AutoNation (NYSE:AN) was downgraded by research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued on Monday.

AN has been the topic of a number of other reports. Buckingham Research cut their price target on AutoNation from $51.00 to $47.00 and set a “neutral” rating on the stock in a report on Thursday, August 2nd. Morgan Stanley downgraded AutoNation from an “overweight” rating to an “underweight” rating and set a $57.00 price target on the stock. in a report on Tuesday, July 10th. Finally, SunTrust Banks initiated coverage on AutoNation in a report on Friday, August 24th. They issued a “hold” rating and a $48.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $52.88.

AN opened at $42.53 on Monday. The firm has a market cap of $3.99 billion, a price-to-earnings ratio of 11.23, a PEG ratio of 1.40 and a beta of 1.29. AutoNation has a 52 week low of $42.43 and a 52 week high of $62.02. The company has a current ratio of 0.86, a quick ratio of 0.20 and a debt-to-equity ratio of 0.78.

AutoNation (NYSE:AN) last released its quarterly earnings data on Wednesday, August 1st. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.13 by $0.01. The company had revenue of $5.39 billion for the quarter, compared to the consensus estimate of $5.42 billion. AutoNation had a return on equity of 16.64% and a net margin of 2.02%. AutoNation’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the business posted $0.86 EPS. equities research analysts forecast that AutoNation will post 4.7 EPS for the current fiscal year.

In other news, Director Rick L. Burdick sold 4,808 shares of the firm’s stock in a transaction on Monday, August 20th. The stock was 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David B. Edelson sold 42,000 shares of the firm’s stock in a transaction on Tuesday, July 10th. The stock was sold at an average price of $48.28, for a total value of $2,027,760.00. Following the completion of the sale, the director now directly owns 70,946 shares of the company’s stock, valued at approximately $3,425,272.88. The disclosure for this sale can be found here. Insiders sold a total of 85,455 shares of company stock worth $4,056,689 over the last quarter. Company insiders own 2.80% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its position in shares of AutoNation by 1.3% in the 1st quarter. BlackRock Inc. now owns 5,742,635 shares of the company’s stock worth $268,640,000 after purchasing an additional 73,259 shares in the last quarter. Artisan Partners Limited Partnership boosted its position in shares of AutoNation by 2.1% in the 2nd quarter. Artisan Partners Limited Partnership now owns 5,015,761 shares of the company’s stock worth $243,666,000 after purchasing an additional 101,833 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of AutoNation by 8.8% in the 2nd quarter. Victory Capital Management Inc. now owns 3,512,036 shares of the company’s stock worth $170,615,000 after purchasing an additional 283,775 shares in the last quarter. Kiltearn Partners LLP boosted its position in shares of AutoNation by 0.7% in the 1st quarter. Kiltearn Partners LLP now owns 1,891,474 shares of the company’s stock worth $86,724,000 after purchasing an additional 12,900 shares in the last quarter. Finally, OppenheimerFunds Inc. boosted its position in shares of AutoNation by 0.5% in the 1st quarter. OppenheimerFunds Inc. now owns 1,726,590 shares of the company’s stock worth $80,770,000 after purchasing an additional 8,799 shares in the last quarter. 65.93% of the stock is owned by hedge funds and other institutional investors.

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.

Featured Story: Price to Earnings Ratio (PE)

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for AutoNation (NYSE:AN)

Receive News & Ratings for AutoNation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AutoNation and related companies with MarketBeat.com's FREE daily email newsletter.