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VRM - JPMorgan sees auto dealers as attractive singles out AutoNation
Vroom Inc.
JPMorgan upgrades AutoNation (AN+7.6%) to an Overweight rating from Neutral on its view that execution remains strong and SG&A torque will drive substantial revisions to forward earnings. Upside from balance sheet deployment, buybacks primarily in the near term and AutoNation USA expansion longer term, are also noted.
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