AutoNation, America's largest and most recognized automotive retailer, is transforming the automotive industry through its bold leadership, innovation, and comprehensive brand extensions. As of September 30, 2020, AutoNation owned and operated over 325 locations from coast to coast. AutoNation has sold over 12 million vehicles, the first automotive retailer to reach this milestone. AutoNation's success is driven by a commitment to delivering a peerless experience through Customer-focused sales and service processes. Since 2013, AutoNation has raised $25 million to drive out cancer, create awareness, and support critical research through its DRIVE PINK initiative, which was officially branded in 2015.

Company profile
Ticker
AN
Exchange
Website
CEO
Michael J. Jackson
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
AUTONATION INC /FL, REPUBLIC INDUSTRIES INC, REPUBLIC WASTE INDUSTRIES INC
SEC CIK
Corporate docs
Subsidiaries
7 Rod Real Estate North, A Limited Liability Company • 7 Rod Real Estate South, A Limited Liability Company • Abraham Chevrolet-Miami, Inc. • Abraham Chevrolet-Tampa, Inc. • ACER Fiduciary, Inc. • ACP Auto Parts, LLC • ACP Holding Corp. • AL F-L Motors, LLC • AL Fort Payne Motors, LLC • Albuquerque ANUSA, LLC ...
IRS number
731105145
AN stock data
News

Walmart, Gap, Nordstrom And Some Other Big Stocks Recording Gains On Tuesday
17 Aug 22
Coinbase Global, T-Mobile US And 2 Other Stocks Insiders Are Selling
16 Aug 22
Insiders Selling Snap, Domino's Pizza And 2 Other Stocks
28 Jul 22
Autonomy To Scale Electric Vehicle Subscriptions Nationally; AutoNation To Be Dealer Of Record And Provide Services
26 Jul 22
Benzinga's Top Ratings Upgrades, Downgrades For July 25, 2022
25 Jul 22
Press releases
Autonomy Launches Month-to-Month Auto Insurance as Part of Subscription Bundle in Partnership With Liberty Mutual Insurance
17 Aug 22
Autonomy Places 23,000 Electric Vehicle Order With Automakers to Expand and Diversify Subscription Fleet
9 Aug 22
AutoNation USA Stores to Host Back to School Teen Driver Safety Clinics Coast to Coast
28 Jul 22
Autonomy to Scale Electric Vehicle Subscriptions Nationally; AutoNation to be Dealer of Record and Provide Services
26 Jul 22
AutoNation Reports All-Time Record Quarterly EPS
21 Jul 22
Analyst ratings and price targets
Current price
Average target
$161.00
Low target
$104.00
High target
$213.00
Seaport Global
Upgraded
$180.00
Guggenheim
Maintains
$213.00
Wells Fargo
Maintains
$147.00
Morgan Stanley
Maintains
$104.00
Calendar
21 Jul 22
18 Aug 22
31 Dec 22
Financial summary
Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 336.6M | 336.6M | 336.6M | 336.6M | 336.6M | 336.6M |
Cash burn (monthly) | 90.57M | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 149.23M | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 187.37M | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 2.1 | n/a | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
16 Aug 22 | Marc G Cannon | Common Stock, par value $0.01 per share | Sell | Dispose S | No | No | 135.3801 | 1,649 | 223.24K | 11,788 |
15 Aug 22 | Lampert Edward S | Common Stock, par value $0.01 per share | Sell | Dispose S | No | No | 124.0402 | 33,504 | 4.16M | 7,265,366 |
12 Aug 22 | George Lawrence Mikan III | Common Stock, par value $0.01 per share | Sell | Dispose S | No | No | 123.9443 | 15,000 | 1.86M | 32,244 |
12 Aug 22 | George Lawrence Mikan III | Common Stock, par value $0.01 per share | Option exercise | Acquire M | No | No | 48.8 | 5,000 | 244K | 47,244 |
12 Aug 22 | George Lawrence Mikan III | Common Stock, par value $0.01 per share | Option exercise | Acquire M | No | No | 47.25 | 5,000 | 236.25K | 42,244 |
12 Aug 22 | George Lawrence Mikan III | Common Stock, par value $0.01 per share | Option exercise | Acquire M | No | No | 46.22 | 5,000 | 231.1K | 37,244 |
12 Aug 22 | George Lawrence Mikan III | Stock Option Common Stock, par value $0.01 per share | Option exercise | Dispose M | No | No | 48.8 | 5,000 | 244K | 0 |
12 Aug 22 | George Lawrence Mikan III | Stock Option Common Stock, par value $0.01 per share | Option exercise | Dispose M | No | No | 47.25 | 5,000 | 236.25K | 0 |
12 Aug 22 | George Lawrence Mikan III | Stock Option Common Stock, par value $0.01 per share | Option exercise | Dispose M | No | No | 46.22 | 5,000 | 231.1K | 0 |
11 Aug 22 | Lampert Edward S | Common Stock, par value $0.01 per share | Sell | Dispose S | No | No | 124.6148 | 150,000 | 18.69M | 7,298,870 |
Institutional ownership, Q2 2022
84.1% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 411 |
Opened positions | 52 |
Closed positions | 53 |
Increased positions | 128 |
Reduced positions | 172 |
13F shares | Current |
---|---|
Total value | 5.31B |
Total shares | 47.06M |
Total puts | 508.4K |
Total calls | 578.9K |
Total put/call ratio | 0.9 |
Largest owners | Shares | Value |
---|---|---|
Cascade Investment, L.L.C. | 9.87M | $1.15B |
Vanguard | 4.62M | $516.66M |
BLK Blackrock | 3.53M | $394.31M |
Dimensional Fund Advisors | 2.68M | $299.03M |
Artisan Partners Limited Partnership | 1.32M | $147.47M |
GS Goldman Sachs | 1.25M | $139.45M |
STT State Street | 1.12M | $125.34M |
Aqr Capital Management | 1.01M | $111.69M |
IVZ Invesco | 918.85K | $102.69M |
BAC Bank Of America | 908.22K | $101.5M |
Financial report summary
?Competition
CarLotzRisks
- The automotive retail industry is sensitive to changing economic conditions and various other factors, including, but not limited to, unemployment levels, consumer confidence, fuel prices, interest rates, and tariffs. Our business and results of operations are substantially dependent on new and used vehicle sales levels in the United States and in our particular geographic markets, as well as the gross profit margins that we can achieve on our sales of vehicles, all of which are very difficult to predict.
- Our new vehicle sales are impacted by the incentive, marketing, and other programs of vehicle manufacturers.
- We are dependent upon the success and continued financial viability of the vehicle manufacturers and distributors with which we hold franchises.
- We are subject to restrictions imposed by, and significant influence from, vehicle manufacturers that may adversely impact our business, financial condition, results of operations, cash flows, and prospects, including our ability to acquire additional stores.
- We are investing significantly in various strategic initiatives, and if they are not successful, we will have incurred significant expenses without the benefit of improved financial results.
- If we are not able to maintain and enhance our retail brands and reputation or to attract consumers to our own digital channels, or if events occur that damage our retail brands, reputation, or sales channels, our business and financial results may be harmed.
- The carrying value of our minority equity investment that does not have a readily determinable fair value is required to be adjusted for observable price changes or impairments, both of which could adversely impact our results of operations and financial condition.
- New laws, regulations, or governmental policies in response to climate change, including fuel economy and greenhouse gas emission standards, or changes to existing standards, could adversely impact our business, results of operations, financial condition, cash flow, and prospects.
- We are subject to numerous legal and administrative proceedings, which, if the outcomes are adverse to us, could materially adversely affect our business, results of operations, financial condition, cash flows, and prospects.
- Our operations are subject to extensive governmental laws and regulations. If we are found to be in purported violation of or subject to liabilities under any of these laws or regulations, or if new laws or regulations are enacted that adversely affect our operations, our business, operating results, and prospects could suffer.
- A failure of our information systems or any security breach or unauthorized disclosure of confidential information could have a material adverse effect on our business.
- Our debt agreements contain certain financial ratios and other restrictions on our ability to conduct our business, and our substantial indebtedness could adversely affect our financial condition and operations and prevent us from fulfilling our debt service obligations.
- We are subject to interest rate risk in connection with our vehicle floorplan payables, revolving credit facility, and commercial paper program that could have a material adverse effect on our profitability.
- Goodwill and other intangible assets comprise a significant portion of our total assets. We must test our goodwill and other intangible assets for impairment at least annually, which could result in a material, non-cash write-down of goodwill or franchise rights and could have a material adverse impact on our results of operations and shareholders’ equity.
- Our largest stockholders, as a result of their ownership stakes in us, may have the ability to exert substantial influence over actions to be taken or approved by our stockholders. In addition, future share repurchases and fluctuations in the levels of ownership of our largest stockholders could impact the volume of trading, liquidity, and market price of our common stock.
- Natural disasters and adverse weather events, including the effects of climate change, can disrupt our business.
Management Discussion
- Same store new vehicle revenue decreased during the three months ended June 30, 2022, as compared to the same period in 2021, due to a decrease in same store unit volume, partially offset by an increase in same store revenue PVR. Same store unit volume in the current year was adversely impacted by historically low inventory levels due to manufacturer supply shortages.
- Same store revenue PVR and gross profit PVR both increased during the three months ended June 30, 2022, as compared to the same period in 2021, primarily due to strong demand and reduced availability of new vehicle inventory.
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. sophomore Avg
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New words:
assumption, auto, CIG, cycle, easy, extend, favorably, headquartered, Hyundai, inflation, Irvine, mobility, model, relationship, singular, transparent
Removed:
allocating, calculate, discount, free, inherently, knowledge, original, projected, Rabbi, reconcile, retailer, shared, Trust, uncertain, unpredictable, vesting
Financial reports
Current reports
8-K
AutoNation Reports All-Time Record Quarterly EPS
21 Jul 22
8-K
Submission of Matters to a Vote of Security Holders
25 Apr 22
8-K
AutoNation Reports Record First Quarter Results
21 Apr 22
8-K
Entry into a Material Definitive Agreement
1 Mar 22
8-K
AutoNation Reports All-Time Record Quarterly and Full Year EPS
17 Feb 22
8-K
Departure of Directors or Certain Officers
26 Jan 22
8-K
Amendments to Articles of Incorporation or Bylaws
18 Nov 21
8-K
AutoNation Reports Sixth Consecutive All-Time Record Quarter
21 Oct 21
8-K
Regulation FD Disclosure
18 Oct 21
8-K
AutoNation Appoints Michael “Mike” Manley Chief Executive Officer and Director
21 Sep 21
Registration and prospectus
424B5
Prospectus supplement for primary offering
25 Feb 22
FWP
Free writing prospectus
23 Feb 22
424B5
Prospectus supplement for primary offering
23 Feb 22
S-3ASR
Automatic shelf registration
17 Feb 22
424B5
Prospectus supplement for primary offering
28 Jul 21
FWP
Free writing prospectus
26 Jul 21
424B5
Prospectus supplement for primary offering
26 Jul 21
424B5
Prospectus supplement for primary offering
21 May 20
FWP
Free writing prospectus
19 May 20
424B5
Prospectus supplement for primary offering
19 May 20
Proxies
DEFA14A
Additional proxy soliciting materials
14 Apr 22
PX14A6G
Letter to shareholders
21 Mar 22
DEFA14A
Additional proxy soliciting materials
8 Mar 22
DEFA14A
Additional proxy soliciting materials
9 Mar 21
DEFA14A
Additional proxy soliciting materials
7 Apr 20
DEF 14A
Definitive proxy
10 Mar 20
DEFA14A
Additional proxy soliciting materials
10 Mar 20
PX14A6G
Letter to shareholders
16 Apr 19
Other
NO ACT
No action letter
29 Dec 16
UPLOAD
Letter from SEC
6 Oct 16
CORRESP
Correspondence with SEC
4 Oct 16
UPLOAD
Letter from SEC
2 Oct 16
NO ACT
No action letter
18 Feb 14
CT ORDER
Confidential treatment order
9 Feb 12
CT ORDER
Confidential treatment order
4 Aug 10
UPLOAD
Letter from SEC
16 Jun 10
CORRESP
Correspondence with SEC
14 Jun 10
UPLOAD
Letter from SEC
6 Jun 10
Ownership
4
AUTONATION / MARC G CANNON ownership change
18 Aug 22
4
AUTONATION / George Lawrence Mikan III ownership change
16 Aug 22
4
AUTONATION / EDWARD S LAMPERT ownership change
15 Aug 22
4
AUTONATION / ROBERT R GRUSKY ownership change
10 Aug 22
4
AUTONATION / EDWARD S LAMPERT ownership change
1 Aug 22
SC 13D/A
AUTONATION / ESL PARTNERS ownership change
1 Aug 22
4
AUTONATION / EDWARD S LAMPERT ownership change
27 Jul 22
4
AUTONATION / ROBERT R GRUSKY ownership change
27 Jul 22
4
AUTONATION / EDWARD S LAMPERT ownership change
21 Jul 22
4
AUTONATION / EDWARD S LAMPERT ownership change
5 Jul 22
Transcripts
2022 Q2
Earnings call transcript
21 Jul 22
2022 Q1
Earnings call transcript
21 Apr 22
2021 Q4
Earnings call transcript
17 Feb 22
2021 Q3
Earnings call transcript
21 Oct 21
2021 Q2
Earnings call transcript
19 Jul 21
2021 Q1
Earnings call transcript
20 Apr 21
2020 Q4
Earnings call transcript
16 Feb 21
2020 Q3
Earnings call transcript
21 Oct 20
2020 Q2
Earnings call transcript
23 Jul 20
2020 Q1
Earnings call transcript
11 May 20
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