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AN - AutoNation

post #1 of 29
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AutoNation Announces 3rd Quarter Earnings Conference Call and Audio Webcast Scheduled for Thursday, November 6, 2008

Last update: 3:57 p.m. EDT Oct. 17, 2008
FORT LAUDERDALE, Fla., Oct 17, 2008 /PRNewswire-FirstCall via COMTEX/ -- AutoNation, Inc. (AN:
AutoNation Inc
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Last: 7.34+0.39+5.61%
4:00pm 10/17/2008
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AN 7.34, +0.39, +5.6%) , America's largest automotive retailer, announced today that it will release its financial results for the 3rd Quarter ended September 30, 2008 on Thursday, November 6, 2008. Mike Jackson, chairman and chief executive officer, Mike Maroone, president and chief operating officer, and Mike Short, executive vice president and chief financial officer, will discuss these results and information regarding the Company's business and operating environment during a conference call and audio webcast that same morning at 11:00 a.m. Eastern Time.
The conference call may be accessed by phone at 888-769-8515 (pass code: AutoNation) or via the Internet (audio webcast) at http://www.AutoNation.com by clicking on the "About Us" link then clicking on "Investors" and then "Webcasts." A playback of the conference call will be available after 2:00 p.m. Eastern Time November 6, 2008 through November 13, 2008 by calling 866- 567-0381.
About AutoNation, Inc.
AutoNation, Inc., headquartered in Fort Lauderdale, Fla., is America's largest automotive retailer. A component of the Standard and Poor's 500 Index, owns and operates 313 new vehicle franchises in 15 states. For additional information, please visit http://corp.AutoNation.com or www.AutoNation.com, where more than 80,000 vehicles are available for sale.
SOURCE AutoNation, Inc.

http://corp.autonation.com

Copyright (C) 2008 PR Newswire. All rights reserved End of Story
post #2 of 29
I would not buy into car dealers, they are doomed. Look at SAH where they at now.
post #3 of 29
Hope you did not buy this crap.

post #4 of 29

AN - AutoNation Inc



BUSINESS SUMMARY
AutoNation, Inc., through its subsidiaries, operates as an automotive retailer in the United States. It offers a range of automotive products and services, including new vehicles, used vehicles, vehicle maintenance and repair services, vehicle parts, extended service contracts, vehicle protection products, and other aftermarket products. The company also arranges financing for vehicle purchases through third-party finance sources. In addition, it offers various vehicle protection products, including extended service contracts, maintenance programs, guaranteed auto protection, �tire and wheel� protection, and theft protection products. The brands of vehicles that the company sells include Ford, General Motors, Daimler, Chrysler, Toyota, Nissan, Honda, and BMW. As of December 31, 2007, it owned and operated 322 new vehicle franchises from 244 dealerships located in major metropolitan markets, primarily in the Sunbelt region of the United States. The company was founded in 1991 and is headquartered in Fort Lauderdale, Florida.
post #5 of 29

AN : share price up today

Stock closed up at a plus $1.11 from the time I posted this for members. Good Luck and Happy Trading...
post #6 of 29
AN closed up in the green today @ $7.75Hit a day high of $8.40
post #7 of 29
AN closed at $ 8.54 cents on Friday in the green again.
post #8 of 29
Quote:
Originally Posted by DRD View Post
AN closed at $ 8.54 cents on Friday in the green again.
Nice call DRD!! Be careful though auto dealers are going to have some rough times ahead IMO
post #9 of 29
Quote:
Originally Posted by Arthur626 View Post
Nice call DRD!! Be careful though auto dealers are going to have some rough times ahead IMO
Yeah it was a nice call...

I would wait for a pull back but I know Bill Gates through Cascade Investment LLC and his foundation have been buying shares in AN as well....
post #10 of 29

Bill Gates Trust has been buying AN

Here is a link for more info.

http://www.thestreet.com/_yahoo/news...FREE&cm_ite=NA
post #11 of 29
AN traded up to close out the week at $9.51
post #12 of 29

Beware of Bill Gates

Regarding Bill Gates' investment in AutoNation (symbol: AN), a person on AN's discussion board at Google Finance posted this comment:

chris.simmons...@gmail.com wrote:
> old news-- why do they keep replaying it?? Feels like a pump and
> dump. stocks up 85% with bad reports and 1.4 bil in write downs .
> Definite pump and dump... Wayyyy to many replays on old news.

Here's my additional input...

Bill Gates bought a large stake in Pacific Ethanol (symbol: PEIX) when the share price was high, and many normal shareholders got sucked in by the "Bill Gates" name.

Gates didn't even pay the market price when he bought his PEIX shares. From the Seeking Alpha article entitled "Bill Gates Invests In Ethanol Plants Via Pacific Ethanol (PEIX)" dated November 30, 2005:

"The price per share of the transaction was at about a 20% discount versus the closing price on the 15th, when the deal was announced."

Then, (of course) PEIX's share price crashed.

Gates sold some shares at the bottom, presumably to make the normal shareholders feel better.

From a TradingMarkets.com article dated June 26, 2008:

"PACIFIC ETHANOL STOCK HITS ALL-TIME LOW..."

"Cascade Investments LLC, the personal investment vehicle of Microsoft billionaire Bill Gates, has sold about 2 million shares of Pacific Ethanol stock over the past three months, roughly half its initial $84 million investment in the company in 2005."

Maybe I'm wrong, but I don't think Gates got rich by buying high / selling low.
post #13 of 29
Good short here - hit 200 day MA. Watch carefully overall market.

post #14 of 29
Nice call foss definately watching tomorrow.
post #15 of 29
Down she falls - 6% down:

:
post #16 of 29
Keeps on dropping
post #17 of 29
AN hit 52 week high, I got some MAY 15 Puts here:

post #18 of 29
I work for this company.. But I dont even have shares in it...
post #19 of 29
Quote:
Originally Posted by Quickinvestment View Post
I work for this company.. But I dont even have shares in it...
So you probably know how bad car sales are. It's not that easy to get car loan like it used to be, especially for bad credit people.
post #20 of 29
Didn't they just announce that they had an up quarter...and looks to be better for Q2?
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