Shares of AutoNation Inc. (NYSE:AN) traded at a new 52-week high today of $132.89. This new high was reached on below average trading volume as 724,000 shares traded hands, while the average 30-day volume is approximately 1.3 million shares.
In the past 52 weeks, shares of AutoNation Inc. have traded between a low of $56.07 and a high of $132.89 and is now at $130.98, which is 134% above that low price.
Based on a current price of $130.98, AutoNation Inc. is currently 63.4% above its average consensus analyst price target of $47.96.
AutoNation is the largest automotive dealer in the United States, with 2020 revenue of $20.4 billion and about 230 dealerships and over 300 locations including collison centers. The firm also has eight AutoNation USA used-vehicle stores, four auction sites, and 74 collision centers all across 16 states primarily in Sunbelt metropolitan areas. New-vehicle sales account for about 51% of revenue; the company also sells used vehicles, parts, and repair services as well as auto financing. The company (formerly Republic Industries) spun off its waste management unit (Republic Services) in 1999 and its car rental businesses (ANC Rental) in 2000. Wayne Huizenga founded the company in the 1990s to bring the rollup acquisition strategy to auto retailing, which has proved to be a smart move.
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