Shares of AutoNation, Inc. (NYSE:AN – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the twelve analysts that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $250.00.
Several analysts have recently issued reports on the stock. Stephens upped their target price on shares of AutoNation from $220.00 to $232.00 and gave the company an “equal weight” rating in a research report on Monday, August 10th. JPMorgan Chase & Co. dropped their price target on AutoNation from $235.00 to $210.00 and set an “overweight” rating for the company in a research report on Tuesday, August 4th. Seaport Research Partners reissued a “buy” rating and set a $255.00 price objective on shares of AutoNation in a research note on Monday, August 3rd. Weiss Ratings upgraded AutoNation from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, August 17th. Finally, Wells Fargo & Company upped their price objective on AutoNation from $202.00 to $224.00 and gave the company an “equal weight” rating in a research report on Monday, August 3rd.
Check Out Our Latest Report on AN
Insider Buying and Selling at AutoNation
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of AN. Geneos Wealth Management Inc. raised its stake in shares of AutoNation by 37.4% in the first quarter. Geneos Wealth Management Inc. now owns 235 shares of the company’s stock valued at $38,000 after acquiring an additional 64 shares during the period. Employees Retirement System of Texas purchased a new position in shares of AutoNation during the 3rd quarter worth about $48,000. Smartleaf Asset Management LLC boosted its stake in shares of AutoNation by 49.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 259 shares of the company’s stock worth $54,000 after purchasing an additional 86 shares during the period. Bessemer Group Inc. boosted its stake in shares of AutoNation by 33.0% during the 1st quarter. Bessemer Group Inc. now owns 306 shares of the company’s stock worth $59,000 after purchasing an additional 76 shares during the period. Finally, Global Retirement Partners LLC bought a new position in AutoNation during the 2nd quarter valued at about $63,000. 94.62% of the stock is owned by hedge funds and other institutional investors.
AutoNation Trading Up 1.4%
AN stock opened at $199.23 on Tuesday. The firm has a fifty day moving average price of $201.07 and a 200 day moving average price of $197.38. AutoNation has a fifty-two week low of $176.62 and a fifty-two week high of $235.81. The firm has a market cap of $6.59 billion, a PE ratio of 9.23, a price-to-earnings-growth ratio of 0.82 and a beta of 0.71. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.18 and a current ratio of 0.78.
AutoNation (NYSE:AN – Get Free Report) last released its quarterly earnings data on Friday, July 31st. The company reported $5.56 EPS for the quarter, beating the consensus estimate of $5.48 by $0.08. AutoNation had a net margin of 2.82% and a return on equity of 31.24%. The business had revenue of $6.93 billion during the quarter, compared to analyst estimates of $7 billion. During the same quarter last year, the business earned $2.26 earnings per share. AutoNation’s quarterly revenue was down .6% compared to the same quarter last year. Sell-side analysts anticipate that AutoNation will post 21.69 earnings per share for the current fiscal year.
About AutoNation
AutoNation, Inc is the largest automotive retailer in the United States, operating a network of franchised new vehicle dealerships, pre-owned vehicle superstores and collision-repair centers. The company offers a comprehensive range of automotive products and services, including the sale of new cars and light trucks from leading manufacturers, certified pre-owned vehicles and a wide selection of used models. In addition to retail vehicle sales, AutoNation provides financing, insurance and extended service contracts through its in-house financial services division, as well as genuine and aftermarket parts, factory-recommended maintenance and collision-repair services.
Headquartered in Fort Lauderdale, Florida, AutoNation was founded in 1996 by entrepreneur H.
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