AutoNation Receives Consensus Rating of “Hold” from Brokerages (NYSE:AN)
AutoNation (NYSE:AN) has earned an average rating of “Hold” from the eight analysts that are currently covering the stock, American Banking News reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $55.00.
In other AutoNation news, major shareholder Edward S. Lampert sold 560,839 shares of the company’s stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $56.85, for a total transaction of $31,883,697.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
A number of research firms have recently commented on AN. Analysts at Zacks reiterated a “neutral” rating on shares of AutoNation in a research note on Thursday, July 3rd. They now have a $63.00 price target 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, June 20th. They now have a $65.00 price target on the stock, up previously from $56.00.
AutoNation (NYSE:AN) traded down 0.53% on Wednesday, hitting $54.45. The stock had a trading volume of 99,532 shares. AutoNation has a one year low of $44.92 and a one year high of $61.29. The stock has a 50-day moving average of $58.15 and a 200-day moving average of $54.1. The company has a market cap of $6.454 billion and a P/E ratio of 16.84.
AutoNation (NYSE:AN) last announced its earnings results on Thursday, July 17th. The company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by $0.03. The company had revenue of $4.80 billion for the quarter, compared to the consensus estimate of $4.79 billion. During the same quarter in the previous year, the company posted $0.73 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, analysts predict that AutoNation will post $3.35 earnings per share for the current fiscal year.
AutoNation, Inc (NYSE:AN) is an automotive retailer in the United States.
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