Automotive retailer AutoNation Inc. (AN) was forced to shut down 18 dealerships in the Houston area due to the heavy winds, rain and power outages that were caused by tropical storm Harvey.
"This is bad; real bad. Right now, we are focused on making sure all of our employees are safe and taken care of. At the same time, we're focusing on getting all of our stores up and running," AutoNation Executive VP Marc Cannon told CNBC.
AutoNation shares were down 1.98% to $42.06 Monday.
AutoNation wasn't the only dealership to suspend operations over the weekend as hundreds of others also followed suit due to the storm.
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