AutoNation - Rising Demand for New Cars Fuels Strong Outlook!
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Business driver: AutoNation (AN) has established a strong market position in the U.S. as a dealer for both used and new cars. Additionally, it is also well-positioned in spare parts, maintenance, and safety products, and offers financing options to its customers. Recently, when presenting its Q3 numbers, it reported an EPS of $5.03, significantly above consensus expectations of $4.82. The revenue also exceeded expectations with a 6.85% increase to $7.04 billion (consensus: $6.86 billion). Furthermore, the share buyback program has been recently...
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