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.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
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
