AutoNation (AN) has acquired two luxury stores in Chicago, Ill., effective September 15. The stores are Fletcher Jones Audi and Mercedes-Benz of Chicago from Fletcher Jones Automotive Group, representing approximately $325M in annual revenue and 4,500 retail new and used vehicle annual unit sales. This acquisition will bring AutoNation’s location count in the greater Chicago area to 10, including two Audi stores, three Mercedes-Benz stores, one BMW store, three Import stores, and one collision center.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AN:
- AutoNation price target lowered to $250 from $255 at BofA
- AutoNation price target raised to $220 from $195 at Morgan Stanley
- AutoNation price target lowered to $228 from $230 at Guggenheim
- AutoNation price target raised to $200 from $185 at JPMorgan
- Amazon begins selling new, certified pre-owned vehicles