Berkshire Hathaway Car dealer Acquisition Puts Other Dealers In Play

Following the news of the Berkshire Hathaway purchase of the privately held Van Tuyl Auto Group, other names in the auto dealer space appear to be garnering interest from speculators regarding the next potential candidate for acquisition. In the automotive data provider sector, both TrueCar TRUE and Autobytel ABTL have seen large stock and volume increases the past two trading days. Auto Dealer stocks are also seeing a nice two-day ramp. Some of the notable names and two day gains include: Auto Nation AN : last 53.68, 9.2 percent two day gain Penske Auto Group PAG: last 43.70, 7.67 percent two day gain Lithia Motors LAD: last 84.13, 14.57 percent two day gain Asbury Automotive ABG: last 68.73, 8.75 percent two day gain Shares of Penske Auto Group were trading at a yearly low before news of the Berkshire Hathaway acquisition was announced, while the other auto retailers were trading at 3 month lows, perhaps highlighting the famed Buffett value proposition in this sector.