© Reuters. Vroom vs. AutoNation: Which Car Dealership Stock is a Better Buy?
Because the resurgence of COVID-19 cases is again benefitting automobile sales as people purchase cars to avoid public transport, the car dealership industry is well-positioned to witness sales growth. And we think AutoNation (NYSE:) and Vroom (VRM) should benefit from this. But which of these two stocks is a better buy now? Read more to find out.AutoNation, Inc. (AN) in Fort Lauderdale, Fla., operates as an automotive retailer in the United States through its subsidiaries. The company operates through three segments: Domestic, Import, and Premium Luxury. In comparison, Vroom, Inc. (VRM) in New York City operates an e-commerce platform to buy and sell new and used cars. It also offers financing solutions.
As governments worldwide reinstate lockdown and social distancing measures to limit the spread of the highly transmissible COVID-19 omicron variant, people are again starting to