AutoNation (NYSE:AN) had its target price upped by Morgan Stanley from $49.00 to $57.00 in a research note published on Wednesday. They currently have an overweight rating on the stock.
Other research analysts have also issued research reports about the stock. Bank of America reiterated a hold rating and set a $65.00 price objective on shares of AutoNation in a research note on Thursday, February 1st. Jefferies Group reiterated a hold rating and set a $60.00 price objective on shares of AutoNation in a research note on Friday, February 2nd. Finally, Moffett Nathanson began coverage on shares of AutoNation in a research note on Monday, December 4th. They set a neutral rating for the company. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. AutoNation currently has an average rating of Hold and an average target price of $50.78.
AutoNation (NYSE AN) opened at $51.12 on Wednesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.25 and a current ratio of 0.85. The company has a market cap of $4,677.55, a P/E ratio of 12.96, a P/E/G ratio of 1.21 and a beta of 1.36. AutoNation has a 52 week low of $38.20 and a 52 week high of $62.02.
AutoNation (NYSE:AN) last posted its quarterly earnings data on Thursday, February 1st. The company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.92 by $0.10. The firm had revenue of $5.68 billion during the quarter, compared to analyst estimates of $5.57 billion. AutoNation had a net margin of 2.02% and a return on equity of 16.24%. AutoNation’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.86 EPS. analysts forecast that AutoNation will post 4.92 earnings per share for the current year.
In other AutoNation news, Director Robert R. Grusky sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $60.00, for a total transaction of $300,000.00. Following the transaction, the director now owns 37,677 shares in the company, valued at approximately $2,260,620. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert R. Grusky sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $51.99, for a total transaction of $519,900.00. Following the transaction, the director now owns 32,677 shares in the company, valued at approximately $1,698,877.23. The disclosure for this sale can be found here. Insiders have sold a total of 20,000 shares of company stock worth $1,094,900 in the last 90 days. 2.80% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue purchased a new stake in shares of AutoNation in the 4th quarter valued at $195,000. Sheaff Brock Investment Advisors LLC purchased a new stake in shares of AutoNation in the 3rd quarter valued at $212,000. MANA Advisors LLC purchased a new stake in shares of AutoNation in the 4th quarter valued at $218,000. DekaBank Deutsche Girozentrale boosted its holdings in shares of AutoNation by 22.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 5,918 shares of the company’s stock valued at $263,000 after acquiring an additional 1,092 shares during the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings in shares of AutoNation by 36.8% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 5,200 shares of the company’s stock valued at $267,000 after acquiring an additional 1,400 shares during the last quarter. 69.28% of the stock is currently owned by institutional investors and hedge funds.
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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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