AutoNation, Inc. (NYSE:AN - Get Free Report) has earned a consensus rating of "Moderate Buy" from the nine analysts that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $205.75.
Several equities analysts recently issued reports on AN shares. JPMorgan Chase & Co. decreased their target price on shares of AutoNation from $195.00 to $175.00 and set a "neutral" rating for the company in a research note on Thursday, March 27th. Wall Street Zen upgraded shares of AutoNation from a "hold" rating to a "buy" rating in a research note on Saturday, May 10th. Guggenheim decreased 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. Citigroup upgraded shares of AutoNation to a "strong-buy" rating in a research note on Thursday, April 24th. Finally, Bank of America boosted their target price on shares of AutoNation from $225.00 to $255.00 and gave the company a "buy" rating in a research note on Monday, June 16th.
Check Out Our Latest Analysis on AutoNation
Hedge Funds Weigh In On AutoNation
A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in AutoNation by 7.2% during the first quarter. Vanguard Group Inc. now owns 3,256,308 shares of the company's stock worth $527,261,000 after acquiring an additional 219,474 shares during the period. Boston Partners grew its holdings in shares of AutoNation by 8.3% during the first quarter. Boston Partners now owns 1,964,187 shares of the company's stock worth $318,749,000 after buying an additional 149,959 shares in the last quarter. Brave Warrior Advisors LLC grew its holdings in shares of AutoNation by 50.3% during the fourth quarter. Brave Warrior Advisors LLC now owns 1,461,213 shares of the company's stock worth $248,172,000 after buying an additional 488,904 shares in the last quarter. Alyeska Investment Group L.P. grew its holdings in shares of AutoNation by 63.0% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,104,934 shares of the company's stock worth $187,662,000 after buying an additional 426,882 shares in the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of AutoNation by 23.3% during the fourth quarter. Alliancebernstein L.P. now owns 851,870 shares of the company's stock worth $144,682,000 after buying an additional 160,794 shares in the last quarter. 94.62% of the stock is currently owned by institutional investors and hedge funds.
AutoNation Stock Performance
Shares of AN traded down $0.70 during trading hours on Thursday, hitting $199.33. The stock had a trading volume of 472,870 shares, compared to its average volume of 459,127. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.22 and a current ratio of 0.77. The firm has a 50-day moving average price of $184.79 and a 200 day moving average price of $178.41. AutoNation has a fifty-two week low of $148.33 and a fifty-two week high of $203.18. 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 (NYSE:AN - Get Free Report) last posted its earnings results on Friday, April 25th. The company reported $4.68 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $6.69 billion during the quarter, compared to analysts' expectations of $6.53 billion. During the same period in the previous year, the business posted $4.49 EPS. The business's revenue was up 3.2% compared to the same quarter last year. As a group, research analysts anticipate that AutoNation will post 18.15 EPS for the current year.
AutoNation Company Profile
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Get Free ReportAutoNation, 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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