AutoNation, Inc. (NYSE:AN) has been assigned a consensus rating of “Hold” from the thirteen research firms that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $52.88.
Several equities analysts have recently issued reports on the stock. SunTrust Banks assumed coverage on shares of AutoNation in a research note on Friday, August 24th. They issued a “hold” rating and a $48.00 price objective on the stock. Buckingham Research dropped their target price on shares of AutoNation from $51.00 to $47.00 and set a “neutral” rating on the stock in a research report on Thursday, August 2nd. Morgan Stanley downgraded shares of AutoNation from an “overweight” rating to an “underweight” rating and set a $57.00 target price on the stock. in a research report on Tuesday, July 10th. Finally, ValuEngine downgraded shares of AutoNation from a “hold” rating to a “sell” rating in a research report on Monday, August 13th.
In related news, CAO Christopher Cade sold 1,443 shares of the firm’s stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $47.96, for a total transaction of $69,206.28. Following the completion of the sale, the chief accounting officer now directly owns 1,199 shares in the company, valued at $57,504.04. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director David B. Edelson sold 42,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 10th. The stock was sold at an average price of $48.28, for a total transaction of $2,027,760.00. Following the sale, the director now owns 70,946 shares of the company’s stock, valued at $3,425,272.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 85,455 shares of company stock worth $4,056,689. 2.80% of the stock is currently owned by insiders.
Several hedge funds have recently bought and sold shares of the stock. Townsend & Associates Inc lifted its stake in AutoNation by 8.4% in the second quarter. Townsend & Associates Inc now owns 13,234 shares of the company’s stock valued at $643,000 after acquiring an additional 1,028 shares during the last quarter. Telemus Capital LLC lifted its stake in shares of AutoNation by 1.8% in the second quarter. Telemus Capital LLC now owns 69,776 shares of the company’s stock worth $3,390,000 after buying an additional 1,219 shares during the last quarter. Mutual of America Capital Management LLC lifted its stake in shares of AutoNation by 2.5% in the second quarter. Mutual of America Capital Management LLC now owns 50,544 shares of the company’s stock worth $2,455,000 after buying an additional 1,233 shares during the last quarter. Guggenheim Capital LLC lifted its stake in shares of AutoNation by 1.6% in the first quarter. Guggenheim Capital LLC now owns 103,364 shares of the company’s stock worth $4,836,000 after buying an additional 1,601 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in shares of AutoNation by 40.1% in the second quarter. State of Alaska Department of Revenue now owns 6,360 shares of the company’s stock worth $308,000 after buying an additional 1,820 shares during the last quarter. Institutional investors and hedge funds own 65.94% of the company’s stock.
Shares of AN stock traded up $0.01 during midday trading on Friday, reaching $44.48. 12,089 shares of the company were exchanged, compared to its average volume of 554,544. AutoNation has a 12 month low of $42.87 and a 12 month high of $62.02. The company has a market capitalization of $3.95 billion, a price-to-earnings ratio of 11.77, a price-to-earnings-growth ratio of 1.38 and a beta of 1.28. The company has a current ratio of 0.86, a quick ratio of 0.20 and a debt-to-equity ratio of 0.78.
AutoNation (NYSE:AN) last announced its quarterly earnings data on Wednesday, August 1st. The company reported $1.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.01. The company had revenue of $5.39 billion for the quarter, compared to analysts’ expectations of $5.42 billion. AutoNation had a net margin of 2.02% and a return on equity of 16.64%. The business’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 EPS. equities research analysts predict that AutoNation will post 4.7 earnings per share for the current year.
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.
Featured Story: Marijuana Stocks Investing Considerations
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.