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AutoNation Inc

AN: XNYS (USA)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
$892.00XwkkxqKvchqqks

AutoNation Has a Good Growth Runway in Franchise Dealerships and Used Vehicle Stores

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 19 USA stores as of year-end 2023, and long term we expect over 100.

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