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Dealer Stocks Simmer Following Hot Streak

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Feb. 15, 2018—Auto dealer stocks have continued to cool off, after reaching record highs in the last part of January (due to tax benefit optimism), as noted in a report by investing website Seeking Alpha.

Notable auto stocks that have declined recently include Sonic Automotive (minus-3.7 percent); CarMax (minus-3.5 percent); Group 1 Automotive (minus-3.6 percent); AutoNation (minus-2.2 percent); Penske Automotive (minus-2.3 percent); and Asbury Automotive Group (minus-1.8 percent).

Much of the sector is still up on a year-to-date basis, however, Seeking Alpha noted.

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