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.
read more
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.
RTTNews
|
710 days ago
U.S. New Home Sales Surge Much More Than Expected In December
New home sales in the U.S. surged by much more than expected in the month of December, according to a report released by the Commerce Department on Monday.
RTTNews
|
5h 52min ago
Canadian Market Likely To Open With Negative Gap
Lower Canadian and U.S. futures amid concerns about tech earnings following the emergence of China's startup DeepSeek's AI model, and worries about U.S. President Donald Trump's policies and tariff threats point to a gap down opening for stocks on Bay Street on Monday.
RTTNews
|
9h 34min ago
Dollar Drops Amidst Softer Tariff Tone, Rate Cut Calls
The U.S. Dollar tumbled against major currencies during the week ended January 24 amidst a perceived softening in the U.S. administration's tone on trade tariffs and President Trump's call to global central banks to lower interest rates. Weak economic data updates from the U.S. also aided the Dollar's decline.
RTTNews
|
10h 36min ago
FTSE Modestly Lower; Miners Lose Ground
U.K. stocks are slightly down Monday morning, due largely to weakness in the mining sector after data showed a contraction in the manufacturing sector in the world's second largest economy.
RTTNews
|
10h 53min ago
CAC 40 Slips As DeepSeek Triggers Tech Sell-off
French stocks are down in negative territory Monday morning, snapping a long 9-day winning streak, amid a sell-off in technology stocks due to concerns about the impact of Chinese startup DeepSeek's powerful and cost-efficient AI model on the sector.
RTTNews
|
11h 17min ago
German Business Confidence Improves In January
German business confidence improved slightly in January on more positive assessment about the current situation but the overall low level continues to signal that the economy remains on weak footing. The ifo business climate index rose more-than-expected to 85.1 in January from 84.7 in the previous month, survey results from the ifo Institute showed on Monday. The reading was seen at 84.9.
RTTNews
|
11h 24min ago
Sensex, Nifty Tumble As Tariff Worries Return To Haunt
Indian shares fell sharply on Monday, pressured by concerns over weak corporate earnings, uncertainty surrounding U.S. trade and tariff policies, and persistent foreign fund outflows.
RTTNews
|
11h 26min ago
