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AutoNation Inc

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  • DETROIT, Oct 28- AutoNation Inc shares on Tuesday jumped nearly 7 percent after the company exceeded Wall Street expectations with a 15 percent increase in third-quarter earnings and its chief executive said U.S. auto sales will continue to rise in 2015.. Standard and Poor's on Tuesday raised AutoNation stock to "buy" from "hold" and increased its 12- month target...

  • AutoNation halts sales of cars in air bag recalls Tuesday, 28 Oct 2014 | 3:08 PM ET

    The recalls are giving the auto industry a black eye because they are "confusing and incoherent," AutoNation CEO Mike Jackson said Tuesday in an interview. Dozens of models made by BMW, Chrysler, Ford, General Motors, Mazda, Honda, Mitsubishi, Nissan, Subaru and Toyota dating to the 2001 model year are covered by the recalls. AutoNation, a 277- franchise chain that's in...

  • DETROIT, Oct 28- AutoNation Inc, the largest U.S. auto retail group, has stopped selling cars equipped with Takata Corp air bags involved in a massive global recall involving more than 16 million vehicles, Chief Executive Mike Jackson said on Tuesday. While AutoNation is the largest U.S. automotive dealer group, it currently has fewer than 400 used cars equipped...

  • US STOCKS-Earnings lift Wall St despite mixed data Tuesday, 28 Oct 2014 | 12:00 PM ET

    *Twitter falls; Madison Square Garden up on possible split. *Capital goods orders post largest fall in eight months. Ranking among the largest percentage gainers on the S&P 500 were Amgen, AutoNation and Cummins, which reported earnings between late Monday and Tuesday morning.

  • DETROIT, Oct 28- U.S. auto sales will rise above 17 million vehicles next year for only the third time in history, AutoNation Inc Chief Executive Mike Jackson said on Tuesday. Earlier on Tuesday, AutoNation posted quarterly earnings that beat Wall Street expectations by 4 cents a share. Shares of the largest U.S. auto dealer group were up 5.4 percent at $54.81.

  • US STOCKS-Wall St up on earnings, data mixed Tuesday, 28 Oct 2014 | 10:52 AM ET

    *Capital goods orders post largest fall in eight months. NEW YORK, Oct 28- U.S. stocks rose on Tuesday as strong earnings and an upbeat consumer confidence reading more than offset weaker-than-expected housing and industrial data. Ranking among the largest percentage gainers on the S&P 500 were Amgen, AutoNation and Cummins, which reported earnings between...

  • DETROIT, Oct 28- AutoNation Inc on Tuesday reported a 15 percent jump in third-quarter earnings, in part because of robust profit from used cars. The Fort Lauderdale, Florida- based company earned 90 cents per share, beating Wall Street expectations of 86 cents, according to Thomson Reuters I/B/E/S. During the quarter, AutoNation repurchased 4.4 million shares of...

  • AutoNation beats Street 3Q forecasts Tuesday, 28 Oct 2014 | 7:12 AM ET

    FORT LAUDERDALE, Fla.— FORT LAUDERDALE, Fla.— AutoNation Inc. on Tuesday reported net income of $106.5 million in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 86 cents per share. Analysts expected $4.8 billion, according to Zacks.

  • Asian stocks rise with Wall Street, eyes on Fed Tuesday, 28 Oct 2014 | 5:18 AM ET

    NEW YORK— Strong corporate earnings pushed up stocks across industries on Tuesday, with the energy sector and small companies leading the gains. Whirlpool, AutoNation and engine-maker Cummins all rose 7 percent after reporting their results. "Here we are just two weeks later, and we've just about gained it back," said Scott Wren, a stock strategist at Wells Fargo...

  • EPS $1.30- $1.32 vs prior forecast $1.36- $1.38. *Shares of rivals AutoNation, Penske, others also fall. Shares of rivals AutoNation Inc fell 5 percent, also erasing its gains this year.

  • The declines were sparked last week by a cut in the global growth forecast by the International Monetary Fund and disappointing economic data in Europe. Earnings season will pick up this week, with results expected from Dow components Intel, Johnson& Johnson, UnitedHealth, American Express and General Electric, as well as financials Morgan Stanley, Citigroup,...

  • US STOCKS-Wall St little changed after selloff Monday, 13 Oct 2014 | 10:02 AM ET

    The benchmark S&P index slumped 3.1 percent last week to sit just above its support level, the 200- day moving average of around 1,905. The declines were sparked by a cut in the global growth forecast by the International Monetary Fund and disappointing economic data in Europe. Earnings season will pick up this week, with results expected from Dow components...

  • Mercedes' newest lineup     Thursday, 4 Sep 2014 | 7:24 AM ET

    Mike Jackson, AutoNation chairman & CEO, takes a look at Mercedes' latest models and provides his outlook on the economy.

  • AutoNation CEO: Trucks big driver of sales     Thursday, 4 Sep 2014 | 7:17 AM ET

    Mike Jackson, AutoNation chairman & CEO, breaks down the automakers' August sales numbers.

  • AutoNation CEO: Obama still doesn't get it     Monday, 4 Aug 2014 | 7:46 AM ET

    In an interview with CNBC, AutoNation CEO Mike Jackson criticized President Obama's recent comments that corporate leaders "don't have a right" to complain about business regulations.

  • Early movers: KORS, BRK, GS, GM, MSFT, MCD & more Monday, 4 Aug 2014 | 7:37 AM ET
    Traders on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • FOX LAKE, Ill., July 25- The news about deadly crashes linked to a faulty ignition switch, followed by wave upon wave of recalls, did not bode well for General Motors dealers earlier this year. It conjured visions of worried, frustrated drivers pouring onto lots like Raymond Chevrolet, outside of Chicago.

  • UPDATE 1-Luxury vehicle sales boost Asbury's profit Tuesday, 22 Jul 2014 | 7:18 AM ET

    *Profit $1.18/ shr vs est $1.09/ shr. The company, which gets most of its revenue from the sale of luxury and mid-line cars made by BMW, Mercedes-Benz and Honda, said it sold 13 percent more luxury cars at stores opened for at least a year.

  • CNBC contributor Herb Greenberg discusses guidance comments made by AutoNation CEO Mike Jackson and red flags Michael Kors.

  • Malaysian air crash amplifies move to US Treasurys Thursday, 17 Jul 2014 | 4:02 PM ET
    Traders work on the floor of the New York Stock Exchange.

    Treasurys rose as US equities declined on Thursday after reports surfaced that a Malaysian passenger plane had been shot down in Ukraine.