AutoNation Acquires 6.1% Ownership Stake In TrueCar

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AutoNation Acquires 6.1% Ownership Stake In TrueCar

(RTTNews) - Automotive retailer AutoNation, Inc. (AN) announced Tuesday its acquisition of an approximately 6.1% minority ownership stake in TrueCar, Inc. (TRUE), a leading automotive digital marketplace that lets auto buyers and sellers connect to its nationwide network of Certified Dealers.

AutoNation's decision to invest in TrueCar signals the company's continued commitment to emerging technologies and its constant focus on providing peerless Customer experiences.

TrueCar provides an end-to-end, transparent and efficient way for consumers to navigate the car-buying journey.

टैग: AN
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AutoNation Q4 Results Top Estimates

AutoNation Q4 Results Top Estimates

Automotive retailer AutoNation, Inc. reported on Friday that profit for the fourth quarter declined 26 percent from last year, hurt by higher costs and expenses, despite 2 percent revenue growth. However, adjusted earnings per share and quarterly revenues topped analysts' expectations.
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Asian Markets Trade Mostly Higher

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Australian Market Notably Higher

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Lower Open Likely For China Stock Market

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