AN Stock Recent News

Mike Manley, the British CEO of Florida-based AutoNation, is contemplating intervening in the £500 million acquisition of Pendragon Group (LSE:PDG) PLC, the UK's second-largest car dealer, according to the Sunday Times. AutoNation, which previously had a 32p-a-share bid rejected, is said to have the financial capacity to offer up to 38p-a-share, potentially outbidding the current front-runner, American firm Lithia Motors.

Pendragon buyout war intensifies as AutoNation (AN) makes an offer to acquire the company for a substantial sum of approximately ??447 million in cash.

Pendragon PLC is considering a third option after AutoNation entered to fray to buy the Nottingham-based car dealership. Shares jumped 11% to 33p following the development which came after the market close on Tuesday and ahead of half-year results today.

AutoNation Inc. AN, +0.50% confirmed Tuesday it made a non-binding proposal to buy U.K. car-dealer chain Pendragon PLC PDG, +2.23%, and added that it had not consented to Pendragon making the proposal public. In a filing with the Securities and Exchange Commission, AutoNation said it did a non-binding preliminary proposal of 32 pence per share offer for Pendragon, which would not require board approval.

The United Auto Workers' strike got underway just after midnight. Investors parked funds in stocks not directly affected by the labor action.

The UAW, or United Auto Workers, is a prominent labor union in the United States that primarily represents workers in the automotive and related industries. Founded in 1935, the UAW is one of the largest labor unions in the country and has nearly one million members.

LKQ's Q2 earnings beat estimates but remain flat year over year. Meanwhile, revenues top the mark as well as increase year over year.

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AutoNation (AN), Suzano (SUZ), Lockheed Martin (LMT), Nexstar Media (NXST) and CNH Industrial (CNHI) are some of the stocks with high ROE to profit from on a rare market rally.

AutoNation, Inc. (NYSE:AN ) Q2 2023 Earnings Conference Call July 21, 2023 9:00 AM ET Company Participants Derek Fiebig - Vice President, Investor Relations Mike Manley - Chief Executive Officer Joe Lower - Chief Financial Officer Conference Call Participants John Murphy - Bank of America Daniel Imbro - Stephens Rajat Gupta - JPMorgan Michael Ward - The Benchmark Colin Langan - Wells Fargo Bret Jordan - Jefferies David Whiston - Morningstar Operator Good morning. My name is Ellen, and I'll be your conference operator for today.