AutoNation (AN) : Traders are bullish on AutoNation (AN) as it has outperformed the S&P 500 by a margin of 3.73% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.85%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.48% in the last 1 week, and is up 10.74% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
AutoNation (NYSE:AN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $51.71 and $51.06 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $52.15. The buying momentum continued till the end and the stock did not give up its gains. It closed at $52.08, notching a gain of 0.87% for the day. The total traded volume was 760,193 . The stock had closed at $51.63 on the previous day.
The stock has recorded a 20-day Moving Average of 6.05% and the 50-Day Moving Average is 7.14%. AutoNation, Inc. is up 5.23% in the last 3-month period. Year-to-Date the stock performance stands at -12.71%.
AutoNation, Inc. is an automotive retailer in the United States. The Company offers a range of automotive products and services, including new vehicles, used vehicles, parts and service, which includes automotive repair and maintenance services, as well as wholesale parts and collision businesses, and automotive finance and insurance products, which includes vehicle service and other protection products, as well as the arranging of financing for vehicle purchases through third-party finance sources. It operates through three segments: The Domestic segment consists of retail automotive franchises that sell new vehicles manufactured by General Motors, Ford and Chrysler. The Import segment consists of retail automotive franchises that sell new vehicles manufactured primarily by Toyota, Honda and Nissan. The Premium Luxury segment consists of retail automotive franchises that sell new vehicles manufactured primarily by Mercedes-Benz, BMW and Lexus.