Dollar Thrifty Automotive Group

Asbury Automotive Group Approves New Stock Repurchase Authorization of $250 Million

Retrieved on: 
Friday, May 26, 2023
Retail, Other Automotive, General Automotive, Automotive, Specialty, Growth, Asbury Automotive Group, NYSE, Dollar Thrifty Automotive Group, Bank

Asbury Automotive Group, Inc. (NYSE: ABG) (the “Company”), one of the largest automotive retail and service companies in the U.S., today announced its board of directors approved a new authorization to repurchase up to $250 million shares of the Company’s common stock.

Key Points: 
  • Asbury Automotive Group, Inc. (NYSE: ABG) (the “Company”), one of the largest automotive retail and service companies in the U.S., today announced its board of directors approved a new authorization to repurchase up to $250 million shares of the Company’s common stock.
  • We fully exhausted our authorization under our prior stock repurchase program opportunistically.
  • Year-to-date 2023, the Company has repurchased approximately 1.1 million shares for approximately $211 million.
  • The Company has no remaining availability to repurchase shares of common stock under the previously announced stock repurchase program.

LKQ Corporation Announces Results for First Quarter 2023

Retrieved on: 
Thursday, April 27, 2023
Specialty, Self-service, Senior, Segment, O'Reilly Auto Parts, LKQ Corporation, US, EBITDA, Acquisition, Dollar Thrifty Automotive Group, Growth, LKQ, Retail, Video game, Wholesaling

Operating cash flow of $223 million; free cash flow1 of $153 million

Key Points: 
  • Operating cash flow of $223 million; free cash flow1 of $153 million
    Entered definitive agreement to acquire Uni-Select Inc.
    CHICAGO, April 27, 2023 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq:LKQ) today reported first quarter 2023 financial results.
  • Net income2 for the first quarter of 2023 was $270 million as compared to $269 million for the same period in 2022.
  • Cash flow from operations and free cash flow1 were $223 million and $153 million, respectively, for the first quarter of 2023.
  • During the first quarter of 2023, the Company invested $5 million to repurchase 0.1 million shares of its common stock.

LKQ Corporation Enters Into Definitive Agreement to Acquire Uni-Select Inc.

Retrieved on: 
Monday, February 27, 2023
Stikeman Elliott, Select or special committee (United States Congress), Wells Fargo, Telephone, Latham & Watkins, TSX, ID, Transaction, Committee, TD, Model Business Corporation Act, Hand, Investment Canada Act, Wachtell, Lipton, Rosen & Katz, Bank of America, Acquisition, BofA Securities, Webcast, Dollar Thrifty Automotive Group, EPS, Bank, Paint, Growth, LKQ, Central Time, RBC Capital Markets, SEDAR, UNS, Linklaters, LKQ Corporation, Arrangement, TD Securities, US, Security (finance), Plastics, Management

We look forward to welcoming Uni-Select’s employees to the LKQ team.

Key Points: 
  • We look forward to welcoming Uni-Select’s employees to the LKQ team.
  • LKQ expects the Transaction to be accretive to its Adjusted EPS in the first year following closing.
  • LKQ intends to fund the Transaction through a combination of cash on hand and new debt.
  • A copy of the Arrangement Agreement will be publicly filed by LKQ at www.sec.gov and Uni-Select under its profile at www.sedar.com.

Asbury Automotive Group Increases Share Repurchase Authorization to $200 Million

Retrieved on: 
Thursday, January 26, 2023
Insurance, Aftermarket, Finance, Automotive, General Automotive, Banking, Professional Services, Other Automotive, Fleet Management, Share repurchase, NYSE, Asbury Automotive Group, Dollar Thrifty Automotive Group, Bank

Asbury Automotive Group, Inc. (NYSE: ABG) (the “Company”), one of the largest automotive retail and service companies in the U.S., today announced its board of directors increased the Company’s common stock repurchase authorization by $108 million to a total of $200 million.

Key Points: 
  • Asbury Automotive Group, Inc. (NYSE: ABG) (the “Company”), one of the largest automotive retail and service companies in the U.S., today announced its board of directors increased the Company’s common stock repurchase authorization by $108 million to a total of $200 million.
  • For full year 2022, the Company repurchased approximately 1.6 million shares of its common stock for $287 million.
  • Year-to-date 2023, the Company also repurchased approximately 115,000 shares for $20 million.
  • The program does not require the Company to repurchase any specific number of shares, and may be modified, suspended or terminated at any time without further notice.

Step One Automotive Group Sponsors Healing Paws for Warriors Service Dog

Retrieved on: 
Thursday, January 26, 2023
Step One, Social media, Dollar Thrifty Automotive Group, Hospital, Warrior, Marketing

FORT WALTON BEACH, Fla., Jan. 26, 2023 (GLOBE NEWSWIRE) -- Step One Automotive Group, through Healing Paws for Warriors, is sponsoring a service dog that will later be matched with a veteran in need.

Key Points: 
  • FORT WALTON BEACH, Fla., Jan. 26, 2023 (GLOBE NEWSWIRE) -- Step One Automotive Group, through Healing Paws for Warriors, is sponsoring a service dog that will later be matched with a veteran in need.
  • In addition to the highly anticipated reveal of Liberty's name, Step One Automotive Group presented a $6,000 check to support Healing Paws for Warriors.
  • - Maureen Bierman, Director of Marketing, Step One Automotive Group
    Healing Paws for Warriors Executive Director & Co-Founder Mike Arena explained the critical need for strong community partnerships, "Our program could not exist without businesses like Step One."
  • Learn more about Healing Paws for Warriors at www.healingpawsforwarriors.org .

Step One Automotive Group Announces 25 Days of Giving Across AL, FL, and GA

Retrieved on: 
Wednesday, November 30, 2022
Gilliard, Dodge, Jeep, Chrysler, Kia, Buick, City, Dollar Thrifty Automotive Group, GMC, Volkswagen, Hyundai, Ford Motor Company, Alfa Romeo, Maserati, Motor vehicle, Veteran, Subaru, Genesis, Cadillac, Nissan

Step One Automotive Group owns 20 new car dealerships in Florida, Alabama, and Georgia, representing 17 brands, including Chrysler, Dodge Jeep, Ram Fiat, Volkswagen, Subaru, Kia, Hyundai, Nissan, Genesis, Ford, Buick, GMC, Cadillac, Alfa Romeo, and Maserati.

Key Points: 
  • Step One Automotive Group owns 20 new car dealerships in Florida, Alabama, and Georgia, representing 17 brands, including Chrysler, Dodge Jeep, Ram Fiat, Volkswagen, Subaru, Kia, Hyundai, Nissan, Genesis, Ford, Buick, GMC, Cadillac, Alfa Romeo, and Maserati.
  • Step One Automotive Group also owns two standalone pre-owned operations, three wholesale parts operations, and one rental car operation.
  • Out of 18,000 dealerships in the United States, Step One ranks in the top 90 dealer groups in the United States and the top 10 in Florida.
  • Step One employs 787 team members across three states and six cities.

Amsted Automotive Group Celebrates 100th Anniversary of Means Industries and Its Industry-Leading Clutch Technologies

Retrieved on: 
Tuesday, October 25, 2022
120th Infantry Brigade (United States), Efficiency, Dollar Thrifty Automotive Group, Solution, OEM, Technology, Tier 1, Industry, EV, SMW, Sport utility vehicle, Engineering, Rail transport

The company is supplying the EV market with efficient, multi-functional clutch technologies

Key Points: 
  • The company is supplying the EV market with efficient, multi-functional clutch technologies
    Burgess-Norton, also an Amsted Automotive Group business unit, will commemorate 120 years in 2023
    SOUTHFIELD, Mich., Oct. 25, 2022 /PRNewswire/ --Amsted Automotive celebrates a prominent milestone: the 100-year anniversary of group company Means Industries, which was established in 1922.
  • Amsted Automotive Group company Burgess-Norton Manufacturing, founded in 1903, will celebrate its 120th anniversary in 2023.
  • Amsted Automotive Group was formed in 2021 when Amsted Industries merged two of its core Tier 1 automotive supply business units, Means Industries and Burgess-Norton.
  • Amsted Automotive Group quickly found itself at the forefront of cutting-edge EV driveline technology, notably its proprietary DCC Disconnect system.

AmeriDrive Partners with HyreCar on $100M Revolving Line of Credit Joint Venture to Grow its Fleet and Geographic Footprint

Retrieved on: 
Tuesday, September 20, 2022
Mercedes, Ridesharing, Hertz, Growth, Partnership, Dollar Thrifty Automotive Group, CEO, Technology, Now That's What I Call Music! discography, NASDAQ, Mobility as a service, Mercedes-Benz, GLOBE, Car rental

HyreCar, Inc. and AmeriDrive recently announced closing a $100 million warehousing line of credit with a premier global investment bank and Medalist Partners.

Key Points: 
  • HyreCar, Inc. and AmeriDrive recently announced closing a $100 million warehousing line of credit with a premier global investment bank and Medalist Partners.
  • Under the agreement, AmeriDrive will use this facility to purchase vehicles for exclusive listing on the HyreCar platform.
  • Through the new warehouse line of credit, AmeriDrive anticipates opening 40 more locations with a footprint in markets across the United States over the next 18 months.
  • "We are excited about growing our fleet and geographic footprint over the next 18 months," said Carlos Hernandez, CEO of AmeriDrive.

Ontario International Airport doubles in-house advertising and partnership revenues during pandemic

Retrieved on: 
Tuesday, August 30, 2022
ONT, Partnership, University, Food, CEO, Advertising, Airport, Ontario International Airport, Commissioner, Awareness, Dollar Thrifty Automotive Group, City, Board, Air travel, Fuse, Claremont Graduate University, Automotive industry, Joint powers authority, OIAA, Audi, Organization, Multimedia, Ontario International Airport Authority, Global Travel Taskforce, Instagram, Inland Empire, County, Television, Barclays, Twitter, Weather, Fox 11, Porsche, Founder, Walter's, Cambridge, Ontario City Council, Marketing, Sutro, Airline, Facebook

ONTARIO, Calif., Aug. 30, 2022 /PRNewswire/ -- Annual revenues generated by in-house advertising and partnership programs at Ontario International Airport (ONT) doubled to $1.6 million in the past 18 months, and the trend is expected to continue as demand for air travel in Southern California surges.

Key Points: 
  • ONTARIO, Calif., Aug. 30, 2022 /PRNewswire/ -- Annual revenues generated by in-house advertising and partnership programs at Ontario International Airport (ONT) doubled to $1.6 million in the past 18 months, and the trend is expected to continue as demand for air travel in Southern California surges.
  • The OIAA also secured a two-year, $100,000 partnership with University of California Riverside Health to improve airport nursing rooms.
  • Airport personnel expanded advertising space with the wrapping of the interior of a jet bridge, water stations and nursing rooms, among other spaces.
  • Ontario International Airport (ONT) is the fastest growing airport in the United States, according to Global Traveler, a leading publication for frequent fliers.

Susan G. Komen® MORE THAN PINK Walk Raises Money for Cutting-Edge Breast Cancer Research

Retrieved on: 
Wednesday, August 24, 2022
Meadow Farm, Ohio, Freedom Plaza, Breast cancer, DMV, Research, United Arab Emirates, Embassy of the United Arab Emirates, Washington, D.C., Dollar Thrifty Automotive Group, Walking, Emcee N.I.C.E., State, THAN, Susan, Patient, Birth control, WASH-FM

WASHINGTON, Aug. 24, 2022 /PRNewswire/ -- Susan G. Komen , the world's leading breast cancer organization, will hold an in-person MORE THAN PINK Walk to raise critical funds that support breast cancer patients and advance research that brings us closer to the cures.

Key Points: 
  • WASHINGTON, Aug. 24, 2022 /PRNewswire/ -- Susan G. Komen , the world's leading breast cancer organization, will hold an in-person MORE THAN PINK Walk to raise critical funds that support breast cancer patients and advance research that brings us closer to the cures.
  • The Walk will be held on Sunday, Sept. 18, 2022, at Freedom Plaza.
  • "We look forward to creating a community for anyone impacted by breast cancer as we gather, in person, for this year's Walk.
  • Komen is pleased to welcome returning sponsors this year: Embassy of the United Arab Emirates,
    Brown's Automotive Group, WTOP News Radio, WASH-FM and Meadows Farms.