AutoNation Seeing Industry Improvement

AutoNation, Inc. AN is seeing normalized auto demand in the 15-16M range with uncertain timing and hopes to return to a more normal credit environment that will allow for a SAAR of 12-13M, 15M with sustained jobs and housing recovery, Goldman Sachs reports. Political uncertainty is another key factor that could influence auto sales in the near term, hoping for a more growth-oriented public policy, according to Goldman. Goldman remains Neutral on AutoNation with an unchanged price target. AutoNation, Inc. closed yesterday at $23.57.