AutoNation, Inc. (NYSE:AN) has been assigned a consensus rating of “Hold” from the fifteen analysts that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $46.29.

A number of research firms have recently issued reports on AN. Moffett Nathanson began coverage on shares of AutoNation in a research report on Monday, December 4th. They issued a “neutral” rating for the company. Susquehanna Bancshares reissued a “negative” rating on shares of AutoNation in a research report on Thursday, September 28th. Jefferies Group increased their price target on shares of AutoNation from $44.00 to $50.00 and gave the stock a “hold” rating in a research report on Friday, November 3rd. Northcoast Research lowered shares of AutoNation from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 4th. Finally, Wells Fargo & Company reissued a “market perform” rating and issued a $50.00 price target (up from $40.00) on shares of AutoNation in a research report on Monday, November 6th.

In related news, COO Lance E. Iserman sold 5,886 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $52.46, for a total transaction of $308,779.56. Following the transaction, the chief operating officer now owns 4,860 shares of the company’s stock, valued at $254,955.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Donna L. Parlapiano sold 3,367 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $51.81, for a total transaction of $174,444.27. Following the transaction, the executive vice president now directly owns 11,469 shares in the company, valued at approximately $594,208.89. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,733 shares of company stock worth $676,747. Insiders own 3.10% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. Ameritas Investment Partners Inc. grew its holdings in AutoNation by 1,332.8% during the third quarter. Ameritas Investment Partners Inc. now owns 19,500 shares of the company’s stock valued at $884,000 after purchasing an additional 18,139 shares during the last quarter. California Public Employees Retirement System grew its stake in shares of AutoNation by 6.6% in the third quarter. California Public Employees Retirement System now owns 176,140 shares of the company’s stock worth $8,360,000 after acquiring an additional 10,940 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of AutoNation in the third quarter worth $1,737,000. Cubist Systematic Strategies LLC acquired a new stake in shares of AutoNation in the third quarter worth $751,000. Finally, Point72 Asset Management L.P. grew its stake in shares of AutoNation by 315.4% in the third quarter. Point72 Asset Management L.P. now owns 107,700 shares of the company’s stock worth $5,111,000 after acquiring an additional 157,700 shares during the last quarter. Institutional investors own 77.81% of the company’s stock.

AutoNation (AN) traded down $1.84 during mid-day trading on Friday, reaching $52.42. 1,063,200 shares of the company’s stock were exchanged, compared to its average volume of 1,293,098. The company has a quick ratio of 0.17, a current ratio of 0.73 and a debt-to-equity ratio of 0.59. AutoNation has a 52 week low of $38.20 and a 52 week high of $57.83. The stock has a market capitalization of $4,800.00, a price-to-earnings ratio of 14.06, a PEG ratio of 2.25 and a beta of 1.28.

AutoNation (NYSE:AN) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.16. The company had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.58 billion. AutoNation had a net margin of 1.87% and a return on equity of 16.40%. The business’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.05 earnings per share. analysts forecast that AutoNation will post 3.75 EPS for the current year.

AutoNation declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, August 29th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the company to buy up to 6% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.

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About AutoNation

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.

Analyst Recommendations for AutoNation (NYSE:AN)

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