NYSE:AN   AutoNation, Inc
dealerships weren't doing great pre-pandemic, then everyone needed a car to travel. The chart says it all. Amazing picture of demand.

But now everyone jetting jabbed, flights are getting booked, less people driving to vacay with $3/gallon gas, and Uber is getting back online for commuters.

I personally think dealerships are in their last months/years. As new vehicle makers come online selling direct to buyers and the model transforming to buying vehicles on your phone & having them delivered, nobody gives a crap about 'dealing' with these sprawling entities that hoard massive real estate to park vehicles getting cooked under UV 11 index. Dealerships suck, they aren't needed in the near to mid future, yet here they exist trading at ATH. A few more quarters and this could be the beginning of the best short going into 2025.

For now, however, trend still intact. P/E is fair vs the market. Considering a bit of scalping until EV makers finally start delivering. July calls.
Comment: picked up some April 16 80 puts on Friday after insane price action thing is trading like a biotech stock. Bloated pig just like the XLF, blow off top nothing goes up in a straight line. See y'all at 78,00.
Trade active: 🐖 🐷 🐽 🥓
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.