2024-02-20 05:07:04 ET
Summary
- AutoNation reported better-than-expected quarterly EPS and positive guidance for 2024 cash flow and vehicle supply and demand dynamics.
- The company has increased capital expenditures for growth initiatives and made cash acquisitions, making it an attractive investment.
- There are risks related to changes in credit markets and environmental regulations, but overall, AutoNation appears to be a buy.
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For further details see:
AutoNation: Electrification Efforts, And Cheap At 7x EBITDA