Press coverage about AutoNation (NYSE:AN) has trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. AutoNation earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave press coverage about the company an impact score of 46.5861076574722 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company reiterated a “market perform” rating and issued a $50.00 price target (up from $40.00) on shares of AutoNation in a research report on Monday, November 6th. Susquehanna Bancshares Inc restated a “negative” rating on shares of AutoNation in a research report on Thursday, September 28th. ValuEngine upgraded shares of AutoNation from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. Jefferies Group LLC upped their price target on shares of AutoNation from $44.00 to $50.00 and gave the stock a “hold” rating in a report on Friday, November 3rd. Finally, BidaskClub upgraded shares of AutoNation from a “strong sell” rating to a “sell” rating in a report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $46.88.
AutoNation (AN) traded up $1.03 during mid-day trading on Friday, hitting $52.48. 1,432,500 shares of the stock were exchanged, compared to its average volume of 1,345,857. The company has a quick ratio of 0.17, a current ratio of 0.73 and a debt-to-equity ratio of 0.59. AutoNation has a one year low of $38.20 and a one year high of $55.77. The company has a market cap of $4,694.49, a PE ratio of 13.33, a PEG ratio of 1.94 and a beta of 1.24.
AutoNation (NYSE:AN) last posted its earnings results on Thursday, November 2nd. The company reported $1.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.16. AutoNation had a net margin of 1.87% and a return on equity of 16.40%. The company had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.58 billion. During the same quarter in the prior year, the business posted $1.05 EPS. The firm’s revenue was down 2.4% compared to the same quarter last year. research analysts forecast that AutoNation will post 3.73 EPS for the current year.
AutoNation declared that its board has authorized a share buyback plan on Tuesday, August 29th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the company to repurchase up to 6% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.
In other news, major shareholder Edward S. Lampert sold 3,480 shares of the stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $55.61, for a total transaction of $193,522.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.10% of the stock is owned by corporate insiders.
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AutoNation Company Profile
AutoNation, Inc (AutoNation) is an automotive retailer in the United States. The Company offers a range of automotive products and services, including new vehicles, used vehicles, parts and service, which includes automotive repair and maintenance services, as well as wholesale parts and collision businesses, and automotive finance and insurance products, including vehicle service and other protection products, as well as the arranging of financing for vehicle purchases through third-party finance sources.
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