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AutoNation (AN) has 1 split in our AN split history database. The split for AN took place on June 10, 1996. This was a 2 for 1 split, meaning for each share of AN owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split.
When a company such as AutoNation splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the AN split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into AutoNation shares, starting with a $10,000 purchase of AN, presented on a split-history-adjusted basis factoring in the complete AN split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||12.11%|
|AutoNation, through its subsidiaries, is an automotive retailer. Co. provides a range of automotive products and services, including new vehicles, used vehicles, parts and service, which includes automotive repair and maintenance services as well as wholesale parts and collision businesses, and automotive finance and insurance products, which include vehicle service and other protection products, as well as the arranging of financing for vehicle purchases through third-party finance sources. Co. owns and operates new vehicle franchises from stores located in the U.S., mainly in metropolitan markets in the Sunbelt region. Co.'s reportable segments are: Domestic, Import, and Premium Luxury. According to our AN split history records, AutoNation has had 1 split.|
|AN Split History Table|
|06/10/1996||2 for 1|
|Services Stock Splits|
|AN is categorized under the Services sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: AN shares outstanding history