AutoNation Inc. (AN) Dips 2.78% for January 13

Equities Staff  |

Among the S&P 500’s biggest fallers on Wednesday January 13 was AutoNation Inc. (AN). The stock experienced a 2.78% decline to $74.86 with 439,845 shares changing hands.

AutoNation Inc. started at an opening price of 75.96 and hit a high of $76.42 and a low of $74.40. Ultimately, the stock took a hit and finished the day at $2.14 per share. AutoNation Inc. trades an average of n/a shares a day out of a total 87.87 million shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. AutoNation Inc. hit a high of $78.21 and a low of $20.60 over the last year.

AutoNation is the largest automotive dealer in the United States, with 2019 revenue of $21.3 billion and over 230 dealerships. The firm also has five AutoNation USA used-vehicle stores and 81 collision centers all across 16 states primarily in Sunbelt metropolitan areas. New-vehicle sales account for about 52% 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.

With its headquarters located in Fort Lauderdale, FL, AutoNation Inc. employs 25,000 people. After today’s trading, the company’s market cap has fallen to $6.58 billion, a P/S of n/a, a P/B of 1.96, and a P/FCF of n/a.

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For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.

To get more information on AutoNation Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: AN’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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