AutoNation (NYSE:AN) Given New $176.00 Price Target at Wells Fargo & Company

AutoNation (NYSE:AN) had its price objective reduced by Wells Fargo & Company from $194.00 to $176.00 in a report issued on Monday morning,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other equities research analysts also recently issued reports on the stock. StockNews.com downgraded shares of AutoNation from a “buy” rating to a “hold” rating in a research note on Wednesday, April 9th. Evercore ISI lifted their price objective on AutoNation from $220.00 to $240.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. decreased their target price on AutoNation from $195.00 to $175.00 and set a “neutral” rating on the stock in a research note on Thursday, March 27th. Guggenheim reaffirmed a “buy” rating on shares of AutoNation in a research report on Wednesday, February 12th. Finally, Stephens increased their price target on shares of AutoNation from $195.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 12th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $199.29.

AutoNation Stock Performance

NYSE:AN opened at $163.47 on Monday. The company’s 50-day moving average is $170.79 and its two-hundred day moving average is $172.60. AutoNation has a 1-year low of $148.33 and a 1-year high of $198.50. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.74 and a quick ratio of 0.21. The firm has a market capitalization of $6.42 billion, a price-to-earnings ratio of 9.65, a PEG ratio of 3.51 and a beta of 1.15.

AutoNation (NYSE:AN) last released its quarterly earnings data on Tuesday, February 11th. The company reported $4.97 EPS for the quarter, beating analysts’ consensus estimates of $4.26 by $0.71. AutoNation had a return on equity of 30.48% and a net margin of 2.59%. Analysts forecast that AutoNation will post 18.15 EPS for the current year.

Institutional Trading of AutoNation

Several hedge funds have recently added to or reduced their stakes in the company. Fortitude Family Office LLC raised its holdings in shares of AutoNation by 581.8% in the 4th quarter. Fortitude Family Office LLC now owns 150 shares of the company’s stock valued at $25,000 after purchasing an additional 128 shares in the last quarter. Global X Japan Co. Ltd. lifted its holdings in AutoNation by 150.8% during the 4th quarter. Global X Japan Co. Ltd. now owns 158 shares of the company’s stock worth $27,000 after buying an additional 95 shares during the last quarter. Curat Global LLC acquired a new position in shares of AutoNation during the 1st quarter worth about $36,000. NewEdge Advisors LLC increased its holdings in shares of AutoNation by 25.5% in the 4th quarter. NewEdge Advisors LLC now owns 315 shares of the company’s stock valued at $54,000 after acquiring an additional 64 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of AutoNation by 81.1% during the 1st quarter. GAMMA Investing LLC now owns 460 shares of the company’s stock worth $74,000 after acquiring an additional 206 shares in the last quarter. Institutional investors and hedge funds own 94.62% of the company’s stock.

AutoNation Company Profile

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.