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.

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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