Business

Credit Suisse gives AutoNation an upgrade

AutoNation, of Fort Lauderdale, Fla., says it is the largest US auto retailer.

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AutoNation, of Fort Lauderdale, Fla., says it is the largest US auto retailer.

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AutoNation gained 1.6 percent after analysts at Credit Suisse raised their rating on the stock to ‘‘outperform’’ from ‘‘neutral,’’ citing a positive outlook for the company’s parts and servicing businesses. AutoNation’s retail sales of new vehicles in June totalled 25,162, for an increase of 10 percent over the same month a year earlier.

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