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AutoNation (NYSE:AN) has earned a “BBB-” credit rating from Morningstar. The agency’s “BBB-” rating indicates that the company is a moderate default risk. They also issued a negative credit outlook for the company and gave their stock a two star rating.

Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of AutoNation in a research note on Thursday, August 28th. They now have a $57.00 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. AutoNation presently has an average rating of “Hold” and a consensus price target of $53.80.

Shares of AutoNation (NYSE:AN) opened at 54.04 on Wednesday. AutoNation has a 52 week low of $46.38 and a 52 week high of $61.29. The stock’s 50-day moving average is $54.96 and its 200-day moving average is $54.98. The company has a market cap of $6.406 billion and a price-to-earnings ratio of 16.69.

AutoNation (NYSE:AN) last announced its earnings results on Thursday, July 17th. The company reported $0.83 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.73 earnings per share. The company’s quarterly revenue was up 8.2% on a year-over-year basis. Analysts expect that AutoNation will post $3.35 EPS for the current fiscal year.

In other AutoNation news, COO Michael E. Maroone unloaded 220,250 shares of the stock on the open market in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $53.94, for a total transaction of $11,880,285.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

AutoNation, Inc (NYSE:AN) is an automotive retailer in the United States.

To view more credit ratings from Morningstar, visit www.morningstar.com.

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