AutoNation, Inc. (AN) Receives Average Rating of “Hold” from Analysts
AutoNation, Inc. (NYSE:AN) has been given a consensus rating of “Hold” by the sixteen ratings firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $46.20.
Several equities research analysts recently commented on the company. Deutsche Bank AG reaffirmed a “hold” rating and set a $43.00 target price (down previously from $46.00) on shares of AutoNation in a research note on Wednesday. BidaskClub cut AutoNation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Buckingham Research reduced their price objective on AutoNation from $44.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, August 3rd. Wells Fargo & Company reissued a “market perform” rating and issued a $45.00 price objective (down previously from $48.50) on shares of AutoNation in a research note on Monday, July 17th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $49.00 price objective on shares of AutoNation in a research note on Thursday, July 6th.
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Shares of AutoNation (NYSE AN) traded up 1.63% during mid-day trading on Friday, reaching $41.04. The company had a trading volume of 1,250,747 shares. AutoNation has a 52-week low of $38.20 and a 52-week high of $53.74. The company has a market cap of $4.12 billion, a price-to-earnings ratio of 10.22 and a beta of 1.24. The firm’s 50-day moving average price is $41.48 and its 200 day moving average price is $42.96.
AutoNation (NYSE:AN) last released its earnings results on Wednesday, August 2nd. The company reported $0.86 EPS for the quarter, missing the consensus estimate of $0.98 by $0.12. AutoNation had a return on equity of 16.71% and a net margin of 1.90%. The business had revenue of $5.28 billion for the quarter, compared to analyst estimates of $5.56 billion. During the same period in the prior year, the business earned $1.08 EPS. The company’s revenue for the quarter was down 3.0% on a year-over-year basis. Equities analysts expect that AutoNation will post $3.59 EPS for the current year.
In other news, Director Robert R. Grusky sold 2,800 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $38.99, for a total value of $109,172.00. Following the transaction, the director now owns 30,713 shares in the company, valued at $1,197,499.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.10% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of AN. Invictus RG raised its stake in shares of AutoNation by 58.2% in the first quarter. Invictus RG now owns 4,981 shares of the company’s stock worth $211,000 after buying an additional 1,833 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of AutoNation by 78.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 30,345 shares of the company’s stock worth $1,244,000 after buying an additional 13,371 shares during the period. Clinton Group Inc. acquired a new stake in shares of AutoNation during the first quarter worth approximately $2,065,000. Dynamic Capital Management Ltd acquired a new stake in shares of AutoNation during the first quarter worth approximately $581,000. Finally, California Public Employees Retirement System raised its stake in shares of AutoNation by 1.5% in the first quarter. California Public Employees Retirement System now owns 161,200 shares of the company’s stock worth $6,817,000 after buying an additional 2,400 shares during the period. Institutional investors own 65.97% of the company’s stock.
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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