AutoNation: Electrification Efforts, And Cheap At 7x EBITDA
AutoNation(AN) Seeking Alpha·2024-02-20 18:07
Hispanolistic AutoNation, Inc. (NYSE:AN) recently delivered better than expected quarterly EPS, and noted beneficial words about 2024 cash flow and future vehicle supply and demand dynamics. In addition, I detected an increase in capital expenditures for growth initiatives for AN USA as well as IT and electrification efforts, which, in combination with cash acquisitions, made AutoNation a buy. Yes, there are risks with respect to changes in the credit markets, changes in the environmental regulations, and r ...