AutoNation Jumps After CEO Eases Concern on Slowing Sales Growth

  • Shares reach 5-week high after tumbling on revenue miss
  • Jackson sees U.S. light-vehicle market topping 17 million

AutoNation Inc., the largest auto retailer in the U.S., reversed early-morning losses to reach a five-week high after convincing investors it can weather a plateau in new-vehicle sales and rebound from a quarter that missed analyst expectations.

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