5 Best Auto and Truck Dealership Stocks to Buy

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In this article, we will take a look at the 5 best auto and truck dealership stocks to buy now. If you want to explore similar stocks, you can go to 10 Best Auto and Truck Dealership Stocks to Buy.

5. AutoNation, Inc. (NYSE:AN)

Number of Hedge Fund Holders: 34

AutoNation, Inc. (NYSE:AN) was spotted on 34 investors’ portfolios at the end of Q4 2022 that held positions worth $653 million in the company. As of December 31, AQR Capital Management is the largest shareholder and has a position worth $109 million.

Wall Street sees upside to AutoNation, Inc. (NYSE:AN). This April, Guggenheim raised his price target on AutoNation, Inc. (NYSE:AN) to $184 from $181 and maintained a Buy rating on the shares.

On April 20, AutoNation, Inc. (NYSE:AN) announced earnings for the fiscal first quarter of 2023. The company’s revenue for the quarter amounted to $6.40 billion and the company reported an EPS of $6.05, outperforming EPS expectations by $0.31. AutoNation, Inc. (NYSE:AN) has returned 23.88% to investors over the past 6 months and is placed fifth among the best auto and truck dealership stocks to buy now.

Follow Autonation Inc. (NYSE:AN)

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