AutoNation (NYSE:AN) Price Target Raised to $230.00 at JPMorgan Chase & Co.

AutoNation (NYSE:AN) had its target price raised by JPMorgan Chase & Co. from $205.00 to $230.00 in a research report released on Tuesday morning,Benzinga reports. They currently have a neutral rating on the stock.

AN has been the topic of several other reports. Citigroup reaffirmed a “buy” rating on shares of AutoNation in a report on Thursday, September 25th. Morgan Stanley upped their price target on shares of AutoNation from $195.00 to $220.00 and gave the company an “overweight” rating in a report on Thursday, August 14th. Stephens upped their price target on shares of AutoNation from $190.00 to $200.00 and gave the company an “equal weight” rating in a report on Tuesday, July 29th. Wells Fargo & Company upped their price target on shares of AutoNation from $209.00 to $221.00 and gave the company an “equal weight” rating in a report on Monday, July 28th. Finally, Guggenheim lowered their price target on shares of AutoNation from $230.00 to $228.00 and set a “buy” rating on the stock in a report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $225.75.

AutoNation Price Performance

Shares of AN opened at $220.97 on Tuesday. The firm has a market capitalization of $8.33 billion, a PE ratio of 13.84, a price-to-earnings-growth ratio of 0.99 and a beta of 0.85. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.81 and a quick ratio of 0.21. AutoNation has a 1-year low of $148.33 and a 1-year high of $228.92. The company’s fifty day moving average price is $216.68 and its 200-day moving average price is $196.79.

AutoNation (NYSE:AN) last announced its quarterly earnings data on Friday, July 25th. The company reported $5.46 earnings per share for the quarter, beating analysts’ consensus estimates of $4.70 by $0.76. The firm had revenue of $6.97 billion for the quarter, compared to analyst estimates of $6.77 billion. AutoNation had a net margin of 2.31% and a return on equity of 31.12%. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the company earned $3.99 earnings per share. On average, equities research analysts predict that AutoNation will post 18.15 EPS for the current year.

Hedge Funds Weigh In On AutoNation

Hedge funds have recently made changes to their positions in the stock. Geneos Wealth Management Inc. boosted its position in shares of AutoNation by 37.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 235 shares of the company’s stock worth $38,000 after purchasing an additional 64 shares during the period. GAMMA Investing LLC boosted its position in AutoNation by 81.1% in the 1st quarter. GAMMA Investing LLC now owns 460 shares of the company’s stock valued at $74,000 after buying an additional 206 shares during the period. Parallel Advisors LLC boosted its position in AutoNation by 45.3% in the 2nd quarter. Parallel Advisors LLC now owns 375 shares of the company’s stock valued at $74,000 after buying an additional 117 shares during the period. SVB Wealth LLC purchased a new position in AutoNation in the 1st quarter valued at approximately $86,000. Finally, IFP Advisors Inc boosted its position in AutoNation by 38.0% in the 2nd quarter. IFP Advisors Inc now owns 508 shares of the company’s stock valued at $101,000 after buying an additional 140 shares during the period. Hedge funds and other institutional investors 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.