AutoNation, Inc. (AN) Given Consensus Rating of “Hold” by Analysts

AutoNation, Inc. (NYSE:AN) has received an average rating of “Hold” from the fourteen ratings firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $50.75.

A number of research firms recently issued reports on AN. Morgan Stanley boosted their price objective on AutoNation from $49.00 to $57.00 and gave the company an “overweight” rating in a research note on Wednesday, March 14th. Bank of America reiterated a “hold” rating and set a $65.00 price objective on shares of AutoNation in a research note on Thursday, February 1st. Jefferies Group reiterated a “hold” rating and set a $60.00 price objective on shares of AutoNation in a research note on Friday, February 2nd. Finally, Moffett Nathanson began coverage on AutoNation in a research note on Monday, December 4th. They set a “neutral” rating on the stock.

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AutoNation stock traded down $0.68 during trading hours on Friday, hitting $46.42. The company had a trading volume of 875,398 shares, compared to its average volume of 720,312. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.25 and a current ratio of 0.85. AutoNation has a 12 month low of $38.20 and a 12 month high of $62.02. The company has a market cap of $4,262.52, a price-to-earnings ratio of 10.38, a price-to-earnings-growth ratio of 1.11 and a beta of 1.36.

AutoNation (NYSE:AN) last released its quarterly earnings data on Thursday, February 1st. The company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.10. AutoNation had a return on equity of 16.24% and a net margin of 2.02%. The company had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.57 billion. During the same period in the previous year, the company posted $0.86 EPS. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. sell-side analysts predict that AutoNation will post 4.91 EPS for the current fiscal year.

In other news, Director Robert R. Grusky sold 5,000 shares of the company’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $60.00, for a total value of $300,000.00. Following the completion of the transaction, the director now directly owns 37,677 shares in the company, valued at approximately $2,260,620. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert R. Grusky sold 10,000 shares of the company’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $51.99, for a total value of $519,900.00. Following the completion of the transaction, the director now owns 32,677 shares of the company’s stock, valued at $1,698,877.23. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,000 shares of company stock valued at $1,094,900. 2.80% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of AutoNation by 27.8% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 47,529 shares of the company’s stock worth $2,440,000 after purchasing an additional 10,353 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings in AutoNation by 36.8% during the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 5,200 shares of the company’s stock valued at $267,000 after acquiring an additional 1,400 shares during the period. MetLife Investment Advisors LLC purchased a new stake in AutoNation during the 4th quarter valued at about $1,926,000. Jane Street Group LLC purchased a new stake in AutoNation during the 4th quarter valued at about $276,000. Finally, Millennium Management LLC purchased a new stake in AutoNation during the 4th quarter valued at about $2,989,000. Hedge funds and other institutional investors own 69.22% of the company’s stock.

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About AutoNation

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.

Analyst Recommendations for AutoNation (NYSE:AN)

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