Let’s put the noise aside. AutoNation (AN) and CarMax (KMX), a Berkshire Hathaway (BRK.A) holding are picking up market share daily as smaller dealerships close by the bucket-full. When auto buying resumes (it will, they do not last forever) both will profit handsomely as buyer will have fewer option to buy from.
On CNBC
Mike Jackson CNBC 1-21-2008 from http://marccannon.vox.com/
On Bloomberg..
The following is a must see…
Jackson’s World Congress Presentation:
AutoNation’s Mike Jackson at World Congress
Disclosure (“none” means no position):Long AN
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