Nucor earnings beat by $0.08, revenue fell short of estimates
FORT LAUDERDALE, Fla. - AutoNation, Inc. (NYSE: AN), a leading automotive retailer in the United States with a market capitalization of $6.5 billion, announced the appointment of Jeremy Tucker as the new Chief Marketing Officer (CMO). According to InvestingPro analysis, AutoNation is currently trading above its Fair Value, while maintaining its position as a prominent player in the Specialty Retail industry. Effective today, Tucker joins the Senior Leadership Team and will report directly to CEO Mike Manley.
Tucker arrives at AutoNation with a distinguished background in marketing leadership positions across several renowned consumer brands. His career highlights include spearheading new entertainment franchises and driving brand growth at Spin Master as the EVP, Global CMO, and Chief Franchise Officer. Tucker also played a pivotal role in digital transformation and membership growth as CMO at Planet Fitness. His tenure at Nissan Motor Company saw innovative marketing campaigns that contributed to years of market share growth, and at The Walt Disney Company, he was instrumental in repositioning the Disney Princess mega franchise. Tucker joins AutoNation as the company maintains strong financial metrics, with InvestingPro data showing a P/E ratio of 9.7 and annual revenue of $26.8 billion.
CEO Mike Manley expressed confidence in Tucker’s ability to further AutoNation’s customer outreach and brand loyalty, citing his track record of fostering high-performing teams and delivering innovative marketing strategies. Tucker’s appointment follows the departure of Rich Lennox, who served as AutoNation’s CMO for two years.
Tucker expressed his eagerness to contribute to AutoNation’s ongoing innovation and excellence, and to connect with customers in meaningful ways. His educational credentials include bachelor’s degrees in Business Administration and Fine Art from Louisiana State University, and an MBA from Southern Methodist University.
AutoNation is recognized for its comprehensive automotive services, including sales of new and used vehicles, customer financing, and maintenance and repair services. The company has also demonstrated a commitment to social causes, raising over $40 million for cancer-related initiatives through DRV PNK. With earnings of $16.92 per share in the last twelve months and analysts forecasting $18.04 for the upcoming fiscal year, investors can access detailed financial analysis and additional insights through InvestingPro’s comprehensive research reports, available for over 1,400 US stocks.
This leadership change is part of AutoNation’s strategic efforts to evolve its consumer reach and maintain its position as one of the largest automotive retailers in the U.S. The information in this article is based on a press release statement from AutoNation, Inc.
In other recent news, AutoNation Inc. reported fourth-quarter 2024 results that exceeded analyst expectations, with adjusted earnings per share of $4.97, surpassing the consensus estimate of $4.24. The company also reported revenue of $7.21 billion, which outperformed estimates of $6.67 billion, marking an 8% year-over-year increase on a same-store basis. New vehicle same-store unit sales rose 12%, and used vehicle same-store gross profit increased by 14%. In addition, AutoNation’s After-Sales and Customer Financial Services segments demonstrated strength, with same-store gross profit growth of 5% and 6%, respectively. Analysts at Jefferies raised AutoNation’s price target to $190 from $165, citing strong new vehicle sales and a positive sales volume trajectory. Stephens analysts also increased the price target to $200 from $195, following the company’s earnings beat. S&P Global Ratings assigned a ’BBB-’ rating to AutoNation’s proposed senior unsecured notes due 2035, viewing the debt issuance as leverage neutral. The company plans to use the proceeds to pay down outstanding commercial paper and for general corporate purposes.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.