AutoNation Given Average Recommendation of “Hold” by Brokerages (NYSE:AN)
Shares of AutoNation (NYSE:AN) have been given a consensus recommendation of “Hold” by the eight brokerages that are covering the company, Analyst Ratings.Net reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $53.80.
In other AutoNation news, major shareholder Edward S. Lampert sold 412,908 shares of AutoNation stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $57.12, for a total value of $23,585,304.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
AutoNation (NYSE:AN) traded up 2.57% during mid-day trading on Friday, hitting $57.96. 512,697 shares of the company’s stock traded hands. AutoNation has a 52 week low of $41.89 and a 52 week high of $57.93. The stock has a 50-day moving average of $55.66 and a 200-day moving average of $52.36. The company has a market cap of $6.920 billion and a P/E ratio of 17.93.
AutoNation (NYSE:AN) last posted its quarterly earnings results on Thursday, April 17th. The company reported $0.75 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.75. The company had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter in the previous year, the company posted $0.68 earnings per share. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, analysts predict that AutoNation will post $3.39 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs upgraded shares of AutoNation from a “neutral” rating to a “buy” rating in a research note on Friday. They now have a $65.00 price target on the stock, up previously from $56.00. Separately, analysts at Wells Fargo & Co. initiated coverage on shares of AutoNation in a research note on Wednesday, April 16th. They set a “market perform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of AutoNation in a research note on Thursday, April 10th. They now have a $57.00 price target on the stock.
AutoNation, Inc (NYSE:AN) is an automotive retailer in the United States.