AutoNation, Inc. (AN) Draws Investor Attention Amid Strategic Growth and Analyst Optimism

The terms people hike underscores JPMorgan’s assurance that the institution has the astir disposable earnings-revision trajectory among its peers successful the car retail sector. The concern slope has besides touted the dependable gait of stock buybacks, which underscores its absorption connected shareholder value, backed by a robust equilibrium sheet. AutoNation’s execution has not been perfect; JPMorgan expects the institution to payment from its marque premix of precocious home practice and a US-only determination footprint. Consequently, it expects its integrated show to beryllium successful enactment oregon somewhat amended than that of its peers.

The remarks travel connected the backdrop of the institution moving to fortify its footprint with the acquisition of Jerry’s Toyota successful Baltimore for $123 million. The acquisition is expected to make astir $123 cardinal successful yearly revenue, driven by its 2,600 caller and utilized conveyance sales.

AutoNation, Inc. (NYSE:AN) is the largest automotive retailer successful the United States, operating implicit 300 locations to merchantability caller and utilized vehicles, parts, and accessories. The institution provides broad services, including financing, insurance, maintenance, collision repair, and conveyance reconditioning.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.