AutoNation, Inc. (NYSE:AN) Receives Consensus Recommendation of “Buy” from Brokerages

AutoNation, Inc. (NYSE:ANGet Rating) has been given a consensus recommendation of “Buy” by the eight brokerages that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $146.86.

A number of analysts have weighed in on AN shares. Truist Financial upgraded AutoNation from a “hold” rating to a “buy” rating and upped their target price for the stock from $130.00 to $140.00 in a report on Monday, April 25th. StockNews.com upgraded AutoNation from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 9th. Wells Fargo & Company increased their price objective on AutoNation from $137.00 to $153.00 and gave the company an “overweight” rating in a report on Friday, April 22nd. Morgan Stanley increased their price objective on AutoNation from $103.00 to $108.00 and gave the company an “equal weight” rating in a report on Tuesday, March 8th. Finally, JPMorgan Chase & Co. upgraded AutoNation from a “neutral” rating to an “overweight” rating and decreased their price objective for the company from $140.00 to $130.00 in a report on Thursday, April 7th.

In related news, CAO Christopher Cade sold 8,627 shares of the company’s stock in a transaction on Tuesday, April 26th. The stock was sold at an average price of $114.69, for a total value of $989,430.63. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director David B. Edelson sold 13,200 shares of the stock in a transaction dated Friday, February 25th. The stock was sold at an average price of $108.00, for a total value of $1,425,600.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 314,419 shares of company stock worth $33,168,013. 0.64% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Franklin Resources Inc. lifted its stake in AutoNation by 2.1% in the 3rd quarter. Franklin Resources Inc. now owns 4,701 shares of the company’s stock valued at $572,000 after buying an additional 95 shares in the last quarter. HighTower Advisors LLC lifted its stake in AutoNation by 1.7% in the 3rd quarter. HighTower Advisors LLC now owns 6,148 shares of the company’s stock valued at $750,000 after buying an additional 101 shares in the last quarter. Leuthold Group LLC lifted its stake in AutoNation by 0.3% in the 3rd quarter. Leuthold Group LLC now owns 36,434 shares of the company’s stock worth $4,436,000 after purchasing an additional 118 shares in the last quarter. CWM LLC lifted its stake in AutoNation by 65.9% in the 1st quarter. CWM LLC now owns 297 shares of the company’s stock worth $30,000 after purchasing an additional 118 shares in the last quarter. Finally, Greenleaf Trust lifted its stake in AutoNation by 1.6% in the 3rd quarter. Greenleaf Trust now owns 7,878 shares of the company’s stock worth $959,000 after purchasing an additional 122 shares in the last quarter. 84.44% of the stock is currently owned by institutional investors.

AutoNation stock opened at $119.74 on Tuesday. The business has a fifty day moving average of $109.77 and a two-hundred day moving average of $113.89. The company has a quick ratio of 0.55, a current ratio of 1.16 and a debt-to-equity ratio of 1.51. The firm has a market cap of $7.35 billion, a P/E ratio of 5.54, a P/E/G ratio of 0.22 and a beta of 1.14. AutoNation has a twelve month low of $88.32 and a twelve month high of $133.48.

AutoNation (NYSE:ANGet Rating) last posted its earnings results on Thursday, April 21st. The company reported $5.78 earnings per share for the quarter, topping analysts’ consensus estimates of $5.25 by $0.53. The company had revenue of $6.75 billion during the quarter, compared to analyst estimates of $6.51 billion. AutoNation had a return on equity of 59.93% and a net margin of 5.60%. AutoNation’s revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.79 earnings per share. Equities analysts expect that AutoNation will post 22.01 earnings per share for the current year.

About AutoNation (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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Analyst Recommendations for AutoNation (NYSE:AN)

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