AutoNation (NYSE:AN) was downgraded by TheStreet from a “b-” rating to a “c+” rating in a research note issued to investors on Tuesday.

Several other brokerages have also recently issued reports on AN. ValuEngine cut shares of AutoNation from a “sell” rating to a “strong sell” rating in a research note on Monday. SunTrust Banks started coverage on shares of AutoNation in a research note on Friday, August 24th. They set a “hold” rating and a $48.00 price objective for the company. Buckingham Research dropped their price objective on shares of AutoNation from $51.00 to $47.00 and set a “neutral” rating for the company in a research note on Thursday, August 2nd. Finally, Morgan Stanley cut shares of AutoNation from an “overweight” rating to an “underweight” rating and set a $57.00 price objective for the company. in a research note on Tuesday, July 10th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $52.88.

AN opened at $42.53 on Tuesday. AutoNation has a twelve month low of $42.20 and a twelve month high of $62.02. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.86 and a quick ratio of 0.20. The stock has a market cap of $3.82 billion, a P/E ratio of 11.16, a P/E/G ratio of 1.34 and a beta of 1.28.

AutoNation (NYSE:AN) last released its quarterly earnings results on Wednesday, August 1st. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.01. AutoNation had a net margin of 2.02% and a return on equity of 16.64%. The firm had revenue of $5.39 billion during the quarter, compared to the consensus estimate of $5.42 billion. During the same quarter in the prior year, the firm earned $0.86 EPS. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. sell-side analysts expect that AutoNation will post 4.7 earnings per share for the current fiscal year.

In other news, Director Rick L. Burdick sold 4,808 shares of the stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $47.00, for a total value of $225,976.00. Following the completion of the sale, the director now owns 38,686 shares of the company’s stock, valued at approximately $1,818,242. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Christopher Cade sold 1,443 shares of the stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $47.96, for a total transaction of $69,206.28. Following the completion of the sale, the chief accounting officer now directly owns 1,199 shares of the company’s stock, valued at approximately $57,504.04. The disclosure for this sale can be found here. In the last three months, insiders sold 85,455 shares of company stock valued at $4,056,689. Corporate insiders own 2.80% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Townsend & Associates Inc grew its stake in shares of AutoNation by 8.4% in the 2nd quarter. Townsend & Associates Inc now owns 13,234 shares of the company’s stock valued at $643,000 after buying an additional 1,028 shares during the period. Telemus Capital LLC grew its stake in shares of AutoNation by 1.8% in the 2nd quarter. Telemus Capital LLC now owns 69,776 shares of the company’s stock valued at $3,390,000 after buying an additional 1,219 shares during the period. Mutual of America Capital Management LLC grew its stake in shares of AutoNation by 2.5% in the 2nd quarter. Mutual of America Capital Management LLC now owns 50,544 shares of the company’s stock valued at $2,455,000 after buying an additional 1,233 shares during the period. Guggenheim Capital LLC grew its stake in shares of AutoNation by 1.6% in the 1st quarter. Guggenheim Capital LLC now owns 103,364 shares of the company’s stock valued at $4,836,000 after buying an additional 1,601 shares during the period. Finally, State of Alaska Department of Revenue boosted its position in shares of AutoNation by 40.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 6,360 shares of the company’s stock worth $308,000 after purchasing an additional 1,820 shares during the period. 65.93% of the stock is owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for AutoNation (NYSE:AN)

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