AutoNation Inc. (NYSE:AN) traded today at a new 52-week high of $107.67. Approximately 169,000 shares have changed hands today, as compared to an average 30-day volume of 886,000 shares.
AutoNation Inc. (NYSE:AN) is currently priced 60.5% above its average consensus analyst price target of $41.86.
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, AutoNation Inc. share prices are bracketed by a low of $40.66 and a high of $107.67 and is now at $106.02, 161% above that low price.
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