JPMorgan analyst Rajat Gupta expects AutoNation shares to underperform the broader dealership group following the "surprise" CEO change announcement, which he views as a negative. The news overshadows the company's better than expected Q2 results, Gupta tells investors in a research note. The analyst is surprised by Carl Leibert's departure after being in the role for less than five months. He keeps an Underweight rating on shares of AutoNation.
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