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

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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.

AutoNation (NYSE:AN) last announced its quarterly earnings results on Tuesday, May 1st. The company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.01. The company had revenue of $5.26 billion for the quarter, compared to the consensus estimate of $5.28 billion. AutoNation had a net margin of 1.99% and a return on equity of 15.97%. AutoNation’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.97 EPS. equities research analysts predict that AutoNation will post 4.81 earnings per share for the current year.

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.

Analyst Recommendations for AutoNation (NYSE:AN)

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