AutoNation, Inc. (NYSE:AN – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the eleven analysts that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $246.90.
A number of analysts recently weighed in on AN shares. Barclays increased their price objective on shares of AutoNation from $240.00 to $255.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Wells Fargo & Company boosted their target price on shares of AutoNation from $207.00 to $208.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Weiss Ratings upgraded shares of AutoNation from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Morgan Stanley reaffirmed an “overweight” rating and issued a $240.00 target price on shares of AutoNation in a research report on Thursday, May 7th. Finally, Citigroup raised their price objective on shares of AutoNation from $269.00 to $287.00 and gave the company a “buy” rating in a research note on Thursday, May 14th.
View Our Latest Stock Report on AutoNation
Insider Activity at AutoNation
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada grew its position in shares of AutoNation by 8.9% during the 1st quarter. Royal Bank of Canada now owns 18,953 shares of the company’s stock worth $3,070,000 after buying an additional 1,551 shares during the period. United Services Automobile Association acquired a new stake in shares of AutoNation during the first quarter valued at about $265,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in AutoNation by 10.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 98,610 shares of the company’s stock worth $15,967,000 after purchasing an additional 9,656 shares during the period. Focus Partners Wealth increased its position in shares of AutoNation by 17.3% during the first quarter. Focus Partners Wealth now owns 3,472 shares of the company’s stock worth $562,000 after acquiring an additional 511 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in shares of AutoNation by 37.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 235 shares of the company’s stock valued at $38,000 after buying an additional 64 shares during the last quarter. 94.62% of the stock is owned by institutional investors.
AutoNation Price Performance
AutoNation stock opened at $186.20 on Thursday. The company has a market cap of $6.23 billion, a price-to-earnings ratio of 10.09, a PEG ratio of 1.05 and a beta of 0.74. The business’s 50 day simple moving average is $195.79 and its 200 day simple moving average is $201.35. AutoNation has a 12 month low of $176.62 and a 12 month high of $228.92. The company has a current ratio of 0.81, a quick ratio of 0.20 and a debt-to-equity ratio of 2.62.
AutoNation (NYSE:AN – Get Free Report) last released its quarterly earnings data on Friday, May 1st. The company reported $4.69 EPS for the quarter, missing the consensus estimate of $4.71 by ($0.02). AutoNation had a return on equity of 31.45% and a net margin of 2.47%.The company had revenue of $6.55 billion during the quarter, compared to analysts’ expectations of $6.65 billion. During the same quarter in the prior year, the firm posted $4.68 EPS. The firm’s quarterly revenue was down 2.1% on a year-over-year basis. Sell-side analysts forecast that AutoNation will post 21.19 EPS for the current 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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