AutoNation, Inc. (NYSE:AN - Get Free Report) shares reached a new 52-week high during trading on Monday . The stock traded as high as $199.12 and last traded at $198.47, with a volume of 427343 shares changing hands. The stock had previously closed at $196.58.
Analyst Ratings Changes
Several research firms have issued reports on AN. Wall Street Zen upgraded 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. Wells Fargo & Company reduced their target price on AutoNation from $194.00 to $176.00 and set an "equal weight" rating on the stock in a research note on Monday, April 21st. Guggenheim reduced their target price on AutoNation from $212.00 to $183.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Finally, Bank of America raised their price objective on AutoNation from $225.00 to $255.00 and gave the stock a "buy" rating in a report on Monday, June 16th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $205.75.
Get Our Latest Analysis on AN
AutoNation Stock Up 1.0%
The firm has a 50-day moving average of $181.29 and a two-hundred day moving average of $177.59. The company has a current ratio of 0.77, a quick ratio of 0.22 and a debt-to-equity ratio of 1.72. The firm has a market capitalization of $7.48 billion, a PE ratio of 11.74, a price-to-earnings-growth ratio of 1.01 and a beta of 0.99.
AutoNation (NYSE:AN - Get Free Report) last released its quarterly earnings data on Friday, April 25th. The company reported $4.68 EPS for the quarter, beating the consensus estimate of $4.35 by $0.33. AutoNation had a return on equity of 30.08% and a net margin of 2.51%. The company had revenue of $6.69 billion for the quarter, compared to analyst estimates of $6.53 billion. During the same period last year, the company posted $4.49 earnings per share. The firm's revenue was up 3.2% compared to the same quarter last year. On average, equities research analysts forecast that AutoNation, Inc. will post 18.15 EPS for the current year.
Institutional Trading of AutoNation
Several large investors have recently modified their holdings of AN. Curat Global LLC acquired a new position in AutoNation in the first quarter valued at approximately $36,000. Geneos Wealth Management Inc. grew its position in AutoNation by 37.4% in the first quarter. Geneos Wealth Management Inc. now owns 235 shares of the company's stock worth $38,000 after buying an additional 64 shares during the last quarter. NewEdge Advisors LLC grew its position in AutoNation by 25.5% during the 4th quarter. NewEdge Advisors LLC now owns 315 shares of the company's stock worth $54,000 after purchasing an additional 64 shares in the last quarter. GAMMA Investing LLC grew its position in AutoNation by 81.1% during the 1st quarter. GAMMA Investing LLC now owns 460 shares of the company's stock worth $74,000 after purchasing an additional 206 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its position in AutoNation by 77.1% during the 4th quarter. Farther Finance Advisors LLC now owns 494 shares of the company's stock worth $84,000 after purchasing an additional 215 shares in the last quarter. 94.62% of the stock is currently owned by institutional investors and hedge funds.
About AutoNation
(
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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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