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28-677: The company has 37 locations in 25 countries and its products are sold in over 100 countries, however most of its customers are in the United States. In 2020, the company ranked 911 on the Fortune 1000 list of the largest United States corporations by total revenue. CDK Global provides integrated information technology and digital marketing to the automotive, heavy truck, recreation, and heavy equipment industries. The company's products help to integrate clients buying processes and include targeted advertising and marketing, as well as products for

56-569: A 2-for-1 stock split in Republic stock was also completed. In 1997, Republic continued its acquisitions in the car rental business with the purchase of National Car Rental , Spirit Rent-A-Car, Value Rent-A-Car, Snappy Car Rental, and EuroDollar Rent A Car. Huizenga had Republic start consolidating operations between new and used cars and its rental companies into one operation. Acquiring six Saturn dealerships in Arizona and Florida, Republic sold

84-555: A UK-based dealer management system (DMS) supplier acquired by ADP in 2005. In 2006, ADP acquired BZ Results. In May 2017, CDK Global announced its intention to acquire rival DMS supplier Auto/Mate Dealership Systems, but the proposed acquisition was blocked by the Federal Trade Commission in March 2018 on the grounds that it would reduce competition in an already concentrated market. In 2020, CDK Global announced

112-495: A cryptocurrency account connected with BlackSuit, and on June 23, began the process of restoring services, later advising that the work would not be completed before June 30. By July 4, access for nearly all dealers had been restored. Shares in CDK's parent company lost over 5.7% value in the wake of the attack, while share prices of large auto dealers Sonic , Group 1 and AutoNation dropped up to 4.4%. JD Power estimated that due to

140-730: A developer of self-driving technology, enlisted AutoNation to maintain and repair their driverless vehicles fleet. During the coronavirus pandemic , AutoNation faced criticism after reports in The Washington Post revealed that the company applied for at least $ 266 Million in SBA Paycheck Protection Program loan under the CARES Act in order to allow at least 7,000 employees who had been furloughed to return to work and received up to $ 95 Million in funds for its over 300 dealerships located throughout

168-470: A one-time cash payment to Authenticom. On June 19, 2024, CDK experienced a ransomware attack that took most of its services offline, disrupting thousands of car dealerships across the US and Canada. An Eastern European and Russian hacker group, thought by security researchers to be BlackSuit , claimed responsibility and demanded tens of millions of dollars in ransom. On June 21, CDK paid $ 25 million in bitcoin to

196-531: A preliminary injunction against CDK and Reynolds and Reynolds, ruling that there was sufficient evidence to find "the existence of a per se illegal horizontal conspiracy" between CDK and Reynolds and Reynolds to divide the data integration market between them and block competitors, and requiring the two companies to "cease blocking Authenticom" from providing "data integration services to dealers who authorize Authenticom to provide this service." In November 2020, CDK settled its lawsuit with Authenticom, agreeing to make

224-413: A total of 8 million vehicles. Before its acquisition by Republic Industries in 1997, but under the early division brand name "AutoNation", the company was a growing network of used automobile superstores. In 1995, H. Wayne Huizenga of Republic Industries became chairman of the board of directors and through Republic's ownership of AutoNation, sought to expand its business into used auto sales throughout

252-656: The AutoNation building in downtown Fort Lauderdale suffered significant damage due to Hurricane Wilma . The company has since transferred to another nearby building. In 2006, Mike Jackson, CEO of AutoNation announced that his company would be reducing orders from the three major vehicle manufacturers as General Motors , Ford and Chrysler in 2007 and altered the company's purchase pattern to include purchasing more imported vehicles as BMW , Mercedes and Lexus , due to anticipated view of further market share losses by US automakers. resulting in high dealer In 2009, during

280-456: The great recession , AutoNation announced a newly formed AutoNation Payment Protection program, promising that the dealership will buy back any car at market value, should the owner lose their job. By 2011, AutoNation was the first auto retailer in the U.S. to sell a total of 8 million vehicles. In January 2013, AutoNation announced that it would replace localized brand names of its car retail operations with its own name. This re-branding across

308-458: The AutoNation cancer charity program which was founded as a 501(c)(3) charitable organization. In August 2013, AutoNation announced the sale of its 9 millionth vehicle which was a record achievement for the industry. On April 11, 2017, USA Today wrote that AutoNation's CEO Mike Jackson questioned the market value of Tesla , the maker of electric cars, by saying that Tesla is "either one of

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336-404: The US was supported and approved by the major automotive manufacturers, including GM, Ford, Chrysler, Nissan, Toyota, Honda, VW and Hyundai. It involved a total of 210 franchises operating under previously assigned local group names. In May 2013, AutoNation partnered with Indy Car Series Champion Ryan-Hunter Reay to support his "Racing for Cancer" charity. This charity served as a key component of

364-500: The United States, and for which revenues are publicly available (regardless of whether they are public companies listed on a stock market ). The Fortune 500 is the subset of the list that is its 500 largest companies. The list draws the attention of business readers seeking to learn the influential players in the American economy and prospective sales targets, as these companies tend to have large budgets and staff needs. Walmart

392-437: The United States. Republic's sales for 1995 were $ 5.2 billion. In 1996, Republic Industries began purchasing new car dealerships and offering long-term contracts to owners who joined the newly created automotive division of Republic Industries, which led to the company operating twelve retail locations under the "AutoNation" brand. Later that year, Alamo Rent A Car was purchased by Republic Industries for $ 625 million, and

420-624: The United States. SBA Paycheck Protection Program loans were originated by commercial banks, credit unions, and other financial institutions; according to AutoNation's Form 8-K filed with the Securities and Exchange Commission on March 26, the company's "administrative agent" and lender as of the filing date was JPMorgan Chase Bank, N.A. On April 24, AutoNation announced that it would be returning $ 77 Million to J.P Morgan. Cheryl Miller resigned her position as CEO for AutoNation in July 2020. She

448-421: The United States. The company was founded by Wayne Huizenga in 1996, starting with twelve AutoNation locations, and now has more than 300 retail outlets. AutoNation continued growing by acquiring other companies in the car rental business such as National Car Rental, Spirit Rent-A-Car, Value Rent-A-Car, Snappy Car Rental and more. In 2011, AutoNation was the first auto retailer in the United States to sell

476-406: The car rental business as "ANC Rental" and close all newly built "AutoNation USA" used car megastores, due to losses of $ 25 million per quarter. Plans to brand all automotive retail stores as "AutoNation stores" were cancelled. A rebranding of a more recognizable 'regional brand' focus was instituted. In January 2003, Jackson was named chairman of the board, replacing Huizenga. On October 24, 2005,

504-407: The deal on July 6, 2022. In May 2017, CDK was sued, along with DMS supplier Reynolds and Reynolds, by data integration service provider Authenticom, which alleged that the two companies engaged in anti-competitive conduct and violated antitrust law by conspiring to block third-party access to their data systems in order to create a duopoly . In July 2017, District Judge James Peterson granted

532-647: The dealerships to Saturn in 1997 because they did not generate enough sales, despite being a successful brand. In 1997, the company acquired Maroone Automotive Group of Buffalo, New York and Florida for $ 200 million in Republic stock. In an attempt to expand the company's electronic security division, the company offered to purchase ADT . The acquisition failed, and in October 1997, Republic sold its electronic security division. Republic Industries offered in July 1998 an initial public offering of its original core waste disposal business as Republic Services and it

560-404: The division was subsequently built up of more than 30 acquisitions completed over the next 41 years. On October 1, 2014, ADP Dealer Services division was spun-off to form the independent company CDK Global. The CDK in the company's name was inspired from different acquisitions; C from Cobalt Digital Marketing, D from the original ADP Dealer Services business, and K from Kerridge Computer Company,

588-428: The great Ponzi schemes of all time or it’s gonna work out." The previous day, Tesla passed General Motors as the most valuable American automotive manufacturer, measured by its market capitalization. Jackson also said, "Clearly General Motors is undervalued and Tesla is overvalued. Anybody can see that." In June 2017, AutoNation sold a total of 11 million vehicles. On November 2, 2017, AutoNation announced that Waymo ,

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616-525: The outage, U.S. retail unit sales in June 2024 would decrease by up to 7.2% from June 2023. At least eight lawsuits alleging negligence were filed against CDK by dealerships whose operations were affected by the outage. Fortune 1000 The Fortune 1000 are the 1,000 largest American companies ranked by revenues , as compiled by the American business magazine Fortune . It only includes companies which are incorporated or authorized to do business in

644-415: The sale of its international operations (to be called Keyloop) to Francisco Partners , as an effort to focus more on its North American business. On April 7, 2022, CDK Global agreed to be acquired by Brookfield Business Partners and institutional partners for a total enterprise value of $ 8.3 billion. The deal offered CDK investors $ 54.87 for each share held, representing a 30% premium. Brookfield completed

672-720: The sale, financing, insuring, parts supply, repair, and maintenance of vehicles. Competitors include Reynolds and Reynolds , Tekion , and Dealertrack. The company has its origins as the Dealer Services division of Automatic Data Processing ( ADP ), which was formed in 1973 after ADP acquired National Inventory Control System, Portland OR (NICS) and Computer System Inc., Cincinnati, OH (CSI) providing computerized Accounting, Financial Reporting, Sales Analysis, Lease Accounting, Parts Inventory Control, Customer Relations, Management Systems for both Sales and Service, and Payroll Services for automotive dealerships. As ADP Dealer Services,

700-418: Was from this sale of 36% of Republic Services stock, the company netted $ 1.4 billion to be used to fund the new company being formed. As a result of this sale, the company changed its name to AutoNation to highlight its focus on the automobile industry. In 1998, CarMax brought a lawsuit against Republic for copyright and trademark infringement. CarMax received a $ 50 million jury award in its lawsuit, but it

728-500: Was number one on the list for five of the seven years from 2007 to 2014, interrupted only by ExxonMobil in 2009 and 2012. The following is a list of urban areas by the number of companies on the 2014 Fortune 1000 list that are located there: AutoNation AutoNation is an American automotive retailer based in Fort Lauderdale, Florida , which provides new and pre-owned vehicles and associated services in

756-407: Was overturned on appeal in 1998. In April 1998, competitor Drivers' Mart was purchased for $ 40 million. The remaining 64% of Republic Services was divested to Republic Industries shareholders in 1999. The company's first chief executive officer (CEO), Steve Berrard, eventually resigned from the company in July 1999. Mike Jackson, the new CEO, previously of Mercedes Benz USA, moved to spin off

784-505: Was replaced by Mike Jackson , who was to fill the role until April 2022. In November 2021, Mike Jackson retired from his 20 years service to AutoNation and was replaced by Mike Manley , previously Head of Americas at Stellantis N.V. and former CEO of Fiat Chrysler Automobiles . On April 9, 2021, it was officially announced that AutoNation had reached a naming rights agreement for the stadium of Fort Lauderdale-based Inter Miami CF . The team's stadium became branded as DRV PNK Stadium ,

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