AutoNation (NYSE:AN) Lifted to Buy at Truist Financial

AutoNation (NYSE:ANGet Rating) was upgraded by stock analysts at Truist Financial from a “hold” rating to a “buy” rating in a report issued on Monday, The Fly reports.

Several other research firms have also recently weighed in on AN. JPMorgan Chase & Co. raised AutoNation from a “neutral” rating to an “overweight” rating and lowered their price target for the company from $140.00 to $130.00 in a report on Thursday, April 7th. Morgan Stanley increased their price target on AutoNation from $103.00 to $108.00 and gave the company an “equal weight” rating in a report on Tuesday, March 8th. Wells Fargo & Company increased their price target on AutoNation from $137.00 to $153.00 and gave the company an “overweight” rating in a report on Friday. Finally, StockNews.com raised AutoNation from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 9th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $145.43.

AN stock opened at $106.37 on Monday. The stock has a market capitalization of $6.53 billion, a PE ratio of 4.92, a price-to-earnings-growth ratio of 0.21 and a beta of 1.35. AutoNation has a 12-month low of $88.32 and a 12-month high of $133.48. The company has a current ratio of 0.92, a quick ratio of 0.31 and a debt-to-equity ratio of 1.20. The stock’s 50 day simple moving average is $108.86 and its 200 day simple moving average is $113.91.

AutoNation (NYSE:ANGet Rating) last released its quarterly earnings results on Thursday, April 21st. The company reported $5.78 earnings per share for the quarter, beating the consensus estimate of $5.25 by $0.53. The firm had revenue of $6.75 billion for the quarter, compared to analysts’ expectations of $6.51 billion. AutoNation had a return on equity of 58.84% and a net margin of 5.60%. The company’s revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.79 EPS. On average, research analysts predict that AutoNation will post 20.16 earnings per share for the current year.

In other AutoNation news, Director David B. Edelson sold 13,200 shares of the stock in a transaction on Friday, February 25th. The stock was sold at an average price of $108.00, for a total value of $1,425,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Edward S. Lampert sold 13,391 shares of the stock in a transaction on Tuesday, April 19th. The stock was sold at an average price of $108.70, for a total value of $1,455,601.70. Following the completion of the sale, the insider now owns 9,280,959 shares of the company’s stock, valued at approximately $1,008,840,243.30. The disclosure for this sale can be found here. Insiders sold a total of 210,437 shares of company stock valued at $21,649,689 in the last quarter. 0.64% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the company. New Century Advisors LLC purchased a new position in shares of AutoNation during the fourth quarter valued at about $29,000. CWM LLC grew its position in shares of AutoNation by 65.9% during the first quarter. CWM LLC now owns 297 shares of the company’s stock valued at $30,000 after purchasing an additional 118 shares in the last quarter. First Quadrant L P CA bought a new stake in AutoNation during the fourth quarter worth approximately $38,000. Tilia Fiduciary Partners Inc. increased its stake in AutoNation by 60.4% during the first quarter. Tilia Fiduciary Partners Inc. now owns 332 shares of the company’s stock worth $33,000 after acquiring an additional 125 shares during the last quarter. Finally, DeDora Capital Inc. bought a new stake in AutoNation during the first quarter worth approximately $34,000. Hedge funds and other institutional investors own 91.80% of the company’s stock.

AutoNation Company Profile (Get Rating)

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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