AutoNation 2000 Annual Report Download - page 19

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PART II
ITEM 5. MARKET FOR THE REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER
MATTERS
Market Information, Holders and Dividends
Since April 6, 1999, our common stock has traded on The New York Stock
Exchange under the symbol "AN." From June 20, 1997 until April 5, 1999 our
common stock traded on the NYSE under the symbol "RII." The following table
sets forth, for the periods indicated, the high and low prices per share of the
common stock as reported on the New York Stock Exchange Composite Transactions
Tape.
2000 High Low
---------------------------------- ---------- -----------
First Quarter .................. $ 9.31 $ 6.13
Second Quarter ................. 10.75 7.00
Third Quarter .................. 7.31 5.63
Fourth Quarter ................. 7.19 4.63
1999 High Low
---------------------------------- ----------- -----------
First Quarter .................. $ 16.94 $ 12.13
Second Quarter ................. 18.38 11.63
Third Quarter .................. 17.88 11.50
Fourth Quarter ................. 12.69 7.50
On March 26, 2001, the closing price of our common stock was $8.35 per
share as reported by the NYSE. On March 26, 2001, there were approximately
3,700 holders of record of our common stock.
We have not declared or paid any cash dividends on our common stock during
our two most recent fiscal years. We currently intend to retain our earnings
for future growth and, therefore, we do not anticipate paying cash dividends in
the foreseeable future.
On June 30, 2000, we completed the tax-free spin-off to our stockholders
of all of the capital stock of ANC Rental Corporation. The spin-off was
completed by issuing to each AutoNation stockholder of record as of June 16,
2000 one share of ANC Rental common stock for each eight shares of AutoNation
common stock held by such stockholder. The stock prices presented above reflect
historical stock prices during fiscal 2000 and 1999 and have not been restated
to reflect the impact on our common stock of the distribution of ANC Rental
common stock to our stockholders.
17