Lampert Boosts Bet On AutoNation

Feb 14 2008 | 1:11am ET

Edward Lampert’s faith in auto retailer AutoNation Inc. has been rewarded so far this year, and he’s betting that’s just a sign of things to come.

Lampert’s hedge fund, ESL Investments, bought another $20 million worth of AutoNation shares earlier this week, taking its stake up to almost 33%. ESL revealed its new investment in a filing with the Securities and Exchange Commission yesterday.

Shares in Fort Lauderdale, Fla.-based AutoNation are up more than 25% since the middle of January.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...

 

From the current issue of