AutoNation (NYSE:AN) Price Target Raised to $213.00 at Guggenheim

AutoNation (NYSE:ANGet Rating) had its price target increased by Guggenheim from $205.00 to $213.00 in a report released on Friday, The Fly reports. They currently have a buy rating on the stock.

Several other equities analysts have also recently commented on AN. Truist Financial raised shares of AutoNation from a hold rating to a buy rating and boosted their price objective for the company from $130.00 to $140.00 in a research note on Monday, April 25th. JPMorgan Chase & Co. cut their price target on shares of AutoNation from $150.00 to $135.00 in a research note on Friday, July 15th. Wells Fargo & Company cut their price target on shares of AutoNation from $153.00 to $147.00 and set an overweight rating for the company in a research note on Thursday, July 14th. StockNews.com raised shares of AutoNation from a buy rating to a strong-buy rating in a research note on Friday. Finally, Morgan Stanley cut their price target on shares of AutoNation from $107.00 to $104.00 and set an equal weight rating for the company in a research note on Thursday, July 14th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of Moderate Buy and an average target price of $153.86.

AutoNation Price Performance

Shares of NYSE:AN opened at $117.07 on Friday. The company has a 50 day moving average of $115.80 and a 200 day moving average of $112.35. The stock has a market cap of $7.18 billion, a P/E ratio of 5.04, a P/E/G ratio of 0.20 and a beta of 1.13. AutoNation has a 12 month low of $96.56 and a 12 month high of $133.48. The company has a current ratio of 1.16, a quick ratio of 0.55 and a debt-to-equity ratio of 1.51.

AutoNation (NYSE:ANGet Rating) last issued its quarterly earnings data on Thursday, July 21st. The company reported $6.48 EPS for the quarter, beating the consensus estimate of $6.22 by $0.26. The company had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.97 billion. AutoNation had a net margin of 5.59% and a return on equity of 62.73%. AutoNation’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.83 earnings per share. As a group, sell-side analysts forecast that AutoNation will post 23.17 EPS for the current fiscal year.

Insider Transactions at AutoNation

In other news, major shareholder Edward S. Lampert sold 1,290 shares of the business’s stock in a transaction that occurred on Wednesday, May 11th. The shares were sold at an average price of $120.56, for a total value of $155,522.40. Following the completion of the sale, the insider now directly owns 8,744,229 shares in the company, valued at approximately $1,054,204,248.24. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, major shareholder Edward S. Lampert sold 200,617 shares of the company’s stock in a transaction on Tuesday, June 14th. The shares were sold at an average price of $114.41, for a total transaction of $22,952,590.97. Following the completion of the sale, the insider now directly owns 7,981,453 shares in the company, valued at approximately $913,158,037.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Edward S. Lampert sold 1,290 shares of the company’s stock in a transaction on Wednesday, May 11th. The shares were sold at an average price of $120.56, for a total transaction of $155,522.40. Following the sale, the insider now owns 8,744,229 shares of the company’s stock, valued at $1,054,204,248.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 604,795 shares of company stock worth $70,598,265. 0.64% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC raised its holdings in AutoNation by 9.3% in the 1st quarter. Lazard Asset Management LLC now owns 1,072 shares of the company’s stock worth $106,000 after purchasing an additional 91 shares in the last quarter. Savant Capital LLC raised its holdings in AutoNation by 2.3% in the 2nd quarter. Savant Capital LLC now owns 4,270 shares of the company’s stock worth $477,000 after purchasing an additional 94 shares in the last quarter. Allworth Financial LP raised its holdings in AutoNation by 21.2% in the 2nd quarter. Allworth Financial LP now owns 594 shares of the company’s stock worth $66,000 after purchasing an additional 104 shares in the last quarter. New Century Advisors LLC raised its holdings in AutoNation by 35.9% in the 2nd quarter. New Century Advisors LLC now owns 409 shares of the company’s stock worth $46,000 after purchasing an additional 108 shares in the last quarter. Finally, Koshinski Asset Management Inc. raised its holdings in AutoNation by 3.7% in the 2nd quarter. Koshinski Asset Management Inc. now owns 3,290 shares of the company’s stock worth $368,000 after purchasing an additional 116 shares in the last quarter. 84.44% of the stock is currently owned by institutional investors.

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.

Recommended Stories

The Fly logo

Analyst Recommendations for AutoNation (NYSE:AN)

Receive News & Ratings for AutoNation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AutoNation and related companies with MarketBeat.com's FREE daily email newsletter.