Edward S. Lampert holds 34, 617, 370 shares of AutoNation Inc. ( AN), representing 35.8% of his portfolio.
FORBES: Edward Lampert Top Holdings - Great Gains Despite One Bad Apple
AutoNation had no fundamentally better way to make money at this mature, highly competitive, low-margin business.
With AutoNation out of the picture, Ligon halted growth so he could get CarMax healthy.
Huizenga built and cashed out of two more Global 2000 companies: Blockbuster and car dealer AutoNation.
AutoNation, one of the largest auto dealers, reported new vehicle unit sales rose 22% to 19, 283.
That changes starting with the former Maroone group, which switches to the AutoNation brand immediately.
FORBES: AutoNation Switches To A Single Brand, Something New In Auto Retailing
AutoNation's Chief Executive Mike Jackson says customers are more price savvy than ever.
Mike Jackson, the chairman and chief executive officer of AutoNation, took a different approach.
AutoNation, which sells barely 1% of America's cars, probably does not want to annoy Detroit just yet.
They are also expanding initiatives to make it easier for people to sell AutoNation a used car.
The problem: AutoNation had no fundamentally better way to make money at this mature, highly competitive, low-margin business.
Jackson said AutoNation would not switch the names of its premium-luxury dealerships, like Mercedes-Benz of Fort Lauderdale.
FORBES: AutoNation Switches To A Single Brand, Something New In Auto Retailing
Friday, AutoNation, the nation's largest independent auto dealer, announced a 29% drop in profits for the second quarter.
The fact that Jackson asked these questions ultimately had profound impact on AutoNation's ability to survive in 2009.
AutoNation Inc. announced something new under the sun today, a coast-to-coast auto retail chain with a uniform brand name.
FORBES: AutoNation Switches To A Single Brand, Something New In Auto Retailing
For an example of a plain bad idea, look at Wayne Huizenga's AutoNation.
For an example of a plainly bad idea, look at Wayne Huizenga's AutoNation.
CarMax and AutoNation engaged in a mortal expansion battle in the late 1990s.
The results of those two perceptions--and AutoNation's discipline in acting on them--set the stage for the company's recent success.
Jackson (now head of AutoNation (nyse: AN - news - people ), the country's largest dealer group).
The positive trend continued in October, in which AutoNation reported a 13 percent increase in sales, compared to October of 2011.
FORBES: Hedge Fund Billionaire Eddie Lampert Sells AutoNation
As of June 30, 2012, AutoNation owns and operates 260 new vehicle franchises and 215 stores located in major metropolitan markets.
FORBES: Even As Wall Street Ignores It, Largest U.S. Auto Retailer's Stock Keeps Bumping Higher
AutoNation President Mike Maroone says his dealerships are working all over the country with customers to get them out of leases early.
As CarMax was struggling, along came AutoNation, the giant new-car dealership group, with a plan to compete with CarMax head-to-head in used cars.
We see AutoNation as Fairly Valued at the current price level, which places it among our most favorable ratings in the space.
AutoNation is bound to continue benefiting from the improving trends in the auto industry, and should help boost its stock to higher levels.
FORBES: Even As Wall Street Ignores It, Largest U.S. Auto Retailer's Stock Keeps Bumping Higher
AutoNation is the largest automotive retailer in the U.S., with 258 new vehicle franchises in 15 states, and is based in Fort Lauderdale, Fla.
FORBES: Hedge Fund Billionaire Eddie Lampert Sells AutoNation
What Jackson and AutoNation did was understand better than their competitors the root drivers of car demand: cheap financing and a short replacement cycle.
Now he's testing the formula again with car superstores called AutoNation.
AutoNation ( AN - news - people ), the nation's largest independent auto dealer, announced a 29% drop in profits for the second quarter.
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