Vehicle Sales Rise 19%

DOW JONES NEWSWIRES AutoNation Inc. (AN) said new vehicle sales continued rising in March, climbing 19% to 22,246 units. The automotive retailer warned its expects significant production disruption from Japanese auto manufacturers in the second and third quarters of 2011, but believes the auto-retail market and underlying consumer demand will continue to recover throughout 2011. Its first-quarter new vehicle sales rose 23% to 54,198. AutoNation still expects 12.8 million new sales for the industry in 2011. About 52% of AutoNation's 2010 sales were produced by Japanese manufacturers, and about two-thirds of those units are assembled in North America. The company said in February its fourth-quarter profit climbed 9.1%, topping analysts' estimates, as the company reported higher sales of both new and used vehicles. AutoNation, which runs 242 new-vehicle franchises in 15 states in the South and West, as well as its peers have seen their results improve lately, helped by the broad recovery of the automotive industry. Shares closed at $35.62 and were inactive premarket. As of the close Friday, the stock had gained 96% the past year. -By Melodie Warner, Dow Jones Newswires; 212-416-2283; melodie.warner@dowjones.com

Stock News for Autonation (AN)
DateTimeHeadline
09/22/201610:43:00Gabelli & Company’s 40th Annual Automotive Aftermarket Symposium
09/12/201608:00:00Gabelli & Company’s 40th Annual Automotive Aftermarket Symposium
07/29/201616:26:24Quarterly Report (10-q)
07/29/201613:20:00AutoNation Hits Record EPS, But Counsels Caution
07/29/201607:37:10Current Report Filing (8-k)
07/29/201607:25:00AutoNation Reports All-Time Record Quarterly EPS from Continuing...
07/26/201617:57:15Statement of Changes in Beneficial Ownership (4)
07/07/201608:30:00AutoNation to Acquire BMW, Land Rover and Jaguar stores in Westchester...
06/30/201608:30:00AutoNation Announces Second Quarter 2016 Earnings Conference...
06/14/201616:30:00Toys 'R' Us Gains Approval to Extend Debt Maturity
06/09/201618:05:46Statement of Changes in Beneficial Ownership (4)
06/09/201618:05:18Statement of Changes in Beneficial Ownership (4)
06/09/201617:00:00AutoNation to Acquire Chrysler Jeep Store in Denver, Colorado
06/06/201609:00:00BASF postpones decision on natural gas-based propylene investment...
06/02/201617:56:22Statement of Changes in Beneficial Ownership (4)
06/02/201617:55:54Statement of Changes in Beneficial Ownership (4)
06/02/201617:55:54Statement of Changes in Beneficial Ownership (4)
06/02/201617:55:29Statement of Changes in Beneficial Ownership (4)
06/02/201617:55:29Statement of Changes in Beneficial Ownership (4)
06/02/201617:55:00Statement of Changes in Beneficial Ownership (4)

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