Mike Jackson, Chairman & CEO of AutoNation, discusses his company's quarterly earnings and shares his thoughts on three key sectors that are unpinning the economic recovery.» Read More
FORT LAUDERDALE, Fla.— A late-March surge in car and truck buying helped dealership group AutoNation Inc. overcome subzero temperatures and waves of winter storms earlier in the year to post nearly a 15 percent increase in first-quarter net income.
In this week's Talking Squawk, the official "Squawk Box" blog—get a Warren Buffett rewind, Carl Icahn unleashed and maybe meet the next WhatsApp disruptor.
While praising Tesla, AutoNation CEO Mike Jackson told CNBC the electric automaker should not have to ditch its direct sales business model to mollify state governments.
These are the people who have had the greatest influence, who caused the most disruption in business over the past 25 years.
GM Chief Financial Officer Chuck Stevens tells CNBC that higher tax rates and restructuring costs contributed to profits falling short of expectations.
Treasurys held on to earlier losses after of the Treasury Dept's auction of five-year notes and seven-year debt and after the release of US GDP data.
Jan 30- AutoNation Inc, the largest U.S. automobile dealer group, sped by Wall Street's quarterly earnings expectations on robust sales of luxury cars like Mercedes-Benz and BMW, and its shares rose as high as 6.4 percent.
Jan 30- AutoNation Inc, the largest U.S. automobile dealer group, sped by Wall Street earnings expectations on Thursday on robust sales of luxury cars like Mercedes-Benz and BMW.
U.S. stock index futures traded higher on Thursday, on what will be the busiest day of fourth quarter earnings season.
Automakers should watch their bloated inventories even though 2014 seems like it will be a good year for car sales, AutoNation's Mike Jackson says.
Some of the names on the move ahead of the open.
Jan 30- AutoNation Inc, the largest U.S. automobile dealer group, sped by Wall Street earnings expectations on Thursday on robust sales of luxury cars like Mercedes-Benz and BMW. AutoNation showed net income of $109.4 million, or 89 cents per share, in the fourth quarter, versus $83.2 million, or 67 cents per share a year ago.
AutoNation Chairman and CEO Mike Jackson says a revenue increase year-over-year of 12 percent in 2013 made it "a perfect year," and expects to break through 16 million units in 2014. He discusses inventory in the industry.
Mike Jackson, chairman and CEO of AutoNation, also forecasts trends for 2014.
Filmmaker M. Night Shyamalan told CNBC about his ambitious higher learning project. We also look at the new Ford Mustang and the Ron Burgundy effect at Chrysler in Talking Squawk.
NEW YORK, Dec 4- A recovering economy and cheaper prices at the pump have boosted U.S. gasoline demand in recent months, following five years of decline, a change that some experts say could continue into 2014.. Pump prices on Thursday's Thanksgiving holiday were the lowest in three years, the Energy Information Administration said last week.
Some of Wednesday's midday movers:
Taper anxiety is feeding a sell-off that some argue should be embraced. Stocks dropped at the opening bell, with the 10-year spiking.
The fictional anchorman's campaign for Chrysler's Dodge Durango has boosted sales of the SUV, AutoNation's Mike Jackson says.
The tea party overplayed its losing Obamacare hand this month, which is pushing businesses toward the center, AutoNation Chairman and CEO Mike Jackson told CNBC.