AutoNation (NYSE:AN) received a $68.00 price target from equities research analysts at Bank of America in a report issued on Friday. The brokerage currently has a “hold” rating on the stock. Bank of America’s target price points to a potential upside of 25.88% from the stock’s previous close.
AN has been the topic of a number of other research reports. ValuEngine upgraded shares of AutoNation from a “hold” rating to a “buy” rating in a report on Thursday, October 26th. Jefferies Group boosted their target price on shares of AutoNation from $44.00 to $50.00 and gave the company a “hold” rating in a report on Friday, November 3rd. Wells Fargo & Co restated a “market perform” rating and set a $50.00 target price (up previously from $40.00) on shares of AutoNation in a report on Monday, November 6th. Finally, Moffett Nathanson started coverage on shares of AutoNation in a report on Monday, December 4th. They set a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. AutoNation currently has a consensus rating of “Hold” and a consensus price target of $50.33.
AutoNation (AN) traded up $1.33 during trading hours on Friday, reaching $54.02. 1,366,884 shares of the company traded hands, compared to its average volume of 1,148,393. The company has a market capitalization of $4,826.40, a PE ratio of 12.09, a P/E/G ratio of 1.28 and a beta of 1.25. AutoNation has a twelve month low of $38.20 and a twelve month high of $62.02. The company has a current ratio of 0.73, a quick ratio of 0.17 and a debt-to-equity ratio of 0.59.
In other AutoNation news, Director Robert R. Grusky sold 5,000 shares of the business’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $60.00, for a total value of $300,000.00. Following the completion of the transaction, the director now owns 37,677 shares of the company’s stock, valued at approximately $2,260,620. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert R. Grusky sold 10,000 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $51.99, for a total value of $519,900.00. Following the completion of the transaction, the director now directly owns 32,677 shares of the company’s stock, valued at approximately $1,698,877.23. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,000 shares of company stock worth $1,094,900. Company insiders own 3.10% of the company’s stock.
A number of large investors have recently modified their holdings of the business. Arizona State Retirement System raised its position in AutoNation by 15.4% in the 4th quarter. Arizona State Retirement System now owns 42,682 shares of the company’s stock worth $2,191,000 after buying an additional 5,681 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in AutoNation by 2.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 99,588 shares of the company’s stock worth $5,112,000 after buying an additional 2,446 shares during the last quarter. First Trust Advisors LP raised its position in AutoNation by 2.1% in the 4th quarter. First Trust Advisors LP now owns 185,168 shares of the company’s stock worth $9,505,000 after buying an additional 3,893 shares during the last quarter. Barings LLC purchased a new position in AutoNation in the 4th quarter worth about $364,000. Finally, New Mexico Educational Retirement Board purchased a new position in AutoNation in the 4th quarter worth about $755,000. 77.63% of the stock is owned by institutional investors and hedge funds.
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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