AutoNation, Inc. (NYSE:AN) Receives Consensus Rating of “Hold” from Brokerages
Shares of AutoNation, Inc. (NYSE:AN) have been given a consensus recommendation of “Hold” by the sixteen brokerages that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $46.20.
AN has been the subject of several recent research reports. Morgan Stanley dropped their price target on AutoNation from $57.00 to $53.00 and set an “overweight” rating for the company in a research report on Friday, June 9th. Deutsche Bank AG reiterated a “hold” rating and issued a $50.00 price target (down previously from $52.00) on shares of AutoNation in a research report on Saturday, April 29th. ValuEngine lowered AutoNation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Wells Fargo & Company reiterated a “market perform” rating and issued a $45.00 price target (down previously from $48.50) on shares of AutoNation in a research report on Monday, July 17th. Finally, BidaskClub upgraded AutoNation from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 29th.
In other news, Director Robert R. Grusky sold 2,800 shares of AutoNation stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $38.99, for a total transaction of $109,172.00. Following the completion of the sale, the director now owns 30,713 shares of the company’s stock, valued at $1,197,499.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.10% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its stake in AutoNation by 23.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,435,057 shares of the company’s stock valued at $102,661,000 after buying an additional 459,599 shares in the last quarter. Ramsey Quantitative Systems bought a new stake in AutoNation during the second quarter valued at $312,000. Parametric Portfolio Associates LLC increased its stake in AutoNation by 29.4% in the second quarter. Parametric Portfolio Associates LLC now owns 158,191 shares of the company’s stock valued at $6,669,000 after buying an additional 35,905 shares in the last quarter. Cibc World Markets Corp increased its stake in AutoNation by 35.8% in the second quarter. Cibc World Markets Corp now owns 9,296 shares of the company’s stock valued at $392,000 after buying an additional 2,450 shares in the last quarter. Finally, M&T Bank Corp increased its stake in AutoNation by 34.4% in the second quarter. M&T Bank Corp now owns 99,062 shares of the company’s stock valued at $4,176,000 after buying an additional 25,350 shares in the last quarter. 65.97% of the stock is owned by hedge funds and other institutional investors.
AutoNation (AN) traded up 1.63% during trading on Friday, reaching $41.04. The company had a trading volume of 1,250,747 shares. AutoNation has a one year low of $38.20 and a one year high of $53.74. The firm’s 50-day moving average price is $41.48 and its 200 day moving average price is $42.96. The firm has a market capitalization of $4.12 billion, a P/E ratio of 10.22 and a beta of 1.24.
AutoNation (NYSE:AN) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.86 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.98 by $0.12. The firm had revenue of $5.28 billion for the quarter, compared to analysts’ expectations of $5.56 billion. AutoNation had a net margin of 1.90% and a return on equity of 16.71%. The company’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.08 EPS. Equities analysts forecast that AutoNation will post $3.59 earnings per share for the current fiscal year.
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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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