Autonation continues to streamline business and reduce costs

Autonation continues aggressive approach to streamline business and reduce costs.autonation inc - steve kwak named president of autonation usa with expansion plans.autonation inc - will close its aftermarket collision parts business, referred to as autonation collision parts (acp) by end of 2020.autonation inc - will continue its solidly profitable precisionparts business.autonation inc - expects that sg&a savings related to closing of acp business will be approximately 100 basis points as a percentage of gross profit.autonation inc - estimates that it will incur charges in second half of 2020 of approximately $52 million related to acp business closing.autonation inc - now targets operating below 68% sg&a as a percentage of gross profit beginning with q3 of 2020.autonation inc - also expects additional cash expenditures following closing of about $9 million related to existing contractual obligations.autonation inc - plans to build at least 20 additional stores over next 3 years.
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