Auto Dealers Surge as Warren Buffett Enters the Fray

Auto dealer stocks are sharply higher Thursday on deal speculation after Warren Buffet's Berkshire Hathaway acquired Van Tuyl Group, the nation's largest privately-owned auto dealership group and fifth overall. On CNBC, Mr. Buffett and Van Tuyl Group CEO, Larry Van Tuyl, said they will look to consolidate the fragmented sector.

Around the Sector:

• Asbury Automotive Group (NYSE: ABG) +4.9%
• AutoNation (NYSE: AN) +4.6%
• Group 1 Automotive (NYSE: GPI) +3.9%
• Lithia Motors (NYSE: LAD) +9%
• Penske Automotive Group (NYSE: PAG) +3.6%
• Sonic Automotive Inc. (NYSE: SAH) +3.4%

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