AutoNation Expands California Footprint with Acquisition of Three Premium Luxury Dealerships
AutoNation acquired three premium luxury dealerships in the San Francisco Bay Area—Audi Fremont, Mercedes-Benz of Fremont, and Porsche Fremont—which contribute approximately $400 million in annual revenue. The transaction expands AutoNation’s California presence to 46 locations and increases its national footprint to 25 Mercedes-Benz, 11 Audi, and 8 Porsche stores.
Key figures
- Buyback spend ytd
- $450 million
- Ca locations total
- 46
- Ca locations premium
- 21
- Nationwide audi stores
- 11
- Shares repurchased ytd
- 2.2 million
- Acquired annual revenue
- $400 million
- Nationwide porsche stores
- 8
- Share count reduction ytd
- >6 percent
- Nationwide mercedes stores
- 25
- Past 12 months revenue added
- $1 billion
- Acquired annual vehicle sales
- 4800
AI analysis
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