Shares of AutoNation, Inc. (NYSE:AN) have been given an average recommendation of “Hold” by the fifteen research firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $50.75.
A number of brokerages have issued reports on AN. ValuEngine downgraded shares of AutoNation from a “buy” rating to a “hold” rating in a report on Wednesday, March 28th. Guggenheim began coverage on shares of AutoNation in a report on Monday, April 16th. They issued a “neutral” rating on the stock. Finally, Morgan Stanley lifted their price target on shares of AutoNation from $49.00 to $57.00 and gave the company an “overweight” rating in a report on Wednesday, March 14th.
Shares of AutoNation traded down $0.10, reaching $48.29, during trading hours on Tuesday, according to Marketbeat. 16,678 shares of the stock traded hands, compared to its average volume of 837,011. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.21 and a current ratio of 0.86. AutoNation has a 52-week low of $38.59 and a 52-week high of $62.02. The stock has a market cap of $4.41 billion, a price-to-earnings ratio of 12.67, a price-to-earnings-growth ratio of 1.51 and a beta of 1.37.
In other news, CEO Michael J. Jackson sold 33,006 shares of the business’s stock in a transaction dated Friday, June 15th. The shares were sold at an average price of $49.36, for a total value of $1,629,176.16. Following the sale, the chief executive officer now directly owns 164,107 shares in the company, valued at approximately $8,100,321.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.80% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Meadow Creek Investment Management LLC increased its holdings in shares of AutoNation by 15.2% in the 4th quarter. Meadow Creek Investment Management LLC now owns 8,260 shares of the company’s stock worth $424,000 after buying an additional 1,092 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. increased its holdings in shares of AutoNation by 36.8% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 5,200 shares of the company’s stock worth $267,000 after buying an additional 1,400 shares during the last quarter. Guggenheim Capital LLC increased its holdings in shares of AutoNation by 1.6% in the 1st quarter. Guggenheim Capital LLC now owns 103,364 shares of the company’s stock worth $4,836,000 after buying an additional 1,601 shares during the last quarter. Clear Harbor Asset Management LLC increased its holdings in shares of AutoNation by 38.6% in the 1st quarter. Clear Harbor Asset Management LLC now owns 7,175 shares of the company’s stock worth $336,000 after buying an additional 2,000 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. bought a new position in AutoNation during the 1st quarter valued at about $113,000. Hedge funds and other institutional investors own 67.42% of the company’s stock.
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.
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