Shares of AutoNation Inc. (NYSE:AN) traded today at $100.28, eclipsing its 52-week high. Approximately 216,000 shares have changed hands today, as compared to an average 30-day volume of 767,000 shares.
AutoNation is the largest automotive dealer in the United States, with 2020 revenue of $20.4 billion and about 230 dealerships. The firm also has five 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.
In the past 52 weeks, shares of AutoNation Inc. have traded between a low of $28.79 and a high of $100.28 and is now at $100.19, which is 248% above that low price.
AutoNation Inc. (NYSE:AN) defies analysts with a current price ($100.19) 57.4% above its average consensus price target of $42.73.
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