What's Going On With AutoNation Shares?
Portfolio Pulse from Henry Khederian
AutoNation Inc (NYSE:AN) shares are trading higher by 1.9% amid the UAW launching a historic simultaneous strike. The strike could disrupt new vehicle production, potentially driving used car prices higher. This could benefit AutoNation, potentially driving up sales and revenues, which could lead to a rise in its stock price.
September 18, 2023 | 7:44 pm
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AutoNation's stock price could rise due to the UAW strike potentially disrupting new vehicle production and driving used car prices higher.
The UAW strike could disrupt new vehicle production, which could drive used car prices higher. This could increase demand for used cars, benefiting AutoNation and potentially driving up its sales and revenues, which could lead to a rise in its stock price.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100