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Am I correct in seeing "red flags" in the Carfax for this Lexus?

  

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A local dealer has a 2013 Lexus GS350 with 53K miles for sale.  Asking price is $21,900, which seems low given the mileage and the additional equipment (Premium package, etc.)

I took a look at the Carfax, and it left me with enough questions I decided to pass on the vehicle.   Would like to run my concerns past the group, though, to see if I am on point or if I was maybe reading too much into things.

-The car has had 5 owners in 10 years.  Two of those owners owned the car for less than a year (4 months and 8 months, the latter being the most recent owner) before selling it.

-The car has had significant periods of "lot time", with it sitting on a lot 6 months one time before selling, and nearly 5 months for the current dealer. Also, the car twice went straight to an auto auction.

Collectively, it looks to me like this is a car that has had some sort of ongoing issue(s) and the current dealership wants to offload it as fast as they can. 

Thoughts?

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Let me tell you something. Five owners and 10 years run away from that car. There's too many possibilities of flooding or whatever. That's a red flag right there

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