Published on 6 Oct 2024 on Insider Monkey · via Yahoo Finance
AutoNation, Inc. (AN): Street Analysts Are Bullish On This Undervalued Auto...
We recently compiled a list of the 7 Most Undervalued Auto Stocks To Buy According To Analysts. In this article, we are going to take a look at where AutoNation, Inc. (NYSE:AN) stands against the other undervalued auto.
Evolving Dynamics in the Auto Industry
As reported by TipRanks, Morgan Stanley recently released a report, in which in which it pointed out major changes in the automotive industry, mainly due to China’s growing production capabilities. The firm mentioned that China is now making 9 million more cars than it sells, which is shaking up competition in the Western market.