FORT LAUDERDALE, Fla.,
Feb. 19, 2016 /PRNewswire/ --
AutoNation, Inc. (NYSE: AN), America's largest automotive retailer,
today announced that its Board of Directors has authorized the
repurchase of up to an additional $250
million of AutoNation's common stock. With the increased
authorization, AutoNation has approximately $250 million total Board authorization remaining
for share repurchases as of February 19,
2016. AutoNation has approximately 104 million shares
outstanding as of February 18,
2016.
About AutoNation, Inc.
AutoNation is America's largest automotive retailer, currently
owning and operating 373 new vehicle franchises from coast to
coast. AutoNation sold its 10 millionth vehicle in 2015, the first
automotive retailer to reach this milestone. AutoNation is also the
only automotive retailer to guarantee every vehicle retailed is
recall-free. A commitment to delivering a peerless experience
through customer-focused sales and service processes is what drives
AutoNation's success. AutoNation is transforming the automotive
industry through bold leadership, technology and innovation.
Please visit investors.autonation.com, www.autonation.com,
www.autonationdrive.com, www.twitter.com/autonation,
www.twitter.com/CEOMikeJackson, www.facebook.com/autonation, and
www.facebook.com/CEOMikeJackson, where AutoNation discloses
additional information about the Company, its business, and its
results of operations.
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SOURCE AutoNation, Inc.