Eddie Lampert increases AutoNation stake to 37.9%

"Billionaire investor Edward Lampert has raised his stake in AutoNation Inc (AN), the No. 1 U.S. auto dealership group, to nearly 38 percent, according to federal regulatory filings.

Lampert, who is also chairman of Sears Holdings Corp (SHLD), bought 383,500 shares on April 30 for prices ranging from $15.89 to $16 per share, raising holdings under his control to about 67.6 million shares."-Stock Article Link

Personally I don't see the attraction to this stock. It's high in debt, low in ROE....time to read the transcript and see if I can find anything interesting...Earning Transcript Link

Recent Insider Buys

30-Apr-08 LAMPERT EDWARD S
Beneficial Owner (10% or more) 344,113 Indirect Purchase at $15.89 - $16 per share. $5,487,0002

30-Apr-08 LAMPERT EDWARD S
Beneficial Owner (10% or more) 39,387 Indirect Purchase at $15.98 - $16 per share. $630,0002

29-Apr-08 MIGOYA CARLOS A
Director 5,000 Direct Purchase at $16.17 per share. $80,850

29-Apr-08 LAMPERT EDWARD S
Beneficial Owner (10% or more) 234,033 Indirect Purchase at $15.89 - $16 per share. $3,732,0002

29-Apr-08 LAMPERT EDWARD S
Beneficial Owner (10% or more) 5,967 Indirect Purchase at $15.89 - $15.98 per share. $95,0002

28-Apr-08 LAMPERT EDWARD S
Beneficial Owner (10% or more) 190,056 Indirect Purchase at $15.62 - $16 per share. $3,005,0002

28-Apr-08 LAMPERT EDWARD S
Beneficial Owner (10% or more) 61,432 Indirect Purchase at $15.81 - $16 per share. $977,0002

28-Apr-08 LAMPERT EDWARD S
Beneficial Owner (10% or more) 120,565 Indirect Purchase at $15.62 - $15.99 per share. $1,906,0002