S&P 500
7,415.80
-0.14%
Dow Jones
51,934.30
+0.35%
Nasdaq 100
28,170.00
-1.53%
Russell 2000
2,933.92
-0.13%
FTSE 100
10,725.00
+1.09%
Nikkei 225
64,312.40
-1.73%

Investing

AutoNation Sales Rise 17% in February (AN)

Photo of Paul Ausick
By Paul Ausick Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

The nation’s largest auto retailer, AutoNation Inc. (NYSE: AN) reported a year-over-year sales jump of 17% for the month of February. The company sold 19,994 cars last month.

Here’s the breakdown:

  • 6,179 for Domestic, up 18% versus February 2011,
  • 10,601 for Import, up 16% versus February 2011, and
  • 3,214 for Premium Luxury, up 20% versus February 2011.

We noted yesterday the soaring sales reported by manufacturers, and AutoNation backs up the car makers story. The US is on a pace to sell 14 million cars this year, the first time sales could reach that level since 2008.

AutoNation operates 260 new car sales operations and sells 32 brands in 15 states, making it a pretty good indicator of US car buying habits.

Contact [email protected] for any questions or corrections.

DISCLOSURE:
INVESTMENTS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE Brokerage and Active investing products offered through SoFi Securities LLC, member FINRA(www.finra.org)/SIPC(www.sipc.org). Advisory services are offered by SoFi Wealth LLC, an SEC-registered investment adviser. Information about SoFi Wealth’s advisory operations, services, and fees is set forth in SoFi Wealth’s current Form ADV Part 2 (Brochure), a copy of which is available upon request and at www.adviserinfo.sec.gov. Probability of Member receiving $1,000 is a probability of 0.026%; If you don’t make a selection in 30 days, you’ll no longer qualify for the promo. Customer must fund their account with a minimum of $50.00 to qualify. Other fees, such as exchange fees, may apply. Please view our fee disclosure to view a full listing of fees. Investing in alternative investments and/or strategies may not be suitable for all investors and involves unique risks, including the risk of loss. An investor should consider their individual circumstances and any investment information, such as a prospectus, prior to investing. Interval Funds are illiquid instruments, the ability to trade on your timeline may be restricted. Brokerage and Active investing products offered through SoFi Securities LLC, Member FINRA(www.finra.org) /SIPC(www.sipc.org). There are limitations with fractional shares to consider before investing. During market hours fractional share orders are transmitted immediately in the order received. There may be system delays from receipt of your order until execution and market conditions may adversely impact execution prices. Outside of market hours orders are received on a not held basis and will be aggregated for each security then executed in the morning trade window of the next business day at market open. Share will be delivered at an average price received for executing the securities through a single batched order. Fractional shares may not be transferred to another firm. Fractional shares will be sold when a transfer or closure request is initiated. Please consider that selling securities is a taxable event. Options involve risks, including substantial risk of loss and the possibility an investor may lose the entire investment Before trading options please review the Characteristics and Risks of Standardized Options  Investing in an Initial Public Offering (IPO) involves substantial risk, including the risk of loss. Further, there are a variety of risk factors to consider when investing in an IPO, including but not limited to, unproven management, significant debt, and lack of operating history. For a comprehensive discussion of these risks please refer to SoFi Securities’ IPO Risk Disclosure Statement This should not be considered a recommendation to participate in IPOs and investors should carefully read the offering prospectus to determine whether an offering is consistent with their investment objectives, risk tolerance, and financial situation. New offerings generally have high demand and there are a limited number of shares available for distribution to participants. Many customers may not be allocated shares and share allocations may be significantly smaller than the shares requested in the customer’s initial offer (Indication of Interest). For more information on the allocation process please visit IPO Allocation.
Follow 24/7 Wall St. on Google
Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

Continue Reading

Paul Ausick |

AutoNation Sales Up 7% in January (AN, GM, F, TM, HMC)

The country’s largest automobile dealership, AutoNation Inc. (NYSE: AN) reported that January sales rose to 15,966 vehicles, up 7% year-over-year.…

Douglas A. McIntyre |

AutoNation Becomes Target as Buffett Moves In

The future of AutoNation, the largest U.S. car dealership, may change to that of being a target more than just…

Paul Ausick |

AutoNation Blows Off the Doors

Auto retailer AutoNation Inc. (NYSE: AN) reported second-quarter earnings this morning that crushed consensus estimates. Adjusted earnings per share (EPS)…

Trey Thoelcke |

UBS Has Five Stocks to Sell Into Volatility

24/7 Wall St. has closely monitored Wall Street Sell ratings and noticed what seems to be a pickup in the…

Paul Ausick |

New Car Sales Rise 38% at AutoNation

Auto retailer AutoNation Inc. (NYSE: AN) reported this morning that June sales rose 38% compared with June 2011, to 22,862…

AutoNation to Add Used Car Stores to Its Brand
Paul Ausick |

AutoNation to Add Used Car Stores to Its Brand

The country's largest automobile retailer, AutoNation, announced Friday morning that it plans to open five new AutoNation USA stores in…

Jon C. Ogg |

Dean’s Earnings, A Turnaround Yet? (DF)

Dean Foods Company (NYSE: DF) is finding that no good deed goes unpunished.  The dairy seller reported that adjusted earnings…

Sell Your House in May to Make the Most Money
Douglas A. McIntyre |

Sell Your House in May to Make the Most Money

A recent analysis reveals the months in which home sellers receive the highest premium over the asking price.

Paul Ausick |

Demand for New Cars Fuels AutoNation Results

ThinkstockAuto retailer AutoNation Inc. (NYSE: AN) reported first-quarter earnings before markets opened this morning. The company posted adjusted earnings per…

Top Gaining Stocks

International Paper
IP • Vol: 11,975,298
Schlumberger
SLB • Vol: 28,901,066
Digital Realty Trust
DLR • Vol: 10,764,777
Packaging Corp of America
PKG • Vol: 1,424,156
ServiceNow
NOW • Vol: 29,625,381

Top Losing Stocks

C.H. Robinson
CHRW • Vol: 3,602,159
Coterra Energy
CTRA • Vol: 73,319,495
Intel
INTC • Vol: 181,129,771
West Pharmaceutical Services
WST • Vol: 1,508,636
Micron Technology
MU • Vol: 40,804,475