JPMorgan Chase & Co. Has Lowered Expectations for AutoNation (NYSE:AN) Stock Price

AutoNation (NYSE:AN) had its target price lowered by analysts at JPMorgan Chase & Co. from $190.00 to $180.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 6.52% from the company’s current price.

Several other research analysts have also recently commented on AN. Bank of America lowered their price target on shares of AutoNation from $220.00 to $215.00 and set a “buy” rating for the company in a report on Monday, October 14th. Wells Fargo & Company dropped their target price on AutoNation from $187.00 to $181.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 15th. Morgan Stanley upgraded AutoNation from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $145.00 to $200.00 in a research note on Wednesday, September 25th. Finally, Stephens began coverage on AutoNation in a research report on Thursday, September 12th. They set an “overweight” rating and a $210.00 price objective for the company. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, AutoNation presently has an average rating of “Moderate Buy” and a consensus target price of $199.00.

AutoNation Stock Performance

NYSE:AN opened at $168.99 on Tuesday. AutoNation has a 52 week low of $129.32 and a 52 week high of $197.18. The company has a fifty day simple moving average of $167.64 and a two-hundred day simple moving average of $168.07. The company has a quick ratio of 0.20, a current ratio of 0.80 and a debt-to-equity ratio of 1.58. The company has a market cap of $6.70 billion, a price-to-earnings ratio of 9.75, a price-to-earnings-growth ratio of 3.24 and a beta of 1.21.

Insider Transactions at AutoNation

In other AutoNation news, major shareholder Edward S. Lampert sold 39,194 shares of AutoNation stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $183.43, for a total value of $7,189,355.42. Following the sale, the insider now owns 3,786,144 shares of the company’s stock, valued at approximately $694,492,393.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other AutoNation news, major shareholder Edward S. Lampert sold 39,194 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $183.43, for a total transaction of $7,189,355.42. Following the sale, the insider now directly owns 3,786,144 shares in the company, valued at approximately $694,492,393.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Edward S. Lampert sold 500 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $182.06, for a total transaction of $91,030.00. Following the completion of the transaction, the insider now owns 3,825,338 shares of the company’s stock, valued at $696,441,036.28. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.74% of the company’s stock.

Institutional Trading of AutoNation

Several large investors have recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in shares of AutoNation by 90.6% during the 2nd quarter. GAMMA Investing LLC now owns 202 shares of the company’s stock worth $32,000 after purchasing an additional 96 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of AutoNation in the second quarter valued at $37,000. Venturi Wealth Management LLC lifted its position in shares of AutoNation by 403.6% in the third quarter. Venturi Wealth Management LLC now owns 282 shares of the company’s stock valued at $50,000 after acquiring an additional 226 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of AutoNation during the first quarter valued at $57,000. Finally, Quarry LP increased its position in AutoNation by 498.5% during the 2nd quarter. Quarry LP now owns 407 shares of the company’s stock worth $65,000 after purchasing an additional 339 shares in the last quarter. Institutional investors and hedge funds own 94.62% of the company’s stock.

About AutoNation

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.