AutoNation Inc V.AN

Primary Symbol: AN

Consumer Cyclical Auto & Truck Dealerships

AutoNation, Inc., through its subsidiaries, is an automotive retailer in the United States. The Company operates through three segments: Domestic, Import and Premium Luxury. Its Domestic segment consists of retail automotive franchises that sell new vehicles manufactured by General Motors, Ford, and Stellantis. Its Import segment consists of retail automotive franchises that sell new vehicles manufactured primarily by Toyota, Honda, Hyundai, Subaru, and Nissan. Its Premium Luxury segment consists of retail automotive franchises that sell new vehicles manufactured primarily by Mercedes-Benz, BMW, Audi, Lexus, Jaguar, Bentley, and Land Rover. The franchises in each segment also sell used vehicles, parts and automotive repair and maintenance services, and automotive finance and insurance products. It owns and operates approximately 349 new vehicle franchises from 252 stores located in the United States, primarily in metropolitan markets in the Sunbelt region.

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AutoNation Inc

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Post by 123on Apr 07, 2000 10:20pm

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Post# 1747379

Target price next week - $ 11.00 ?

I think WV would bounce back to $ 11 or more by next Friday. WV was oversold and it has just completed a $ 50 million P.P. at $ 11.00. These were subscribed by sophisticated investors e.g. mutual funds, etc. The value of MV must have exceeded $ 11.oo on Mar.30/00 . If the market regains its sense, I can see MV would trade above $ 11.00.

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