AutoNation (AN -1.5%) edges lower after UBS reiterates a Sell, stating it's unimpressed with the...

|About: AutoNation Inc (AN)|By:, SA News Editor

AutoNation (AN -1.5%) edges lower after UBS reiterates a Sell, stating it's unimpressed with the car dealership chain's Q4 results. While noting AutoNation's bullish outlook (I, II) for 2012 industry sales, UBS is worried about declining margins in multiple product categories, as well as AutoNation's "unsustainable share repurchases" and "premium valuation."