AutoNation - AN Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AutoNation in the last twelve months. There are currently 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" AN shares.
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8 brokerages have issued twelve-month price objectives for AutoNation's stock. Their AN share price forecasts range from $104.00 to $238.00. On average, they anticipate the company's stock price to reach $144.50 in the next twelve months. This suggests a possible upside of 19.4% from the stock's current price.
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AutoNation's stock was trading at $116.85 at the start of the year. Since then, AN shares have increased by 3.6% and is now trading at $121.05.
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AutoNation saw a increase in short interest in October. As of October 31st, there was short interest totaling 6,950,000 shares, an increase of 9.8% from the October 15th total of 6,330,000 shares. Based on an average daily volume of 972,900 shares, the days-to-cover ratio is presently 7.1 days. Approximately 21.4% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 16th 2023.
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AutoNation, Inc. (NYSE:AN) released its earnings results on Wednesday, October, 20th. The company reported $5.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.20 by $0.92. The company had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.29 billion. AutoNation had a net margin of 5.50% and a trailing twelve-month return on equity of 62.53%. AutoNation's revenue for the quarter was up 18.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.38 EPS.

AutoNation announced that its Board of Directors has authorized a stock buyback plan on Thursday, October 21st 2021, which permits the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 10.7% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's leadership believes its stock is undervalued.

41 employees have rated AutoNation Chief Executive Officer Mike Jackson on Glassdoor.com. Mike Jackson has an approval rating of 67% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other AutoNation investors own include NVIDIA (NVDA), General Motors (GM), Micron Technology (MU), American International Group (AIG), Best Buy (BBY), Ford Motor (F), Tesla (TSLA), QUALCOMM (QCOM), Advanced Micro Devices (AMD) and Bank of America (BAC).

AutoNation trades on the New York Stock Exchange (NYSE) under the ticker symbol "AN."

AutoNation's stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.24%), BlackRock Inc. (8.17%), Dimensional Fund Advisors LP (5.35%), Artisan Partners Limited Partnership (2.58%), State Street Corp (2.33%) and Barclays PLC (1.70%). Insiders that own company stock include C Coleman Edmunds, Cascade Investment, LLC, Cheryl Miller, Christopher Cade, David B Edelson, Edward S Lampert, George Lawrence Mikan III, James R Bender, Marc G Cannon, Marc G Cannon, Michael J Jackson, Michael J Jackson, Rick L Burdick, Robert R Grusky and Steven L Gerard.
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Shares of AN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AN stock can currently be purchased for approximately $121.05.

AutoNation (NYSE:AN) has a market capitalization of $6.00 billion and generates $25.84 billion in revenue each year. The company earns $1.37 billion in net income (profit) each year or $24.44 on an earnings per share basis.

The company employs 22,200 workers across the globe.

AutoNation's mailing address is 200 SW 1ST AVE SUITE 1600, FORT LAUDERDALE FL, 33301. The official website for the company is www.autonation.com. The company can be reached via phone at (954) 769-6000, via email at quartaror@autonation.com, or via fax at 302-636-5454.