28.10.2014 - AutoNation boosted sales
AutoNation's stock price increases significantly in premarket trading on Tuesday and approached a two-month high. The reason for the growing interest of investors in the shares of the company was the statements for the 3rd quarter. Thus, the profit of the company totaled 106.5 million dollars, or 90 cents a share, compared with an expected 75 cents per share. Revenue grew by 10% compared with the same period of last year to 4.91 billion dollars. Given the steady growth in demand for automobiles in the United States and a program to repurchase of assets on $ 250 million, we recommend buying the shares of the company with growth potential by 10-12% by the end of the year.