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
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Ravi Simhambhatla appointed Executive Vice President and Chief Technology and AI Officer at AutoNation. October 3, 2026 Ravi Simhambhatla has been appointed Executive Vice President and Chief Technology and AI Officer at AutoNation, effective October 1, 2026. In his new role, he will lead the company's technology, data science and artificial intelligence agenda. Simhambhatla brings more than 30 years of experience in enterprise technology and digital transformation, with expertise across data, artificial intelligence, cybersecurity, product innovation and customer experience. His career has included senior technology and digital leadership positions across the automotive, aviation, technology and transportation sectors. Prior to joining AutoNation, Simhambhatla served as Executive Vice President and Chief Digital and Innovation Officer at Avis Budget Group. He joined Avis Budget Group in 2022 and led its global technology organisation. In his most recent role, his responsibilities included technology, product, data, engineering, infrastructure and cybersecurity, while also advancing the company's adoption of AI and connected-fleet technology. Before Avis Budget Group, Simhambhatla served as a Managing Director at Google Cloud, where he advised major enterprises on cloud, data and AI transformation. Earlier, he held technology leadership positions at United Airlines, including Vice President and Chief Technology Officer, and previously served as Vice President, Commercial Technology. His earlier career includes senior technology roles at Aer Lingus, Tesla Motors and Virgin America. At Aer Lingus, he served as Chief Technology Officer, while at Tesla he was Vice President of Information Technology. He later served as Chief Information Officer at Virgin America, where he was involved in building the airline's digital and e-commerce platforms. At AutoNation, Simhambhatla will bring this experience to a technology leadership role spanning technology, data science and AI. The appointment comes as the automotive retailer looks to use technology and AI across its business and customer operations. AutoNation CEO Mike Manley said, "Technology, data science, and the intelligent use of AI give us the opportunity to get significantly more from that foundation: to raise the returns on our capital and extend our reach well beyond traditional geographic boundaries." Simhambhatla said, "I am honored to join AutoNation at an important point in the evolution of automotive retail." He added that he looks forward to applying technology and AI in practical ways to make the customer journey easier, equip associates with better tools and insights, and support the company's next phase of growth. With his appointment, Simhambhatla takes on responsibility for AutoNation's technology, data science and AI agenda, bringing more than three decades of experience across enterprise technology, digital transformation, data, AI and cybersecurity to the role. - Advertisement -
AutoNation jumps 5.8% amid sector-wide rally. AutoNation, Inc. surged 5.8% on Thursday to close at $166.65, lifted by a broad rally across the automotive dealership sector. The move came as three of Aut... AlphaStreet Newsdesk powered by AlphaStreet Intelligence AutoNation, Inc. surged 5.8% on Thursday to close at $166.65, lifted by a broad rally across the automotive dealership sector. The move came as three of AutoNation's sector peers posted similar gains, signaling renewed investor confidence in the space. Lithia Motors (LAD) climbed 3.8%, Asbury Automotive Group (ABG) advanced 3.2%, and Group 1 Automotive (GPI) jumped 5.3% in coordinated trading that pushed the entire sector higher. The synchronized rally suggests institutional money is rotating back into automotive retail. AutoNation's 5.8% gain outpaced two of its three major peers, with only GPI posting a stronger performance on the day. The broad-based nature of the move - with all four companies advancing in lockstep - points to sector-wide optimism rather than company-specific news. Trading volume reached 313,017 shares as investors responded to the positive sentiment sweeping through the dealership space. Discover more Company earnings calendar Financial data API Business news aggregator AutoNation now commands a market capitalization of $5.5 billion following Thursday's climb. The company operates as one of the nation's largest automotive retailers, and its stock performance often moves in tandem with broader trends in vehicle sales, financing conditions, and consumer spending patterns. Thursday's rally comes amid heightened trading activity in the automotive dealership sector, though volume data compared to historical averages would provide additional context on the strength of conviction behind the move. Stocks & Bonds The coordinated gains across major dealership operators suggest investors are reassessing the sector's near-term prospects. Whether driven by expectations for stronger vehicle demand, improved inventory conditions, or favorable financing trends, the unified move higher indicates a shift in sentiment that extends beyond any single company's fundamentals. What to Watch: Investors should monitor whether this sector-wide momentum continues or if Thursday's gains represent a one-day rotation. Any upcoming vehicle sales data, interest rate developments affecting auto financing, or management commentary from sector leaders could provide clarity on whether fundamentals support the renewed optimism in automotive dealership stocks. This content is for informational purposes only and should not be considered investment advice. AlphaStreet Intelligence analyzes financial data using AI to deliver fast and accurate market information. Human editors verify content. Discover more Company News
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.