May 27, 2024

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AutoNation, Inc. (NYSE:AN) Receives Consensus Rating of “Moderate Buy” from Analysts

AutoNation, Inc. (NYSE:AN) Receives Consensus Rating of “Moderate Buy” from Analysts

AutoNation, Inc. (NYSE:AN – Get Rating) has been given a consensus rating of “Moderate Buy” by the ten ratings firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $144.50.

Several research analysts recently commented on the company. StockNews.com assumed coverage on AutoNation in a research report on Wednesday, October 12th. They issued a “buy” rating for the company. JPMorgan Chase & Co. cut AutoNation from an “overweight” rating to a “neutral” rating and set a $125.00 target price for the company. in a research report on Thursday, October 6th. Wells Fargo & Company reduced their target price on AutoNation from $123.00 to $115.00 and set an “overweight” rating for the company in a research report on Friday, October 28th. Finally, Guggenheim raised their target price on AutoNation to $154.00 in a research report on Tuesday, November 1st.

Insider Activity

In related news, major shareholder Edward S. Lampert sold 175,000 shares of AutoNation stock in a transaction dated Monday, October 10th. The stock was sold at an average price of $102.36, for a total value of $17,913,000.00. Following the completion of the sale, the insider now directly owns 6,239,495 shares in the company, valued at $638,674,708.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, major shareholder Edward S. Lampert sold 125,000 shares of AutoNation stock in a transaction dated Wednesday, December 21st. The stock was sold at an average price of $104.82, for a total value of $13,102,500.00. Following the completion of the sale, the insider now directly owns 5,878,888 shares in the company, valued at $616,225,040.16. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Edward S. Lampert sold 175,000 shares of AutoNation stock in a transaction dated Monday, October 10th. The stock was sold at an average price of $102.36, for a total value of $17,913,000.00. Following the completion of the sale, the insider now owns 6,239,495 shares of the company’s stock, valued at $638,674,708.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 543,329 shares of company stock worth $58,368,575. 0.64{7b5a5d0e414f5ae9befbbfe0565391237b22ed5a572478ce6579290fab1e7f91} of the stock is owned by corporate insiders.

Hedge Funds Weigh In On AutoNation

Several institutional investors have recently modified their holdings of the stock. WealthPlan Investment Management LLC acquired a new position in shares of AutoNation during the 3rd quarter worth about $553,000. Bank of New York Mellon Corp lifted its holdings in shares of AutoNation by 3.7{7b5a5d0e414f5ae9befbbfe0565391237b22ed5a572478ce6579290fab1e7f91} during the 3rd quarter. Bank of New York Mellon Corp now owns 468,950 shares of the company’s stock valued at $47,772,000 after purchasing an additional 16,528 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in shares of AutoNation by 13.9{7b5a5d0e414f5ae9befbbfe0565391237b22ed5a572478ce6579290fab1e7f91} during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 6,765 shares of the company’s stock valued at $690,000 after purchasing an additional 824 shares in the last quarter. Teachers Retirement System of The State of Kentucky bought a new position in shares of AutoNation during the 3rd quarter valued at about $670,000. Finally, Captrust Financial Advisors lifted its holdings in shares of AutoNation by 228.2{7b5a5d0e414f5ae9befbbfe0565391237b22ed5a572478ce6579290fab1e7f91} during the 3rd quarter. Captrust Financial Advisors now owns 15,851 shares of the company’s stock valued at $1,615,000 after purchasing an additional 11,021 shares in the last quarter. 86.31{7b5a5d0e414f5ae9befbbfe0565391237b22ed5a572478ce6579290fab1e7f91} of the stock is currently owned by institutional investors and hedge funds.

AutoNation Trading Up 1.7 {7b5a5d0e414f5ae9befbbfe0565391237b22ed5a572478ce6579290fab1e7f91}

Shares of AN stock opened at $111.00 on Friday. AutoNation has a 12 month low of $94.92 and a 12 month high of $135.57. The company has a quick ratio of 0.42, a current ratio of 1.05 and a debt-to-equity ratio of 1.57. The business’s 50 day moving average is $113.80 and its two-hundred day moving average is $113.90. The company has a market cap of $5.50 billion, a PE ratio of 4.54, a price-to-earnings-growth ratio of 0.73 and a beta of 1.16.

AutoNation (NYSE:AN – Get Rating) last announced its quarterly earnings data on Thursday, October 27th. The company reported $6.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.32 by ($0.32). The company had revenue of $6.67 billion during the quarter, compared to analyst estimates of $6.65 billion. AutoNation had a return on equity of 62.53{7b5a5d0e414f5ae9befbbfe0565391237b22ed5a572478ce6579290fab1e7f91} and a net margin of 5.50{7b5a5d0e414f5ae9befbbfe0565391237b22ed5a572478ce6579290fab1e7f91}. Equities analysts predict that AutoNation will post 24.05 EPS for the current year.

AutoNation Company Profile

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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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Analyst Recommendations for AutoNation (NYSE:AN)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].

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