AutoNation (AN) Outperforming Carvana (CVNA) & CarMax (KMX)

Car sales were a hot topic as inflationary pressures took hold. Auto demand was strong at the end of 2020, but there has been pullback recently. AutoNation (AN) has outperformed some of its competitors like Carvana (CVNA) and CarMax (KMX). “The AN stock price has been in a sideways channel for the last year. AutoNation (AN) social media mentions indicate high purchase intent and positive sentiment. When consumers could not get new cars due to supply chain pressures, they had to buy used cars. Now, used car sales are down slightly and prices are lower. Mentions that people are behind on their auto payments are up 117% year-over-year. I like AutoNation (AN) as it has a very strong revenue stream, but there are economical headwinds ahead,” says LikeFolio’s Landon Swan. Kevin Hincks and Tom White weigh in on the size and stock flow of AutoNation (AN).