AutoNation Inc.'s $50 million investment in Vroom Inc., an online used-vehicle retailer, could lead to a strategic partnership, CEO Mike Jackson said. But the company isn't committing to that yet.
"I like to create different paths to success, and I think this investment in Vroom is a possibility," Jackson said. "But for today, it's an investment."
The investment, announced last week, gives AutoNation a 7 percent stake in Vroom.