FORT LAUDERDALE, Fla.,
Aug. 29, 2017 /PRNewswire/ --
AutoNation, Inc. (NYSE: AN), America's largest automotive retailer,
today announced that its Board of Directors has authorized the
repurchase of up to an additional $250
million of AutoNation's common stock. With the increased
authorization, AutoNation has approximately $270 million total Board authorization remaining
for share repurchases as of August 29,
2017. AutoNation has approximately 95 million shares
outstanding as of August 28,
2017.
About AutoNation, Inc.
AutoNation, America's largest
automotive retailer, through its bold leadership, innovation and
its comprehensive brand extensions, is transforming the automotive
industry. As of June 30, 2017,
AutoNation owned and operated 364 new vehicle franchises from coast
to coast. AutoNation has sold over 11 million vehicles, the first
automotive retailer to reach this milestone. AutoNation's success
is driven by a commitment to delivering a peerless experience
through customer-focused sales and service processes. Through its
Drive Pink initiative, AutoNation is committed to drive out cancer,
create awareness and support critical research. AutoNation
continues to be a proud supporter of the Breast Cancer Research
Foundation and other cancer-related charities.
Please visit investors.autonation.com, www.autonation.com,
www.autonationdrive.com, www.twitter.com/autonation,
www.twitter.com/CEOMikeJackson, www.facebook.com/autonation, and
www.facebook.com/CEOMikeJackson, where AutoNation discloses
additional information about the Company, its business, and its
results of operations.
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SOURCE AutoNation, Inc.