Autonation Puns

I've decided to make a once annual recommendation to you autists.

I mostly lurk but I've been here since y'all were in middle school. See my BWLD post below.

https://www.reddit.com/r/wallstreetbets/comments/6m2vfe/4k_in_long_august_puts_for_bwld/

And here is my post last year regarding GoEasy.

https://www.reddit.com/r/wallstreetbets/comments/l0557h/dd_goeasy_to_the_fucking_moon/

My BWLD trade recommendation made 40% in 1 month from when I recommended it to when I closed the position.

My GoEasy trade is up 74% (including dividends) in the past 11 months from when I recommended it. I am still holding GoEasy.

Those are the only two recommendations I have made.

AutoNation will be my third.

In the spirit of the holiday season and seeing how you retards can't even beat the S&P500 (lmao), I've decided to make a charitable contribution to you all and share my next position: AutoNation.

AutoNation is America's largest retailer of new cars and has all the top legacy brands (Toyota, Ford, GM, Stellantis, Mercedez, Honda, etc.) in its New Car Dealership portfolio.

Due to the chip shortage, the prices of both used cars and new cars are up substantially. AutoNation's gross profit per New Vehicle is up 116% while their New retail units are down by 12% (!). They have run down their inventory from over 50 days worth of sales to now under 10 days. You can see this if you drive by any Car Dealership in the US. Despite this drop in units sold, AutoNation has hit record revenues this past year.

Catalyst 1: With the chip shortage abating, prices being sticky, and huge pent-up demand for personal automotive (who wants to sit on a bus or train with Covid?) we should see higher supply of cars and more units sold in 2022 at higher pricing. I expect record revenue again in 2022.

Autonation has also worked to reduce Selling, General, and Admin cost as a percentage of gross profit. They hit record low Selling, General, and Admin costs in both the 2nd and 3rd quarters of 2021 and that has lead to 6 consecutive quarters of all-time record earnings.

With the new paradigm of tighter supply-demand in the automotive sector, the dealerships do not have to pay as much incentives to sales staff as the sales are much easier. Combined with the huge pent-up demand, this is catalyst 2.

Cat

Guys, I live in Fairfax and am thinking about buying a car (most likely Odyssey) recently and have been looking around. I saw this Autonation Honda at Dulles, which is basically the only dealer that doesn’t charge a markup on the car right now in my area.

This is great, but when I talked to a sales person there he didn’t give me too many details about the pricing except for a rough estimate of taxes and other fees, and he couldn’t give me an estimate of the monthly payments if I do financing until the particular car arrives.

So this is like my first time buying a car (I bought the first car back in college and didn’t do too much study and just went to a dealer with a friend and paid in cash ‘cause I didn’t have a driver license), I would like to be careful with this. Are there any people who bought cars from them in this subreddit so that you can give me an idea of they are good? What is their financing like? And will there be any traps or tricks since they don’t charge markup like others do?

And any recommendation on which dealer around Fairfax or even MD I can check will be highly appreciated.

Because we have almost every brand under the Autonation umbrella, we can purchase leases from almost all manufacturers.

Source: Works at an Autonation dealer

Leading up to the pandemic this company ($AN) made about $4.50 per year and traded at a multiple of between 8 and 12. It's not a great growth story. They have no disruptive technology. They sell cars. Car sales over the last couple of years have been off the charts and they've been making a shit ton of money. In my mind there is no way that that is going to continue. There are a number of reasons for this.

The chip shortage is going to be a thing of the past and people will be able to buy new cars again. That means that the markup on used cars is going to plummet.

Manufacturers aren't going to sit idly by while dealers mark cars up well above the MSRP and make record profits. I've read about the Ford Mach-e being marked up $10,000 and the Mercedes EQS by $50,000. Already, 12 states have legislation moving forward to allow manufacturers to sell directly to the consumers. In most cases this only applies to EVs but let's face it, in a few years that's all there's going to be anyway.

Buyer Rejects $50K Dealer Markup On Mercedes EQS, Gets Lucid Air (insideevs.com)

Dealers make 49% of their profits from servicing vehicles they sell. Electric vehicles require far less service than ICE vehicles.

2022 may be a good year for these guys and they may hit the analysts target of $18 per share profit but after that I see a steady decline in both revenue and profit. I was criticized for being too wordy with my last post (MRNA is a $30 stock) so I'll cut it off here.

Position 10x 01/24 $95p Cost $17

@AutoNation owned @VW Savannah, GA dealer is one of those dealers that force you into buying the "Mark-up package" that they didn't call it a mark-up, even on the pre-orders. Waited 6 months for my pre-order ID4 to arrive and I was told there's no mark-up until AN took it over.

The FAQ page on buying a used car has a lot to say about franchise sellers vs. used car lots, and why the former is generally safer than the latter.

Where does AutoNation fit into that? From what I understand they’re not a franchise dealership affiliated with a car manufacturer, but as a big multi-state chain they are also unlikely to fit the profile of a typical used car lot.

How trustworthy are they and the cars they sell, relative to a franchise dealership or a used car lot?

I’m looking at Grand Cherokee Ls for the wife. Autonation is advertising limited trims ($48k plus MSRP) at around $42k. I’m not seeing any incentives on the jeep website, and in this crazy market I don’t expect to see anything below MSRP being legit. Just curious if anyone here has experience w them and how accurate their advertised prices are. Also - this price is not including the asterisks rebates (veteran, first responder, conquest, etc). Those are below the line.

I was looking through Ford's inventory to see if any dealerships were expecting stock Hybrid orders. I was able to find a few and contacted the dealers. One replied back saying there were actually going to have an XLT Hybrid Luxury package in stock. Downside is it was MSRP + $5,000. That markup is huge for an economic vehicle. Their public listing only shows MSRP so I'm thinking they're trying to see who they can charge the most.

Hoping to talk them down especially since I'm wanting to trade in my Tacoma. Need to get fair value from that too. I could always walk away. The other dealers are saying they'll let me know of any cancellation on orders and said there would be a markup but aren't telling me how much.

Window Sticker and Asking Price

Edit: Dealer is firm $35k out the door. Walking away. No way am i going to pay $9-10k over sticker. I'll just wait until people start returning their hybrids. Final asking price

Just got a call that one is available! I have no other details but give them a call. I just got mine last week, so won’t be taking this one!

who’s going to the autonation imax to watch dune

I purchased a mustang Mach 1 earlier this year from an AutoNation Ford dealership about an hour from my house. I have had nothing but trouble with the entire purchase and the attitude I got from some of the employees that work there.

I was sold a wheel and tire package that I was told would cover the cost of damage to the rims and tires on the car if anything was to happen accidentally, for example curb rash. I caught a pothole on the highway and did some relatively minor damage to one of the front rims on the car. I called their customer service number and was told to take it to a local Ford dealership or a certified car repair center and they would pay the bill no questions asked.

I took it to my local Ford dealer and they took pictures of the rim and I gave them the customer service number so they could file a claim on the on the wheel and get it taken care of.

The following week I got a call from my local dealership telling me that AutoNation was only going to pay $125 and the damage would cost $275 to fix, so if I wanted to get it taken care of I would owe the dealership $150. This after paying $1000 for this wheel and tire protection package. To say the least, I was furious over this. I called their customer service number to no avail. They told me that I should tell the dealership to accept the $125 they were offering and have them write off the rest to keep a customer happy. I told them after paying what I did for the protection package that they should reimburse the dealer for the full cost of repairs no questions asked. I also informed them that each rim on the vehicle cost over $1100 and each tire was $500 apiece. I told them, after a heated discussion, that their repair allowance was insignificant in comparison to what the rims cost. I was told at the time of purchase that the contract would take care of any kind of damage that would happen to the tires or rims and there was even towing reimbursement included if needed to get the car back to A repair center or my house. No where in the contract was it written that they only had a minor allowance for rim damage.

After I told them that this was unacceptable they told me that they would get another vendor to take care of my car while is at the dealership being serviced and fix the rim for me. They said they had a service contract with a national company and they would do the work and I wouldn’t need to worry about it. All I needed to do was tell the dealership to give them a call back and te

$AN AutoNation stock watch, back to 122.71 triple support area with bullish stats , see https://stockconsultant.com/?AN

AN AutoNation stock chart

#finance #money #wallstreet #stockmarket #stocks

So I bought a used car and paid for it using:

- A Trade In

- Paying the rest using my debit card

So if I return the car, which of the following happens, do I pick which choice?

A. I get the trade-in back and whatever I paid using my debit card.

B. I just cash value for the whole thing (Via a check I would imagine?)

Any help would be appreciated, thanks!

Where is the closest parking spot that is cheap? Yesterday was my first time coming so I just paid 15$ to park in a lot, so I was wondering is there a difference spot that’s cheaper to park?

Hey, I’m not the brightest, so I wanted to ask for some help on trade in valuation in Denver metro, Colorado. I have a 2016 Toyota Highlander AWD LE plus black exterior tan interior with 48k miles on it. It’s in good condition. Paint has a few surface scratches, no dents, etc. The interior front seats have a few light stains that would come out with a shampoo. I’m looking to trade in for a 2022 Subaru Outback. I did roll some crap negative equity (5k) into the loan when purchased in 2019 and am essentially wondering if I can get close to out of it by trading in now. I currently owe 25,103 on it. KBB is saying if in good condition trade in would be 22-26k. Is this realistic? What can I expect to see from an autonation dealer for trade in please? Mechanically very good condition, no major repairs necessary of course. Please help my dumbass understand if I can get out of this finally. Thank you all so much.

Autonation Imax VS Regal South Beach IMAX, ScreenX & VIP (Lincoln Rd Mall) Movie: Venom 2

The original Ghost In The Shell is playing in IMAX theaters September 17th. And the AutoNation IMAX theater is the closest real 70mm/Laser theater near me. So are they going to play it?