AutoNation Rises On Unusually High Volume (AN)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- AutoNation (NYSE: AN) is trading at unusually high volume Thursday with 1.8 million shares changing hands. It is currently at two times its average daily volume and trading up $3.50 (+7.8%) at $48.25 as of 3:26 p.m. ET.

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AutoNation has a market cap of $5.46 billion and is part of the services sector and specialty retail industry. Shares are up 13% year to date as of the close of trading on Wednesday.

AutoNation, Inc., through its subsidiaries, operates as an automotive retailer in the United States. The company has a P/E ratio of 19.1, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates AutoNation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, increase in net income, revenue growth and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full AutoNation Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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