Shares of AutoNation, Inc. (NYSE:AN) have been assigned an average rating of “Hold” from the fifteen ratings firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $50.75.
A number of equities research analysts have issued reports on the stock. ValuEngine downgraded shares of AutoNation from a “buy” rating to a “hold” rating in a research note on Wednesday, March 28th. Jefferies Group reissued a “hold” rating and issued a $60.00 target price on shares of AutoNation in a report on Friday, February 2nd. Bank of America reissued a “hold” rating and issued a $65.00 target price on shares of AutoNation in a report on Thursday, February 1st. Guggenheim initiated coverage on shares of AutoNation in a report on Monday. They issued a “neutral” rating for the company. Finally, Morgan Stanley increased their target price on shares of AutoNation from $49.00 to $57.00 and gave the stock an “overweight” rating in a report on Wednesday, March 14th.
AutoNation stock traded down $0.79 during trading hours on Thursday, reaching $46.70. 401,062 shares of the stock were exchanged, compared to its average volume of 898,560. The company has a market capitalization of $4,323.11, a price-to-earnings ratio of 12.25, a PEG ratio of 1.13 and a beta of 1.40. The company has a quick ratio of 0.25, a current ratio of 0.85 and a debt-to-equity ratio of 0.83. AutoNation has a twelve month low of $38.20 and a twelve month high of $62.02.
AutoNation (NYSE:AN) last announced its quarterly earnings data on Thursday, February 1st. The company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.10. The firm had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.57 billion. AutoNation had a net margin of 2.02% and a return on equity of 16.24%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.86 earnings per share. sell-side analysts expect that AutoNation will post 4.9 earnings per share for the current year.
In related news, Director Robert R. Grusky sold 5,000 shares of the firm’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 value of $300,000.00. Following the completion of 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 SEC, which can be accessed through this link. 2.80% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of AN. New York State Common Retirement Fund increased its position in AutoNation by 5.3% during the 3rd quarter. New York State Common Retirement Fund now owns 138,300 shares of the company’s stock valued at $6,564,000 after purchasing an additional 7,000 shares during the period. JPMorgan Chase & Co. increased its position in AutoNation by 32.3% during 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 during the period. Envestnet Asset Management Inc. increased its position in AutoNation by 35.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 8,133 shares of the company’s stock valued at $386,000 after purchasing an additional 2,122 shares during the period. Janus Henderson Group PLC increased its position in AutoNation by 24.0% during the 3rd quarter. Janus Henderson Group PLC now owns 8,272 shares of the company’s stock valued at $393,000 after purchasing an additional 1,600 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in AutoNation during the 3rd quarter valued at approximately $751,000. Institutional investors and hedge funds own 69.36% of the company’s stock.
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AutoNation Company Profile
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.
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