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vehicle supply

A new model coming for vehicle supply, AutoNation CEO Mike...

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The COVID-19 pandemic could be a watershed for carmakers who have typically kept hundreds of thousands of new vehicles at any given time. AutoNation CEO Mike Jackson surmises that this inventory-heavy practice could be coming to an end, giving way for a new method for vehicle supply to retailers. In an interview with Bloomberg Television, […]
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AutoNation

AutoNation reports record earnings in Q2 2021

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On July 19th, AutoNation released their Q2 net income from continuing operations that set an all-time earnings record for the fifth straight quarter. As the largest American automotive dealer group, their net income achieved $385 million and an adjusted EPS of $4.83, representing an increase of 243% above the same period last year. Compared to […]
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AutoNation CEO Mike Jackson discusses Q4 results, digital retailing, the used-car...

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AutoNation is coming off a record-setting quarter at the end of 2020. One of the nation’s largest automotive retailers made a strong rebound after...

AutoNation’s profit triples amid chip shortage

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AutoNation, Inc., one of the largest automotive retailers in the US, reported earlier this week that its quarterly adjusted profit nearly tripled from this time last year. AutoNation’s Chief Executive Officer Mike Jackson told shareholders that these “outstanding results were driven by strong performance in new, used and customer financial services and disciplined expense management.” […]
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JM Family - Cheryl Miller

Breaking: Cheryl Miller resigns after short tenure as CFO of...

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Cheryl Miller, former CEO of AutoNation, has resigned from her position as CFO of JM Family Enterprises. Miller only spent three months in the role before making the decision to step down. The change went into effect Wednesday. Last year, Miller made the decision to step down as CEO of AutoNation following a lengthy medical […]
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AutoNation planning to acquire 11 stores from Peacock Automotive

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America’s largest automotive retailer, AutoNation Inc., is growing once again after it signed an agreement to acquire 11 stores and a collision center from...

AutoNation’s Mike Jackson relinquishes Chairman role as company profits boom

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Mike Jackson, CEO of AutoNation is stepping down from his position as Chairman. Jackson will remain CEO of the retailer, as the company announced its decision to separate the roles of Chairman and CEO. Rick L. Burdick was elected by the Board of Directors to succeed Jackson as AutoNation’s new Chairman. “The Board is comprised […]
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Cheryl Miller returns to automotive as CFO of JM Family...

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Cheryl Miller, former CEO of AutoNation, is making her return to the automotive industry alongside some familiar faces. Miller is set to become the new Executive Vice President and CFO of JM Family Enterprises, according to the company’s website. JM Family is an automotive conglomerate, housing many notable businesses such as Southeast Toyota Distributors, Southeast […]
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AutoNation

AutoNation ‘adopts’ 50 families for the holidays with Neighbors 4...

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On Thursday, AutoNation issued a press release announcing that the dealer group is ‘adopting’ 50 families in South Florida for the holidays. The initiative through Neighbors 4 Neighbors is yet another way that AutoNation is caring for their community during especially tough times. Neighbors 4 Neighbors is a non-profit organization that helps connect people in […]
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auto

Robust Q3 earnings and aggressive hiring for automakers signal industry...

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Welcome to another edition of The Friday 5 with Steve Greenfield, Founder and CEO of Automotive Ventures, an auto technology advisory firm that helps entrepreneurs raise money and maximize the value of their companies. Q3 Earnings We’re in the middle of the Q3 earnings season, and the strong performance from automotive stocks continues to illustrate […]
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