Geoff Gannon April 15, 2018

AutoNation (AN)

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

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