AutoNation returning $77 mln in U.S. payroll assistance coronavirus relief loans [Reuters]
AutoNation, Inc. (AN)
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Source: Reuters
AutoNation returning $77 million in U.S. payroll assistance coronavirus relief loans WASHINGTON (Reuters) - AutoNation Inc ( AN.N ), the largest U.S. auto dealership chain, said on Friday it will return $77 million it received in forgivable loans from the U.S. Paycheck Protection Program (PPP) meant to help struggling small businesses and employees during the coronavirus outbreak. Marc Cannon, a spokesman for the company, told Reuters that AutoNation was “clearly eligible and applied on behalf of the 7,000 employees furloughed caused by the COVID-19 crisis.” He said the company “intended to rehire all 7,000 associates under the PPP program as encouraged by the government and designed to get individuals back to work.” AutoNation has implemented cost-cutting measures, including temporary pay cuts for staff, curtailing of advertising expenses and postponing over $50 million of capital expenditures through the second quarter of 2020. On Thursday, the Small Business Administration issued
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News
- AutoNation, Inc. (NYSE: AN) had its price target lowered by analysts at Guggenheim from $190.00 to $189.00. They now have a "buy" rating on the stock.MarketBeat
- AutoNation Launched Its 8th Annual DRV PNK Across America Campaign to Help Drive Out CancerPR Newswire
- Should You Be Impressed By AutoNation, Inc.'s (NYSE:AN) ROE? [Yahoo! Finance]Yahoo! Finance
- AutoNation, Inc. (NYSE: AN) had its price target lowered by analysts at JPMorgan Chase & Co. from $190.00 to $180.00. They now have a "neutral" rating on the stock.MarketBeat
- AutoNation Surprises Former Professional Ballerina and Two-Time Breast Cancer Survivor with $25,000 Donation During "The Drew Barrymore Show"PR Newswire
AN
Earnings
- 10/25/24 - Miss
AN
Sec Filings
- 11/5/24 - Form 4
- 11/4/24 - Form 4
- 10/25/24 - Form 10-Q
- AN's page on the SEC website