AutoNation, Inc. (NYSE:AN) Receives $205.75 Consensus PT from Analysts

AutoNation, Inc. (NYSE:ANGet Free Report) has received a consensus recommendation of “Moderate Buy” from the nine research firms that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $205.75.

A number of brokerages recently commented on AN. Guggenheim lowered their target price on shares of AutoNation from $212.00 to $183.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. cut their price target on AutoNation from $195.00 to $175.00 and set a “neutral” rating on the stock in a research note on Thursday, March 27th. Wall Street Zen raised AutoNation from a “hold” rating to a “buy” rating in a research report on Saturday, May 10th. Citigroup upgraded AutoNation to a “strong-buy” rating in a report on Thursday, April 24th. Finally, Cfra Research raised AutoNation to a “strong-buy” rating in a research report on Friday, April 25th.

Check Out Our Latest Analysis on AutoNation

Institutional Trading of AutoNation

Large investors have recently made changes to their positions in the company. Curat Global LLC acquired a new position in AutoNation during the first quarter worth approximately $36,000. Geneos Wealth Management Inc. boosted its holdings in shares of AutoNation by 37.4% in the first quarter. Geneos Wealth Management Inc. now owns 235 shares of the company’s stock valued at $38,000 after acquiring an additional 64 shares during the period. NewEdge Advisors LLC grew its position in shares of AutoNation by 25.5% during the fourth quarter. NewEdge Advisors LLC now owns 315 shares of the company’s stock worth $54,000 after acquiring an additional 64 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of AutoNation by 81.1% in the 1st quarter. GAMMA Investing LLC now owns 460 shares of the company’s stock valued at $74,000 after acquiring an additional 206 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in shares of AutoNation by 77.1% in the 4th quarter. Farther Finance Advisors LLC now owns 494 shares of the company’s stock valued at $84,000 after acquiring an additional 215 shares during the period. 94.62% of the stock is owned by institutional investors and hedge funds.

AutoNation Stock Down 0.3%

AN stock opened at $199.33 on Thursday. The company’s 50 day moving average price is $184.79 and its 200 day moving average price is $178.39. The firm has a market capitalization of $7.51 billion, a price-to-earnings ratio of 11.79, a PEG ratio of 1.02 and a beta of 0.99. AutoNation has a fifty-two week low of $148.33 and a fifty-two week high of $203.18. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.22 and a current ratio of 0.77.

AutoNation (NYSE:ANGet Free Report) last posted its quarterly earnings results on Friday, April 25th. The company reported $4.68 EPS for the quarter, topping the consensus estimate of $4.35 by $0.33. AutoNation had a net margin of 2.51% and a return on equity of 30.08%. The company had revenue of $6.69 billion during the quarter, compared to analysts’ expectations of $6.53 billion. During the same quarter in the previous year, the business posted $4.49 EPS. The firm’s revenue was up 3.2% on a year-over-year basis. On average, equities research analysts anticipate that AutoNation will post 18.15 EPS for the current fiscal year.

About AutoNation

(Get Free Report

AutoNation, Inc, through its subsidiaries, operates as an automotive retailer in the United States. The company operates through three segments: Domestic, Import, and Premium Luxury. It offers a range of automotive products and services, including new and used vehicles; and parts and services, such as automotive repair and maintenance, and wholesale parts and collision services.

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Analyst Recommendations for AutoNation (NYSE:AN)

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