While the broker said it believes the company has been adversely impacted by high used vehicle prices, market share losses to on-line competitors like Carvana and relatively poor "value" showings through the marketplace windows, industry prices are moderating, early omni-channel reception is strong and efforts to improve "price perception" are improving.
The broker said it reiterates its outperform rating given strong strategic positioning and a relatively inexpensive valuation.
Price: 78.66, Change: +0.80, Percent Change: +1.03
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