Analysts Set AutoNation, Inc. (AN) Price Target at $46.29

AutoNation, Inc. (NYSE:AN) has earned an average recommendation of “Hold” from the fifteen research firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $46.29.

Several brokerages recently issued reports on AN. ValuEngine upgraded shares of AutoNation from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. Berenberg Bank began coverage on shares of AutoNation in a research note on Wednesday, October 4th. They issued a “buy” rating and a $55.00 price target for the company. Moffett Nathanson began coverage on shares of AutoNation in a research note on Monday, December 4th. They issued a “neutral” rating for the company. Susquehanna Bancshares lowered shares of AutoNation to a “neutral” rating and increased their price target for the stock from $36.00 to $38.00 in a research note on Monday, October 2nd. Finally, UBS Group lowered shares of AutoNation from a “positive” rating to a “neutral” rating in a research note on Thursday, September 28th.

Shares of AutoNation (NYSE:AN) traded up $0.26 during midday trading on Tuesday, reaching $57.96. 487,942 shares of the company’s stock traded hands, compared to its average volume of 830,077. 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 1-year low of $38.20 and a 1-year high of $58.44. The company has a market cap of $5,290.00, a price-to-earnings ratio of 14.60, a PEG ratio of 2.20 and a beta of 1.28.

AutoNation (NYSE:AN) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $1.00 EPS for the quarter, topping the Thomson Reuters’ 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 business had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.58 billion. During the same period in the prior year, the business earned $1.05 EPS. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. research analysts expect that AutoNation will post 3.75 EPS for the current year.

In related news, Director Robert R. Grusky sold 10,000 shares of the stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $51.99, for a total transaction of $519,900.00. Following the sale, the director now directly owns 32,677 shares of the company’s stock, valued at approximately $1,698,877.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Donna L. Parlapiano sold 3,367 shares of the stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $51.81, for a total transaction of $174,444.27. Following the sale, the executive vice president now directly owns 11,469 shares in the company, valued at $594,208.89. The disclosure for this sale can be found here. Insiders have sold a total of 27,733 shares of company stock worth $1,471,647 over the last three months. 3.10% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in AutoNation by 0.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,890 shares of the company’s stock valued at $206,000 after purchasing an additional 24 shares during the last quarter. Sheaff Brock Investment Advisors LLC purchased a new stake in AutoNation during the 3rd quarter valued at about $212,000. Nomura Holdings Inc. purchased a new stake in AutoNation during the 2nd quarter valued at about $219,000. Pinebridge Investments L.P. purchased a new stake in AutoNation during the 2nd quarter valued at about $250,000. Finally, DekaBank Deutsche Girozentrale grew its position in AutoNation by 22.6% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 5,918 shares of the company’s stock valued at $263,000 after purchasing an additional 1,092 shares during the last quarter. 77.74% of the stock is currently owned by institutional investors.

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About AutoNation

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.

Analyst Recommendations for AutoNation (NYSE:AN)

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