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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.
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2000 High Low
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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
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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.
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