Business

Credit Suisse gives AutoNation an upgrade

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

Scott Olson/Getty Images

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

Advertisement

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.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
We hope you've enjoyed your free articles.
Continue reading by subscribing to Globe.com for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com