AutoNation operates a nationwide network of more than 300 locations that sell and service vehicles for individual customers and businesses. The company has sold over 14 million vehicles to date and earns revenue from vehicle sales as well as service and maintenance offerings. Its model emphasizes customer-focused sales and service processes to deliver a strong buying and ownership experience. AutoNation differentiates itself by leveraging scale and an integrated sales-and-service platform across many locations, enabling consistent customer service and convenience, and by maintaining a visible commitment to social responsibility through the Pink Plate initiative, which has contributed over $40 million to cancer research and awareness. The company’s goal is to provide convenient, reliable car buying and maintenance experiences while supporting cancer research and awareness through its charitable program.
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Fort Lauderdale, Florida
Founded
1996
See people who can refer or advise you
Help us improve and share your feedback! Did you find this helpful?
Health Insurance
Dental Insurance
Vision Insurance
401(k) Company Match
401(k) Retirement Plan
Why is Carvana stock sliding today? Published Sep 28, 2026, 11:15 AM (C) Reuters. Investing.com - Carvana Co. stock slid 5.7% in morning trading to trade at $61.33, pressured by a toxic mix of unresolved company-specific overhang and a risk-off session across U.S. equity markets, with no fresh positive catalyst available to stem the selling. The move pushes shares closer to their 52-week low of $54.46, a level that underscores just how far the stock has retreated from its 52-week peak of $97.38 reached in January 2026. The most persistent cloud over Carvana in 2026 has been a federal investigation into billionaire Mark Walter, who indirectly controls a meaningful stake in the company's Class B common stock. Prosecutors and the SEC have been scrutinizing whether certain financial relationships were concealed while billions moved through insurance entities tied to his empire, stoking investor fears about potential forced liquidation of his Carvana position. Separately, a short-seller report earlier in the year alleging accounting irregularities tied to related-party transactions triggered a securities fraud investigation, further eroding confidence in the stock. On the macro front, the broader market is under pressure today, with the S&P 500 off 0.8%, the Dow down 0.7%, and the Nasdaq declining 0.9%. For a stock with a beta as elevated as Carvana's - historically ranging between 2.8 and 3.5 - a down day for the major indices tends to translate into an outsized decline. The consumer discretionary sector, where Carvana competes alongside peers such as CarMax and AutoNation, has broadly underperformed the market in 2026 amid concerns about high interest rates squeezing demand for large-ticket purchases like used vehicles. -4.59 (-7.06%) Closed · 15:59:59 · USD +0.33 (+0.55%) After Hours · 15:15:45 Start trading CVNA now Taken together, today's decline reflects the compounding effect of a high-beta stock carrying unresolved legal and regulatory risk into a weak tape. With the next earnings report expected around late October 2026, investors appear reluctant to add exposure ahead of what could be a pivotal quarter for management to reassure the market, leaving CVNA vulnerable to further selling pressure in the near term. Where's the stop-loss on CVNA? Most traders can read a chart. The hard part is committing: the entry window is open, the pattern is forming, and you're still waiting for confirmation. Our Vision AI literally sees your CVNA chart and returns a complete trade plan - entry, stop-loss, and profit target - in under 60 seconds. Stop guessing where the stop goes.
AutoNation celebrates 10 years of DRV PNK with $1 million in new cancer grants and more than $50 million raised and donated nationwide. September 23, 2026 at 16:15 PM EDT i This article is third-party content and does not represent the views of this site. Tamar Securities, LLC make no guarantees regarding its accuracy or completeness. AutoNation is investing an additional $1 million through 10 grants of $100,000 each to organizations advancing cancer research and patient support Together with more than 20,000 Associates nationwide, AutoNation, Inc. (NYSE: AN) celebrates a decade of DRV PNK and more than $50 million raised and donated to drive out cancer. To commemorate these milestones, AutoNation announced an additional $1 million investment through 10 grants of $100,000 each to 10 longtime partners advancing cancer research and supporting patients, survivors, and caregivers. Over the past decade, DRV PNK has evolved into a defining part of AutoNation's culture, uniting Associates, customers, vendors, and nonprofit partners in the fight against cancer. Mike Manley, AutoNation CEO, presenting a $1 million donation to longtime nonprofit partners advancing research and patient support. Photo credit: Taylor Smith/Blue Eye Images The 10 grants were announced at AutoNation's headquarters in Fort Lauderdale during DRV PNK Across America Day. The annual tradition brings together thousands of Associates to assemble and hand-deliver Totes for Hope care bags to pediatric and adult patients living with cancer at partner hospitals and organizations nationwide. To date, Associates have contributed more than 7,500 volunteer hours packing and delivering more than 40,000 Totes for Hope, filled with comfort items for patients and families. "Ten years ago, we set out to make a difference in the fight against cancer, but DRV PNK has become much more than a fundraising effort," said Mike Manley, Chief Executive Officer at AutoNation. "It has become part of our culture because thousands of Associates have made this cause part of their everyday lives. Across our network of more than 300 locations, they are fundraising, volunteering their time, and supporting patients and their families in their communities. The additional $1 million grant funding reflects both our commitment to advancing cancer research and care, and the passion our Associates continue to bring to this cause every day." Manley joined AutoNation Associates and guests to present the grants to 10 longtime partners advancing cancer research and patient support: * American Cancer Society * Breast Cancer Research Foundation * Cleveland Clinic Florida * CURE Childhood Cancer * Moffitt Cancer Center * National Pediatric Cancer Foundation * Phoenix Children's Hospital * Providence St. Jude Medical Center * Sylvester Comprehensive Cancer Center * Wipe Out Kids Cancer These grants will support new and expanded programs spanning cancer research, education, prevention, and direct support for patients, survivors, and families. Funding will help accelerate early-career research, expand access to genetic counseling and integrative therapies, provide free transportation to treatment, and address food insecurity among families impacted by pediatric cancer. DRV PNK has funded more than 170,000 hours of breast cancer research and inspired more than one million individual customer donations. Associates across the Company's nationwide network of over 300 locations volunteer thousands of hours year-round, organizing and participating in community races, golf tournaments, supply drives, and holiday-themed events to raise funds and support patients and families. AutoNation's community outreach focuses on three key areas: health, fighting cancer through DRV PNK; youth empowerment, with an emphasis on career pathways; and education, with an emphasis on financial literacy. To learn more about DRV PNK, visit autonation.com/its-purpose/drive-pink. About AutoNation, Inc. AutoNation, one of the largest automotive retailers in the United States, offers innovative products and exceptional services as part of a portfolio of comprehensive solutions for its customers and their automotive needs. With a nationwide network of dealerships strengthened by a recognized brand, Tamar Securities, LLC offer a wide variety of new and used vehicles, customer financing, parts, and expert maintenance and repair services. Through DRV PNK, Tamar Securities, LLC has raised and donated over $50 million for cancer-related causes, demonstrating its commitment to making a positive difference in the lives of its Associates, Customers, and the communities Tamar Securities, LLC serve. Please visit www.autonation.com, investors.autonation.com, newsroom.autonation.com, and www.x.com/autonation, where AutoNation discloses additional information about the Company, its business, and its results of operations. Contacts. Report this content If you believe this article contains misleading, harmful, or spam content, please let Tamar Securities, LLC know.
AutoNation has expanded its revolving credit facility to $2.0 billion from $1.9 billion and extended the maturity date to September 2031. The US automotive retailer amended its unsecured credit agreement with JPMorgan Chase Bank and other lenders on 14 September. The revised facility doubles the accordion feature limit to $1.0 billion whilst maintaining existing leverage and interest coverage covenants. Commitment fees and loan margins remain the same or lower than previous terms. The changes are designed to strengthen AutoNation's capital structure and provide greater capacity to fund growth initiatives, including potential material acquisitions. The extended term and improved pricing may support the company's competitive position in the automotive retail industry over the next five years.
Dave & Buster's bets on simpler marketing to boost visits. The eatertainment chain is consolidating behind an "evergreen value message" in hopes of becoming more top of mind for customers. September 15, 2026 Dave & Buster's wants to clean up its marketing calendar as it looks to end a lengthy streak of same-store sales declines. In the quarter ended Aug. 4, same-store sales fell 2.9% at the eatertainment chain, marking its 14th straight quarter of negative same-store sales. The lower sales contributed to a net loss of $12.5 million, compared to net income of $11.4 million a year ago, surprising investors. Dave & Buster's stock plummeted nearly 20% on Tuesday. Still, the top line was an improvement over the previous quarter, when same-store sales were down 5.4%. And same-store sales got better as the quarter progressed, from negative 5% in June to negative 1.6% in July. New CEO Darin Harper pointed to the recent momentum as proof that the chain's back-to-basics strategy is working. Devised by previous CEO Tarun Lal, who abruptly retired last month, the strategy is focused on marketing, food and beverage, games, and operations. At the same time, Harper also highlighted a few areas that Dave & Buster's needs to adjust, starting with marketing. Despite brand awareness of 90%, consumers are still not consistently choosing Dave & Buster's for their food-and-games outings, he said. He said the chain's marketing calendar has become too busy and difficult for consumers to follow, and some recent promotions, like unlimited gaming passes for summer, have fallen flat. He also noted that Dave & Buster's had gone more than a year without a CMO before hiring Jeremy Tucker, former CMO of AutoNation, in June. Under new leadership, Dave & Buster's will consolidate its marketing behind an "evergreen value message," highlighting things like its Eat & Play Combos and half-price games on Wednesday and Sunday. It will also tie more marketing to "seasonal and cultural" events such as the World Cup, which drove incremental sales over the summer. "What you're likely going to see is less big, disconnected tentpole campaigns and a greater focus on tapping into these seasonal, cultural moments," Harper said. It hopes these efforts will help make the brand a more obvious choice for consumers. Dave & Buster's other big challenge has been getting customers who do visit to play more games. Total games revenue fell about 9% year over year in the quarter, even as food and beverage revenue rose about 9%. The chain has invested in bringing new and exciting games to the floor, adding 10 games so far this year, many tied to popular IP like "Star Wars' The Mandalorian and Grogu" and "Stranger Things." It has also lowered game prices and simplified the pricing for its gaming passes. This resulted in a 16% to 20% increase in gameplay, and though customers are spending about the same amount of money, it is hopefully translating to a better value perception and more food and beverage sales, Harper said. The company also plans to capitalize on consumer interest in collectibles by adding new merchandise to its claw machines and other parts of the gaming floor. "We have very high confidence that [the gaming] experience is still very sought after, but we have to innovate more and we have to be more relevant for the guest," Harper said. Food has been the bright spot for Dave & Buster's. Food and beverage same-store sales were up 7.6% last quarter, their fifth consecutive quarter of growth, thanks to menu improvements and the Eat & Play combo, which gives customers a $4.99 entree when they buy a gaming pass of $10 or more. Meanwhile, the company is looking to shore up the bottom line, which suffered from both revenue declines and a series of abnormalities in the quarter. A cost-cutting initiative has already identified $15 million in savings to be realized over the next 12 months and Dave & Buster's believes it can double that figure. Executives said savings will come from non-customer-facing items like sunsetting incomplete IT projects, negotiating better insurance premiums, and using its buying power to move from regional services to national ones for things like janitorial. In the quarter, adjusted earnings before interest, taxes, appreciation, and amortization declined by $31 million, to $98.9 million, from $129.8 million in the same quarter a year ago. Besides lower revenue, several one-time items contributed to the dropoff, including lapping a $10 million non-cash deferral adjustment from last year; $3 million in higher than normal pre-opening expenses; and about $2 million of non-normalized growth and insurance expenses. Total revenue was $544.1 million, a 2.4% decline year over year. Adjusted free cash flow was positive $19.5 million for the six months ended Aug. 4, compared to negative $36.5 million through the end of the same period last year. Dave & Buster's opened six new U.S. locations in the quarter for a total of seven this year, and expects to open four more in the second half of the year. It now has 184 Dave & Buster's and 66 Main Event locations. Senior editor, Restaurant Business Joe Guszkowski is a senior editor with Restaurant Business covering technology and casual-dining chains. Subscribe Nation's Restaurant News Newsletters
AutoNation reported second-quarter 2026 adjusted earnings per share of $5.56, up from $5.46 a year earlier, marking its sixth consecutive quarter of year-over-year EPS growth. Total revenue was $6.93 billion, down from $6.97 billion in the prior-year quarter. After-sales operations delivered record gross profit of $607 million, driven by 7% growth in customer-pay revenue and 16% increase in wholesale parts revenue. AutoNation Finance generated record profit of $11 million as its portfolio expanded 52% to $2.67 billion. The company deployed $900 million of capital through June, including $457 million in share repurchases and $317 million for acquisitions expected to add approximately $600 million in annual revenue. Management expects second-half EPS growth supported by after-sales, customer financial services and share buybacks.