AutoNation (NYSE:AN) Price Target Cut to $183.00 by Analysts at Guggenheim

AutoNation (NYSE:AN - Free Report) had its target price trimmed by Guggenheim from $212.00 to $183.00 in a research report released on Tuesday,Benzinga reports. The firm currently has a buy rating on the stock.

Several other research firms also recently issued reports on AN. Stephens upped their price objective on shares of AutoNation from $195.00 to $200.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 12th. Wells Fargo & Company cut their target price on shares of AutoNation from $194.00 to $176.00 and set an "equal weight" rating for the company in a research report on Monday, April 21st. StockNews.com downgraded AutoNation from a "buy" rating to a "hold" rating in a research report on Wednesday, April 9th. JPMorgan Chase & Co. cut their price objective on AutoNation from $195.00 to $175.00 and set a "neutral" rating for the company in a research report on Thursday, March 27th. Finally, Evercore ISI raised their target price on AutoNation from $220.00 to $240.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $200.75.

AutoNation Stock Up 1.0 %

NYSE AN traded up $1.78 during trading on Tuesday, hitting $175.14. 1,273,275 shares of the company traded hands, compared to its average volume of 455,582. The company has a market capitalization of $6.87 billion, a P/E ratio of 10.34, a PEG ratio of 3.51 and a beta of 1.15. The business has a fifty day simple moving average of $169.09 and a 200 day simple moving average of $172.74. AutoNation has a 12 month low of $148.33 and a 12 month high of $198.50. The company has a current ratio of 0.74, a quick ratio of 0.21 and a debt-to-equity ratio of 1.39.

AutoNation (NYSE:AN - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The company reported $4.68 earnings per share for the quarter, beating analysts' consensus estimates of $4.35 by $0.33. The business had revenue of $6.69 billion for the quarter, compared to the consensus estimate of $6.53 billion. AutoNation had a return on equity of 30.48% and a net margin of 2.59%. During the same period last year, the business earned $4.49 EPS. As a group, sell-side analysts predict that AutoNation will post 18.15 EPS for the current year.

Institutional Investors Weigh In On AutoNation

A number of institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its position in shares of AutoNation by 25.5% in the 4th quarter. NewEdge Advisors LLC now owns 315 shares of the company's stock worth $54,000 after acquiring an additional 64 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in shares of 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 purchasing an additional 67 shares in the last quarter. CIBC Asset Management Inc lifted its position in AutoNation by 5.6% in the fourth quarter. CIBC Asset Management Inc now owns 1,290 shares of the company's stock worth $219,000 after purchasing an additional 68 shares during the period. Strengthening Families & Communities LLC boosted its stake in AutoNation by 2.0% during the fourth quarter. Strengthening Families & Communities LLC now owns 3,472 shares of the company's stock worth $590,000 after buying an additional 69 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its stake in shares of AutoNation by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 11,171 shares of the company's stock valued at $1,897,000 after buying an additional 70 shares in the last quarter. 94.62% of the stock is owned by institutional investors and hedge funds.

AutoNation Company Profile

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.