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AutoNation Announces Additional $250 Mln Stock Buyback Authorization

Automotive retailer AutoNation, Inc. (AN) said Monday that its Board of Directors has authorized the repurchase of up to an additional $250 million of the company's common stock.

Prior to the increased authorization, AutoNation had utilized substantially all of the amounts previously authorized by its Board of Directors under its share repurchase program.

AutoNation has about 124.6 million shares outstanding as of March 23.

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