AutoNation (NYSE:AN - Get Free Report) had its price objective lifted by analysts at Bank of America from $225.00 to $255.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Bank of America's target price points to a potential upside of 32.42% from the company's current price.
A number of other analysts have also recently commented on the stock. JPMorgan Chase & Co. lowered their price objective on shares of AutoNation from $195.00 to $175.00 and set a "neutral" rating for the company in a research report on Thursday, March 27th. Wells Fargo & Company dropped their price objective on shares of AutoNation from $194.00 to $176.00 and set an "equal weight" rating on the stock in a report on Monday, April 21st. Evercore ISI upped their target price on shares of AutoNation from $220.00 to $240.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. 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 note on Friday, April 25th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $205.75.
Get Our Latest Stock Report on AN
AutoNation Trading Up 1.6%
NYSE AN traded up $2.95 on Monday, reaching $192.57. The company had a trading volume of 32,322 shares, compared to its average volume of 460,338. AutoNation has a 52 week low of $148.33 and a 52 week high of $198.50. The stock's 50 day moving average is $178.75 and its 200-day moving average is $177.14. The company has a quick ratio of 0.21, a current ratio of 0.74 and a debt-to-equity ratio of 1.39. The stock has a market cap of $7.26 billion, a price-to-earnings ratio of 11.35, a PEG ratio of 3.51 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 earnings per share for the quarter, topping the consensus estimate of $4.35 by $0.33. AutoNation had a net margin of 2.59% and a return on equity of 30.48%. The business had revenue of $6.69 billion for the quarter, compared to analyst estimates of $6.53 billion. During the same quarter last year, the firm earned $4.49 EPS. AutoNation's quarterly revenue was up 3.2% compared to the same quarter last year. Equities analysts predict that AutoNation will post 18.15 earnings per share for the current year.
Institutional Trading of AutoNation
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC increased its stake in shares of 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 during the last quarter. Geneos Wealth Management Inc. increased its position in AutoNation by 37.4% during 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. Cambridge Investment Research Advisors Inc. raised its stake in AutoNation by 0.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,580 shares of the company's stock valued at $1,227,000 after buying an additional 67 shares during the period. CIBC Asset Management Inc raised its stake in AutoNation by 5.6% in the fourth quarter. CIBC Asset Management Inc now owns 1,290 shares of the company's stock valued at $219,000 after buying an additional 68 shares during the period. Finally, Treasurer of the State of North Carolina boosted its stake in shares of AutoNation by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 11,171 shares of the company's stock worth $1,897,000 after acquiring an additional 70 shares during the period. 94.62% of the stock is owned by institutional investors.
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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