After AutoNation reported better than expected Q2 results and also announced that Carl Liebert was being replaced as CEO after just four months on the job, Stephens analyst Rick Nelson said that other than the timing he was "not shocked" by the news given that he viewed the executive as an "unusual pick" from the start due to his having little automotive background. Nelson said he has "high regard" for Liebert's replacement, Cheryl Miller, who brings 10 years of experience in financial roles at AutoNation. The analyst, who critiqued Liebert's "unusual go-to market strategy," has placed his Equal Weight rating and $45 price target on AutoNation shares under review.