Citi cut its price target for AutoNation to $240 but still thinks it's a good buy.

AN · AutoNation, Inc.

The AI's read

The report points to a slowdown from the first half, but says results remain above pre-pandemic levels. That limits how much the slowdown says about the business. Better U.S. vehicle sales, easier comparisons later, and expected continued buybacks support the other side. Citi kept its Buy rating, so the report does not establish a clear change in AutoNation's outlook.