AutoNation (AN)

AutoNation (AN)

I’m creating this thread to start discussion of AutoNation (AN). The stock was written up by Dave Rottman here:

https://focusedcompounding.com/autonation-an-a-cheap-cannibal-with-minimal-downside/

It’s a nearly 6,000 word article. So, I wanted to focus in on one specific point (mentioned in the title). AutoNation is a “cannibal” as Charlie Munger would say. It eats its own shares up. I thought a table might help.

Shares Outstanding

1998: 471 million

2003: 287 million

2008: 178 million

2013: 123 million

Today: 92 million

Anyway, this is the place to ask Dave questions about AutoNation, to discuss the stock amongst yourselves, etc. Please do so below.