AutoNationNYSE: AN

FORT LAUDERDALE, Fla. , July 3, 2024 /PRNewswire/ -- As the demand for skilled workers continues to rise, AutoNation, Inc. (NYSE:AN), a provider of personalized transportation services, has announced a new strategic partnership with the U.S. Army through the Partnership for Your Success (PaYS) program to provide soldiers with career pathways in the automotive industry following their military service.

Zacks Auto Retail and Wholesale players like RUSHA and AN are poised to navigate industry headwinds, courtesy of their strategic expansion initiatives and shareholder-friendly moves.

Companies such as GPI, BWA, and AN have pleased investors by expanding their buyback authorization.

AutoNation's (AN) exceeded first-quarter earnings expectations, although sales fell short. In order to reassure investors, AN has approved an extra $1 billion share repurchase as part of its buyback initiative.

The headline figures for AutoNation (AN) provide a glimpse into the company's performance in the quarter ending March 2024, but it could be beneficial to compare certain key metrics with Wall Street projections and the previous year's results.

This business is at financial risk due to a significant amount of debt and lack of profits, which will make it difficult for the company to achieve consistent growth in a high interest rate environment.

AutoNation (AN) lacks the necessary elements for a potential earnings surprise in its upcoming report. Be ready with the key projections.

Although electric vehicles are seen as the future of transportation, traditional auto stocks are becoming increasingly important, making a strong case for investment. This new trend is expected to continue for the foreseeable future.

Car dealer Inchcape PLC may have found a potential interested buyer in US rival AutoNation Inc (NYSE:AN). In January the London-listed company said it had received "approaches from a number of interested parties" and was reviewing options for its UK retail business, potentially including a sale.