Why AutoNation Stock Has Lost 23% So Far in 2020
AutoNation (NYSE: AN) shareholders are trailing the market this year. Their stock dropped 23% compared to a 4% decline in the S&P 500 through the end of June, according to data provided by S&P Global Market Intelligence.
The new- and used-car retailer's stock had declined by nearly 60% at one point in the year, but its subsequent rally still left it well below peers like CarMax (NYSE: KMX), which rose slightly during the first half of 2020.
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Source Fool.com