AutoNation Inc

AN: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$529.00	Plbcdp	Mvskzpn

AutoNation Will Likely Keep Buying Back Its Shares

David Whiston

Apr 26, 2024

Business Strategy and Outlook

We believe AutoNation's massive size and economy of scale advantages will allow the company to deliver operating margins often above 4%, and we see upside potential to profits as its AutoNation USA stand-alone used-vehicle stores roll out. There are 23 USA stores as of first-quarter 2024, and long term we expect over 100.

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