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US: largest car retailer’s profit fails to impress investors


AutoNation Inc., the Fort Lauderdale, Florida-based new-vehicle retailer, said its second quarter profit rose – but it missed analyst estimates because of increased costs. The company’s stock went down 8.2% to $55.82 at the close in New York, the largest dip in five years – since March 2009. The company increased spending on its online sales system – it mulls a ...
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More profit articles

GM’s forecast of profit changes positively
Amid all the news surrounding the findings of the internal review order on the conduct of the company’s 2.6 million cars recalled for a defective ignition switch, the No.1 automaker ...
Opel to buoy profit through General Motors
According to Opel’s Chief Executive, Karl-Thomas Neumann, the loss making business aims to finally make a financial comeback through closer tie-ups with parent company General Motors. The executive said the European ...
Toyota based its European revival on cost slashing and hybrids
According to Didier Leroy, who leads Toyota Europe, the division is now back in the white book thanks to increased hybrid models sales and the fact that across the region’s ...
India’s Tata Motors misses profit estimates
Just like it warned just a day prior to reporting earnings, the parent company of British luxury maker Jaguar Land Rover, posted declining profit – that also missed analyst estimates. Tata ...
Jaguar Land Rover parent warns of profit failure
With the company due to report fourth quarter earnings on the fiscal year ending March 31, Tata Motors, the Indian parent company of premium British automaker JLR has warned of ...
McLaren aims towards extended growth strategy
After outing the spectacular McLaren F1 supercar at the onset of the 1990s and then focusing solely on the Formula 1 activity, the street division of the British automaker has ...
BMW bets big on its electric car brand
Because of ever more stringent limitations on fuel consumption and especially polluting emissions, BMW set up a new low-emission brand with huge costs but long-term profits. Every single automaker – or ...
Nissan’s rising profit triggers share increase
Japan’s second-largest automaker, Nissan, which is led by alliance CEO Carlos Ghosn reported that its profit increase exceeded its own estimates and soon the stock rose to an 11 month ...
Nissan’s profit seen rising, but earnings shrink
Japan’s second largest automaker, Nissan Motor Co has released its forecast for the full fiscal year 2014/15, with the net profit set to increase by 4.1%, which is slightly below ...

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