AutoNation - AN Stock Forecast, Price & News

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. The company also provides automotive finance and insurance products comprising vehicle services and other protection products, as well as arranges finance for vehicle purchases through third-party finance sources. As of December 31, 2021, it owned and operated 339 new vehicle franchises from 247 stores located primarily in metropolitan markets in the Sunbelt region. The company also owned and operated 57 AutoNation-branded collision centers, 9 AutoNation USA used vehicle stores, 4 AutoNation-branded automotive auction operations, and 3 parts distribution centers. AutoNation, Inc. was founded in 1991 and is headquartered in Fort Lauderdale, Florida.

AutoNation Trading Up 1.4 %

Shares of NYSE:AN traded up $1.76 during mid-day trading on Thursday, reaching $125.01. 16,967 shares of the company's stock were exchanged, compared to its average volume of 776,788. The firm has a market capitalization of $7.00 billion, a price-to-earnings ratio of 5.30, a PEG ratio of 0.20 and a beta of 1.11. The business's fifty day moving average price is $116.40 and its 200-day moving average price is $113.05. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.44 and a current ratio of 1.13. AutoNation has a twelve month low of $96.56 and a twelve month high of $133.48.

AutoNation (NYSE:AN - Get Rating) last issued its quarterly earnings results on Thursday, July 21st. The company reported $6.48 EPS for the quarter, topping analysts' consensus estimates of $5.96 by $0.52. The company had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.97 billion. AutoNation had a net margin of 5.59% and a return on equity of 62.96%. AutoNation's revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.83 earnings per share. On average, research analysts predict that AutoNation will post 24.25 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Guggenheim lifted their price objective on AutoNation from $205.00 to $213.00 and gave the stock a "buy" rating in a research note on Friday, July 22nd. StockNews.com raised AutoNation from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 30th. Wells Fargo & Company upped their target price on shares of AutoNation to $159.00 in a research report on Friday, July 22nd. Truist Financial upgraded shares of AutoNation from a "hold" rating to a "buy" rating and upped their price objective for the company from $130.00 to $140.00 in a research report on Monday, April 25th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of AutoNation from $150.00 to $135.00 in a research report on Friday, July 15th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $152.29.

Insider Activity at AutoNation

In related news, major shareholder Edward S. Lampert sold 5,000 shares of the business's stock in a transaction on Tuesday, July 19th. The shares were sold at an average price of $124.72, for a total value of $623,600.00. Following the transaction, the insider now owns 7,723,575 shares in the company, valued at $963,284,274. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, major shareholder Edward S. Lampert sold 5,000 shares of the business's stock in a transaction dated Tuesday, July 19th. The shares were sold at an average price of $124.72, for a total transaction of $623,600.00. Following the transaction, the insider now directly owns 7,723,575 shares in the company, valued at $963,284,274. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP C Coleman Edmunds sold 3,815 shares of the business's stock in a transaction dated Friday, May 13th. The stock was sold at an average price of $124.06, for a total transaction of $473,288.90. Following the transaction, the executive vice president now owns 20,042 shares in the company, valued at $2,486,410.52. The disclosure for this sale can be found here. Insiders have sold a total of 689,392 shares of company stock worth $78,513,389 over the last quarter. Company insiders own 0.64% of the company's stock.