Tag

Autonation

All articles tagged with #autonation

business1 month ago•36 min saved

Florida Woman Wins Auto-Dealership Battle After 25 Months of Inaction

A Florida woman fought Mercedes-Benz of Fort Lauderdale for more than two years after her 2018 Mercedes-Benz E-400 sat idle in the dealership lot for 25 months, with an odometer discrepancy and a bumper zip-tie. An arbitration award ordered the dealership to take the car back, pay damages, and cover some legal costs; a judge upheld the award and the dealer complied only after the court mandated it. The case highlights how arbitration can be costly for consumers and offers practical lessons—obtain an independent inspection before buying, document everything, understand arbitration clauses, and don’t assume dealerships will act on their own timeline.

via Yahoo|

#arbitration #autonation #business

business1 year ago•2 min saved

AutoNation Warns of Profit Hit from CDK Global Cyberattack

AutoNation announced that its second-quarter earnings will be negatively impacted by approximately $1.50 per share due to a recent software outage at CDK Global, a key auto dealer software provider. The outage disrupted AutoNation's dealer management system and other core functions, leading to lost income and additional costs. Despite these challenges, AutoNation expects to restore all systems by the end of July 2024 and does not foresee a material impact on its overall financial condition.

via Fox Business|

#auto-industry #autonation #business

business2 years ago•2 min saved

"American Express Dominates Stock Market with Mixed Q2 Earnings Results"

Scholastic's shares jumped 11.5% after announcing a $100 million increase in its share repurchase amount and posting positive quarterly results. American Express shares slipped 3.9% as the company fell short of revenue expectations but beat earnings per share estimates. Herc dropped 6.5% after being double-downgraded by Bank of America due to the ongoing writers and actors strike in Hollywood. AutoNation tumbled 12.3% despite exceeding expectations in its second-quarter results. Knight-Swift Transportation gained 0.8% despite weaker-than-expected earnings and revenue, while PPG Industries rose nearly 0.3% after posting strong second-quarter results.

via CNBC|

#american-express #autonation #business

business2 years ago•2 min saved

"American Express: Q2 Earnings Beat, Profit Rises, but Shares Fall"

American Express slides 3% after reporting smaller-than-expected revenue for Q2, while AutoNation beats expectations but sees a 3% drop in shares. Sunnova Energy sheds 2% after being downgraded by BMO, CSX falls 4% as it misses revenue expectations, and Capital One Financial rises slightly after posting better-than-expected earnings but missing revenue expectations. PPG Industries declines 2% despite strong Q2 results, and Intuitive Surgical falls 4% due to weaker-than-expected systems revenue. Knight-Swift Transportation drops over 2% after reporting lower-than-expected earnings and issuing weak guidance, while Scholastic rises 6% after beating earnings-per-share expectations and announcing an increase in share repurchase amount.

via CNBC|

#american-express #autonation #business