Goldman Sachs Group Inc. upgraded shares of AutoNation Inc. (NYSE:AN) from a sell rating to a neutral rating in a research note published on Thursday. Goldman Sachs Group Inc. currently has $49.00 target price on the stock, down from their previous target price of $52.00. The analysts noted that the move was a valuation call.
A number of other brokerages have also issued reports on AN. TheStreet upgraded AutoNation from a hold rating to a buy rating in a research report on Monday, July 18th. Seaport Global Securities initiated coverage on AutoNation in a research report on Tuesday, August 9th. They set a neutral rating for the company. Jefferies Group boosted their price target on AutoNation from $50.00 to $57.00 and gave the stock a hold rating in a research report on Monday, August 1st. Wolfe Research initiated coverage on AutoNation in a research report on Wednesday, August 31st. They set a peer perform rating for the company. Finally, CL King initiated coverage on AutoNation in a research report on Wednesday, September 7th. They set a buy rating for the company. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $59.43.
Shares of AutoNation (NYSE:AN) opened at 49.06 on Thursday. The company’s 50-day moving average price is $48.34 and its 200-day moving average price is $48.58. The stock has a market cap of $5.01 billion, a PE ratio of 12.62 and a beta of 1.10. AutoNation has a 52-week low of $40.45 and a 52-week high of $65.51.
AutoNation (NYSE:AN) last released its quarterly earnings data on Friday, July 29th. The company reported $1.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.03. AutoNation had a return on equity of 19.91% and a net margin of 1.99%. The business earned $5.44 billion during the quarter, compared to analyst estimates of $5.51 billion. During the same quarter in the previous year, the firm posted $1.00 EPS. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. Analysts expect that AutoNation will post $4.26 earnings per share for the current year.
Several large investors have recently made changes to their positions in AN. Norges Bank bought a new stake in shares of AutoNation during the fourth quarter worth about $39,603,000. Aperio Group LLC raised its stake in shares of AutoNation by 3.5% in the first quarter. Aperio Group LLC now owns 18,142 shares of the company’s stock worth $847,000 after buying an additional 614 shares during the period. Teachers Advisors Inc. raised its stake in shares of AutoNation by 4.4% in the first quarter. Teachers Advisors Inc. now owns 67,906 shares of the company’s stock worth $3,170,000 after buying an additional 2,844 shares during the period. BlackRock Group LTD raised its stake in shares of AutoNation by 0.7% in the first quarter. BlackRock Group LTD now owns 568,023 shares of the company’s stock worth $26,516,000 after buying an additional 4,051 shares during the period. Finally, M&T Bank Corp raised its stake in shares of AutoNation by 75.7% in the first quarter. M&T Bank Corp now owns 35,871 shares of the company’s stock worth $1,674,000 after buying an additional 15,454 shares during the period. 69.12% of the stock is currently owned by institutional investors.
AutoNation, Inc is an automotive retailer in the United States. The Company offers a range of automotive products and services, including new vehicles, used vehicles, parts and service, which includes automotive repair and maintenance services, as well as wholesale parts and collision businesses, and automotive finance and insurance products, including vehicle service and other protection products, as well as the arranging of financing for vehicle purchases through third-party finance sources.
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