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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
11/29/201608:30:00AutoNation Cure Bowl Tailgate Party and Concert
11/02/201617:14:21Statement of Changes in Beneficial Ownership (4)
11/02/201617:09:53Initial Statement of Beneficial Ownership (3)
11/01/201616:30:19Amended Statement of Beneficial Ownership (sc 13d/a)
10/28/201616:30:20Securities Registration: Employee Benefit Plan (s-8)
10/28/201616:21:45Quarterly Report (10-q)
10/28/201608:40:00AutoNation to Expand Operations; Profit Falls
10/28/201608:13:21Current Report Filing (8-k)
10/28/201608:00:00AutoNation Reports Third Quarter 2016 Results
10/28/201607:45:00AutoNation Launches AutoNation USA and Comprehensive Brand Extension...
10/21/201616:42:00AutoNation Announces New Chief Technology Officer
10/20/201607:00:00Gabelli Automotive Symposium Keynote to Focus on Internet of...
10/19/201608:37:00Gabelli & Company’s 40th Annual Automotive Aftermarket Symposium
10/19/201607:30:00AutoNation Dealerships Take 7 Spots in Automotive News' "100...
09/29/201607:00:00AutoNation Announces Third Quarter 2016 Earnings Conference Call...
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)

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