the.com/autonation
AutoNation is expanding its luxury dealership presence in California through acquisitions of Audi, Mercedes-Benz, and Porsche stores from Fletcher Jones Automotive Group. The company's profits are rising alongside increased vehicle sales as it strengthens its premium market position.
what's happening
·AutoNation acquires three luxury dealerships from Fletcher Jones Automotive Group to expand California operations
·Company adds Audi, Mercedes-Benz, and Porsche store locations to its portfolio
·Profit increases driven by higher vehicle sales volumes
·Institutional investors including Assenagon Asset Management raising stock positions in the company
drawn from WSJ, CBT News, Finviz, Automotive News · updated 20h ago