other material
confidence high
sentiment neutral
materiality 0.20
AutoNation to transfer up to 17 collision centers to Caliber; expects Q4 close
AUTONATION, INC.
- Transfer of up to 17 collision centers to Caliber Holdings; long-term parts/sales referral agreement.
- Centers represent less than 0.5% of total gross profit for six months ended June 30, 2021.
- Transaction expected to close in Q4 2021, subject to customary conditions.
- AutoNation will retain 55 collision centers, maintaining largest footprint among peers.