AutoNation
About: AutoNation is the second-largest automotive dealer in the United States, with 2024 revenue of about $27 billion and over 240 dealerships, plus 52 collision centers. The firm also has 26 AutoNation USA used-vehicle stores, a captive lender, four auction sites, and three parts distributors across 20 states primarily in Sunbelt metropolitan areas. New-vehicle sales account for nearly half of revenue; the company also sells used vehicles, parts, and repair services as well as auto financing. The company (formerly Republic Industries) divested its waste management unit (Republic Services) in 1999 and its car rental businesses (ANC Rental) in 2000. Wayne Huizenga founded the company in the 1990s to bring the rollup acquisition strategy to auto retailing, which has proved to be a smart move.
Employees: 25,100
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
46% more first-time investments, than exits
New positions opened: 79 | Existing positions closed: 54
20% more funds holding in top 10
Funds holding in top 10: 5 [Q4 2024] → 6 (+1) [Q1 2025]
5% more funds holding
Funds holding: 439 [Q4 2024] → 459 (+20) [Q1 2025]
9% more repeat investments, than reductions
Existing positions increased: 157 | Existing positions reduced: 144
1% less call options, than puts
Call options by funds: $16M | Put options by funds: $16.1M
2.88% less ownership
Funds ownership: 67.38% [Q4 2024] → 64.5% (-2.88%) [Q1 2025]
10% less capital invested
Capital invested by funds: $4.54B [Q4 2024] → $4.1B (-$440M) [Q1 2025]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Stephens & Co. Jeff Lick | 4%upside $200 | Equal-Weight Maintained | 29 Jul 2025 |
Wells Fargo Colin Langan | 14%upside $221 | Equal-Weight Maintained | 28 Jul 2025 |
B of A Securities John Murphy | 32%upside $255 | Buy Maintained | 16 Jun 2025 |
Financial journalist opinion
Based on 16 articles about AN published over the past 30 days
