NYSE:ANSpecialty Retail
How New Dealer Acquisitions and a Bigger Buyback At AutoNation (AN) Have Changed Its Investment Story
AutoNation, Inc. has recently expanded its footprint through acquisitions of Toyota in Baltimore, Audi and Mercedes-Benz in Chicago, and Groove Ford and Groove Mazda, while advancing its AutoNation Express digital platform to support online vehicle transactions.
At the same time, the board’s approval of an additional US$1.00 billion in share repurchases signals a strong focus on capital returns and balance sheet-driven flexibility.
We’ll now examine how this combination of fresh acquisitions...