AutoNation (AN) Now Covered by Analysts at Guggenheim

Stock analysts at Guggenheim initiated coverage on shares of AutoNation (NYSE:AN) in a research report issued to clients and investors on Monday. The firm set a “neutral” rating on the stock.

Several other brokerages have also commented on AN. Morgan Stanley raised their price target on AutoNation from $49.00 to $57.00 and gave the company an “overweight” rating in a research note on Wednesday, March 14th. Bank of America set a $68.00 price target on AutoNation and gave the stock a “hold” rating in a research note on Friday, February 9th. Jefferies Group restated a “hold” rating and set a $60.00 price target on shares of AutoNation in a research note on Friday, February 2nd. Finally, ValuEngine lowered AutoNation from a “buy” rating to a “hold” rating in a research note on Wednesday, March 28th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $50.78.

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AutoNation stock traded up $0.01 during midday trading on Monday, hitting $46.90. The stock had a trading volume of 103,777 shares, compared to its average volume of 904,985. The firm has a market capitalization of $4,234.96, a price-to-earnings ratio of 12.31, a P/E/G ratio of 1.10 and a beta of 1.40. AutoNation has a 52-week low of $38.20 and a 52-week high of $62.02. The company has a current ratio of 0.85, a quick ratio of 0.25 and a debt-to-equity ratio of 0.83.

AutoNation (NYSE:AN) last released its earnings results on Thursday, February 1st. The company reported $1.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.10. AutoNation had a net margin of 2.02% and a return on equity of 16.24%. The company had revenue of $5.68 billion during the quarter, compared to analyst estimates of $5.57 billion. During the same period in the prior year, the firm posted $0.86 EPS. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. analysts predict that AutoNation will post 4.9 EPS for the current year.

In other news, Director Robert R. Grusky sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $60.00, for a total transaction of $300,000.00. Following the completion of the transaction, the director now directly owns 37,677 shares of the company’s stock, valued at approximately $2,260,620. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 2.80% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its position in AutoNation by 32.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 59,971 shares of the company’s stock valued at $2,834,000 after purchasing an additional 14,656 shares in the last quarter. Gabelli Funds LLC lifted its holdings in shares of AutoNation by 0.5% in the 4th quarter. Gabelli Funds LLC now owns 561,800 shares of the company’s stock valued at $28,837,000 after buying an additional 3,000 shares during the period. Liberty Mutual Group Asset Management Inc. acquired a new stake in shares of AutoNation in the 4th quarter valued at approximately $851,000. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of AutoNation in the 4th quarter valued at approximately $5,215,000. Finally, Swiss National Bank lifted its holdings in shares of AutoNation by 0.5% in the 4th quarter. Swiss National Bank now owns 241,500 shares of the company’s stock valued at $12,396,000 after buying an additional 1,100 shares during the period. Hedge funds and other institutional investors own 69.36% of the company’s stock.

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About AutoNation

AutoNation, Inc, through its subsidiaries, operates as an automotive retailer in the United States. The company operates through three segments: Domestic, Import, and Premium Luxury. It offers a range of automotive products and services, including new and used vehicles; and parts and services, such as automotive repair and maintenance, and wholesale parts and collision services.

Analyst Recommendations for AutoNation (NYSE:AN)

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