AutoNation

Agora Data Welcomes Becky Chernek, Bolstering F&I Expertise in Subprime Automotive Finance Solutions

Retrieved on: 
Tuesday, April 9, 2024
Pedigree, Automotive Dealership Institute, Organization, Platform, NADA, AutoNation, Insurance, Senior, Becky, Retail

With a distinguished background in finance and insurance (F&I), Becky brings invaluable expertise to Agora Data, offering a proven perspective on optimizing dealership operations and profitability.

Key Points: 
  • With a distinguished background in finance and insurance (F&I), Becky brings invaluable expertise to Agora Data, offering a proven perspective on optimizing dealership operations and profitability.
  • Her thoughtful insights empower dealers to explore innovative approaches to mitigate lost profits and unlock new revenue streams.
  • "Agora Data is fundamentally reshaping the landscape for auto dealers, providing turnkey financing solutions that drastically enhance dealers' revenue streams," said Becky Chernek, Area Sales Manager at Agora Data.
  • Agora is leading the charge in reshaping automotive finance, helping dealers not only preserve their profits but thrive even as margins tighten.

AutoNation Announces First Quarter 2024 Earnings Conference Call and Audio Webcast Scheduled for Friday, April 26, 2024

Retrieved on: 
Monday, April 8, 2024
Telephone, AutoNation, Conference

FORT LAUDERDALE, Fla., April 8, 2024 /PRNewswire/ -- AutoNation, Inc. (NYSE: AN), today announced that it will release its financial results for the first quarter ended March 31, 2024, on Friday, April 26, 2024, before the market opens.

Key Points: 
  • FORT LAUDERDALE, Fla., April 8, 2024 /PRNewswire/ -- AutoNation, Inc. (NYSE: AN), today announced that it will release its financial results for the first quarter ended March 31, 2024, on Friday, April 26, 2024, before the market opens.
  • AutoNation management will discuss these results and other information regarding the Company during a conference call and audio webcast that same day at 9:00 a.m. Eastern Time.
  • The conference call may be accessed by telephone at 833-470-1428 (Conference ID: 758921) or on AutoNation's investor relations website at investors.autonation.com .
  • The webcast will also be available on AutoNation's website following the call under "Events & Presentations" after 12:00 p.m. Eastern Time on April 26, 2024, through 11:59 p.m. Eastern Time on Friday, May 17, 2024, or by calling 866-813-9403 (Conference ID: 457858).

Addison Verklas Joins CarSaver as Vice President of Product, Dealer Solutions, and System Integrations

Retrieved on: 
Thursday, March 21, 2024
AutoNation

NASHVILLE, Tenn., March 21, 2024 /PRNewswire/ -- CarSaver, the leading automotive enterprise adaptive retail platform and marketplace, proudly announces the appointment of Addison Verklas as Vice President of Product, Dealer Solutions, and System Integrations.

Key Points: 
  • NASHVILLE, Tenn., March 21, 2024 /PRNewswire/ -- CarSaver, the leading automotive enterprise adaptive retail platform and marketplace, proudly announces the appointment of Addison Verklas as Vice President of Product, Dealer Solutions, and System Integrations.
  • Addison joins CarSaver from AutoNation, where he held a prominent position leading strategic systems.
  • "As the automotive industry embraces a pivotal shift towards digital, I'm excited to be joining CarSaver, a leader in this transformation," said Addison Verklas.
  • CarSaver's CEO, Chad Collier, expressed enthusiasm about Addison Verklas joining the team, stating, "We are delighted to welcome Addison to CarSaver as our Vice President of Product, Dealer Solutions, and System Integrations.

NETSOL Technologies Reports 23% Revenue Growth and EPS of $0.04 in Fiscal Second Quarter 2024

Retrieved on: 
Tuesday, February 13, 2024
Traction, Web browser, Growth, NetSol Technologies, GAAP, Software as a service, AutoNation, Cryptocurrency

Total net revenues for the second quarter of fiscal 2024 increased 23% to $15.2 million, compared with $12.4 million in the prior year period.

Key Points: 
  • Total net revenues for the second quarter of fiscal 2024 increased 23% to $15.2 million, compared with $12.4 million in the prior year period.
  • Gross profit for the second quarter of fiscal 2024 was $7.2 million (or 47% of net revenues), compared to $3.1 million (or 25% of net revenues) in the second quarter of fiscal 2023.
  • Operating expenses for the second quarter of fiscal 2024 were $6.1 million (or 40% of sales) compared to $6.2 million (or 50% of sales) for the second quarter of fiscal 2023.
  • On a constant currency basis, GAAP net loss attributable to NETSOL for the second quarter of fiscal 2024 totaled $(902,000) or $(0.08) per diluted share.

NETSOL Technologies Announces Major Updates on Otoz Platform and Recent Traction with Key Automotive Clients

Retrieved on: 
Thursday, February 1, 2024
Partnership, Signature, Traction, Intelligence, OEM, CRMS, Mobility, Management, API, DMS, Privacy, CRM, Architecture, Original equipment manufacturer, NetSol Technologies, Software as a service, Insurance, AutoNation

NETSOL Technologies has officially unveiled Otoz 2.0 after implementing major updates to the digital retail and mobility technology platform.

Key Points: 
  • NETSOL Technologies has officially unveiled Otoz 2.0 after implementing major updates to the digital retail and mobility technology platform.
  • Designed for deep integration within distinct internal ecosystems, Otoz facilitates unmatched e-commerce experiences that are fully aligned with clients’ unique brand requirements.
  • With cutting-edge technology, user-centric design, and data-driven strategies, Otoz is redefining customer engagement in the automotive realm.
  • NETSOL is set to expand its offerings with the upcoming phased launch of Otoz 2.0 over the next year.

USD 30.83 billion growth expected in Automotive Parts Aftermarket Market in US between 2022 and 2027, Analysing Growth in passenger vehicles segment - 17,000+ Technavio Research Report

Retrieved on: 
Friday, February 2, 2024
Online, Traction, Summit Racing Equipment, Timken Company, LKQ Corporation, Growth, EBay, ACDelco, ZF Friedrichshafen, WeatherTech, NAPA Auto Parts, USD, Delphi Technologies, OE, Amazon, Safety, Challenge, JC Whitney, Advance Auto Parts, O'Reilly Auto Parts, Eckler, Name, KYB Corporation, Filter (signal processing), Dorman Products, Denso, Carquest, Pep Boys, AutoZone, Genuine Parts Company, AutoNation, Jegs High Performance, Gates Corporation, Online shopping

NEW YORK, Feb. 2, 2024 /PRNewswire/ -- The automotive parts aftermarket market in US is estimated to grow by USD 30.83 billion from 2022 to 2027, according to Technavio.

Key Points: 
  • NEW YORK, Feb. 2, 2024 /PRNewswire/ -- The automotive parts aftermarket market in US is estimated to grow by USD 30.83 billion from 2022 to 2027, according to Technavio.
  • Aftermarket automotive parts typically come with warranties ranging from 1 to 3 years, enhancing buyer confidence in the commercial market.
  • The growth in the availability of automotive aftermarket parts on e-commerce platforms is a significant trend impacting the growth.
  • What are the key data covered in this Automotive Parts Aftermarket Market In US report?

Batteries Plus of Rosemead Partners with Los Angeles Department of Water and Power

Retrieved on: 
Wednesday, January 31, 2024
Partnership, LOS, Recycling, Batteries Plus, Wane, Businessperson, System, Water, City, Orange County Sheriff's Department, LADWP, Equipment, AutoNation

LOS ANGELES, Jan. 31, 2024 /PRNewswire/ -- The Los Angeles Department of Water and Power (LADWP) has a new power source to begin the new year. As the local chapter of the nation's premier power partner for businesses, Batteries Plus's Rosemead location secured a partnership with the LADWP to provide batteries for the department's equipment and vehicles as it maintains the equilibrium of power and water in one of the largest cities in the United States.

Key Points: 
  • Local Business Owner Provides Batteries, Lighting, and Equipment for Public Works Vehicles and More
    LOS ANGELES, Jan. 31, 2024 /PRNewswire/ -- The Los Angeles Department of Water and Power (LADWP) has a new power source to begin the new year.
  • Spearheading this partnership is married couple Yoonie Bae and Jason Hsiao, owners of Batteries Plus Rosemead.
  • The lifespan of each battery is between 4-6 years, and once the fleet's older batteries begin to wane, Batteries Plus will provide even more to the department.
  • In partnering with Batteries Plus, the department could more reliably power their fleet and go further with its sustainability efforts at an extremely affordable rate.

AutoNation Announces Fourth Quarter 2023 Earnings Conference Call and Audio Webcast Scheduled for Tuesday, February 13, 2024

Retrieved on: 
Tuesday, January 30, 2024
AutoNation, Telephone, Conference

AutoNation management will discuss these results and other information regarding the Company during a conference call and audio webcast that same day at 9:00 a.m. Eastern Time.

Key Points: 
  • AutoNation management will discuss these results and other information regarding the Company during a conference call and audio webcast that same day at 9:00 a.m. Eastern Time.
  • The conference call may be accessed by telephone at 833-470-1428 (Conference ID: 117266) or on AutoNation's investor relations website at investors.autonation.com .
  • The webcast will also be available on AutoNation's website following the call under "Events & Presentations."
  • A playback of the conference call will be available after 12:00 p.m. Eastern Time on February 13, 2024, through March 5, 2024, by calling 866-813-9403 (Conference ID: 185101).

KBRA Assigns Preliminary Ratings to BBCMS 2024-C24

Retrieved on: 
Wednesday, January 24, 2024
Professional Services, Finance, KBRA, CMBS, AutoNation, KLTV, Probability, Woodfield Mall, RTL

KBRA is pleased to announce the assignment of preliminary ratings to 15 classes of BBCMS 2024-C24, a $693.7 million CMBS conduit transaction collateralized by 34 commercial mortgage loans secured by 90 properties.

Key Points: 
  • KBRA is pleased to announce the assignment of preliminary ratings to 15 classes of BBCMS 2024-C24, a $693.7 million CMBS conduit transaction collateralized by 34 commercial mortgage loans secured by 90 properties.
  • The collateral properties are located throughout 30 MSAs, of which the three largest are Chicago (15.0%), Houston (11.3%), and Milwaukee (8.8%).
  • The pool has exposure to most major property types, with three types representing more than 10.0% of the pool balance: retail (43.0%), multifamily (28.0%), and office (14.3%).
  • KBRA capitalization rates were applied to each asset’s KNCF to derive values that were, on an aggregate basis, 40.0% less than third party appraisal values.

DataScan Announces Appointment of New Board of Directors

Retrieved on: 
Tuesday, January 23, 2024
AutoNation, CDK Global, Intelligence, WIT, Car, History, Strategy, Mechanical, Georgia Tech, J.D. Power, Apple Inc., Apple, Mechanical engineering, Management

ALPHARETTA, Ga., Jan. 23, 2024 /PRNewswire/ -- DataScan, a leading provider of innovative financial solutions designed for commercial lenders, proudly announces the appointment of a distinguished group to its Board of Directors.

Key Points: 
  • ALPHARETTA, Ga., Jan. 23, 2024 /PRNewswire/ -- DataScan, a leading provider of innovative financial solutions designed for commercial lenders, proudly announces the appointment of a distinguished group to its Board of Directors.
  • The recently appointed board members bring abundant experience and expertise spanning automotive, technology, and financial services, reinforcing and elevating DataScan's commitment to excellence.
  • DataScan CEO Brian Koprowski expressed his excitement about the new appointments, stating, "We are thrilled to welcome these exceptional leaders to DataScan's Board of Directors.
  • DataScan looks forward to the board's contributions as they collectively help drive DataScan to new heights, setting new standards of excellence in the commercial lending industry.