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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.
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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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U.S. Dollar Declines On Trade Deal Optimism
The U.S. dollar weakened against its major counterparts in the New York session on Friday as investors looked ahead to discussions between the U.S. and China scheduled for this weekend.
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Swiss Market Ends On Positive Note
The Swiss market closed higher on Friday as easing concerns about trade tensions following the announcement of a trade deal between the U.S. and U.K., and upcoming talks between U.S. and China helped keep the mood positive.
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European Stocks Close On Firm Note On Trade Deal Optimism, Earnings
European stocks closed higher on Friday amid optimism about the U.S. and China agreeing on a trade deal this weekend, close on the heels of U.S. President Donald Trump unveiling the framework of a trade agreement with the U.K. on Thursday.
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TSX Modestly Higher On Positive Jobs Data, Earnings Updates
The Canadian market is modestly higher around noon on Friday, riding on gains in communications, energy and materials sectors.
Optimism about the U.S. and China agreeing on a trade deal this weekend, close on the heels of U.S. President Donald Trump unveiling the framework of a trade agreemen
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Bay Street Headed For Positive Start
Firm commodity prices and steady global stocks amid optimism about trade deals point to a positive start for the Canadian market on Friday. Canadian jobs data for the month of April, and corporate earnings updates are also set to make an impact.
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FTSE Up Nearly 0.5% On Easing Tariff Concerns
U.K. stocks are up on Friday, supported by some strong earnings updates, and continued optimism about trade deals.
U.S. President Donald Trump said on Thursday that the meetings with China on trade and economic issues could be "very substantive" and lead to tariff reductions.
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CAC 40 Up 0.75% On Easing Trade Tensions
French stocks are exhibiting strength on Friday, buoyed by news about the U.S. and U.K. agreeing on a trade deal, and the upcoming U.S. - China trade talks this weekend.
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