NYSE:ANSpecialty Retail
A Fresh Look at AutoNation (AN) Valuation After Expanding Its $11.5 Billion Buyback Plan
AutoNation (AN) just expanded its equity buyback plan by $1,000 million, bringing the total repurchase authorization to $11,500 million. This signals ongoing confidence from management in the company’s long-term outlook.
See our latest analysis for AutoNation.
AutoNation’s expanded buyback comes after a solid run, with a year-to-date share price return of 16.1% and a robust 1-year total shareholder return of 17.9%. While the past month saw softer momentum, the stock’s longer-term total...