Some of the names on the move ahead of the open.
The data show that a recovery in the auto industry is currently underway and the American consumer won't be paralyzed by dysfunction in Washington, the CEO of Autonation.
Mike Jackson, Chairman & CEO of AutoNation, breaks down the numbers on another month of impressive sales.
Mike Jackson, AutoNation chairman & CEO, weighs in on the company's fiscal fourth quarter, and discusses a new branding plan.
Take a look at some of Friday's midday movers:
Mike Jackson, AutoNation chairman & CEO, discusses his company's robust sales numbers and what it says about the state of the auto industry. "The American consumer is moving on with their life," Jackson added.
Take a look at some of Tuesday's morning movers.
Mike Jackson, Chairman & CEO of AutoNation, talks about his company's acquisition of several dealerships in Dallas.
"If we go over the fiscal cliff there is no question in my mind we will have a recession," said Mike Jackson, AutoNation chairman & CEO, explaining how the threat of the nation's looming deficit problem will impact his company and the U.S. economy.
DETROIT, Oct 25- AutoNation Inc, the largest U.S. automotive retailer, posted slightly lower than expected third-quarter earnings and revenue on Thursday and its shares fell more than 7 percent. In an interview, Chief Executive Mike Jackson said the earnings miss was due to AutoNation buying back fewer shares than expected.
Shares of AutoNation Inc. and Group 1 Automotive Inc. fell sharply Thursday, even as the companies' results met the forecasts of analysts surveyed by FactSet. AutoNation shares dropped $2.11, or 4.4 percent, to $45.93 in afternoon trading. AutoNation's profit of 66 cents per share matched Wall Street estimates, as did Group 1' s bottom line of $1.32 per share.
AutoNation Inc. CEO Mike Jackson said people who held onto their cars through the Great Recession in 2008 and 2009 now have to make a choice between sinking thousands into repairing old vehicles or buying new ones.
DETROIT-- AutoNation Inc., the country's largest auto dealership chain, said Thursday that its third-quarter net income rose more than 15 percent as it benefited from the continued rebound in U.S. new-car sales. The Fort Lauderdale, Fla., company said it earned $81.6 million, or 66 cents per share, in the quarter ended Sept. 30.
Take a look at some of Wednesdays morning movers.
*Announces September 2012 retail new vehicle unit sales of 22,982. *Says September 2012 retail new vehicle unit sales increased 23% versus. *Says third quarter 2012 retail new vehicle sales increased 22% versus the.
Mike Jackson, AutoNation chairman and CEO, discusses his company's 23 percent jump in sales last month and what it indicates about consumer confidence.
U.S.-traded shares of Toyota Motor Corp. were slipped 22 cents to $76.85 although Japan's largest automaker said sales rose 42 percent. Honda Motor Co. sales rose 31 percent but its shares dropped a penny to $30.58. Nissan Motor Co. shares rose 11 cents to $16.84 although September sales declined by 1 percent.
The fundamentals of the automotive business are strong, and sales of new vehicles have hit a trough, AutoNation CEO Mike Jackson tells CNBC’s “Squawk Box.”
Take a look at some of Thursday’s morning movers.