Benchmark restated their hold rating on shares of AutoNation (NYSE:AN) in a report issued on Monday morning, TipRanks reports.
AN has been the topic of a number of other reports. Morgan Stanley dropped their price target on shares of AutoNation from $44.00 to $40.00 and set an underweight rating on the stock in a research note on Wednesday, March 11th. Cfra dropped their price target on shares of AutoNation from $62.00 to $60.00 and set a buy rating on the stock in a research note on Tuesday, February 11th. TheStreet lowered shares of AutoNation from a b rating to a c+ rating in a research note on Thursday, March 12th. Finally, JPMorgan Chase & Co. upgraded shares of AutoNation from an underweight rating to a neutral rating and dropped their price target for the stock from $54.00 to $47.00 in a research note on Wednesday, March 11th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $47.50.
Shares of AutoNation stock opened at $31.35 on Monday. AutoNation has a 52-week low of $20.59 and a 52-week high of $53.19. The company has a quick ratio of 0.22, a current ratio of 0.86 and a debt-to-equity ratio of 0.60. The company’s 50-day simple moving average is $40.33 and its 200-day simple moving average is $47.08. The firm has a market cap of $2.80 billion, a price-to-earnings ratio of 6.31, a price-to-earnings-growth ratio of 1.90 and a beta of 0.92.
AutoNation (NYSE:AN) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.18. AutoNation had a net margin of 2.11% and a return on equity of 14.46%. The business had revenue of $5.55 billion for the quarter, compared to analyst estimates of $5.53 billion. During the same period in the previous year, the business posted $1.02 earnings per share. The business’s revenue was up 2.5% compared to the same quarter last year. Equities research analysts anticipate that AutoNation will post 4.24 EPS for the current year.
In related news, Director Robert R. Grusky sold 5,000 shares of the business’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $48.06, for a total transaction of $240,300.00. Following the sale, the director now owns 44,721 shares of the company’s stock, valued at $2,149,291.26. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Edward S. Lampert sold 214,149 shares of the business’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $45.08, for a total transaction of $9,653,836.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 437,424 shares of company stock worth $19,820,268. 2.10% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in AN. Investec Asset Management LTD boosted its holdings in AutoNation by 150.1% during the fourth quarter. Investec Asset Management LTD now owns 1,110,267 shares of the company’s stock worth $53,992,000 after buying an additional 666,400 shares in the last quarter. Norges Bank purchased a new stake in shares of AutoNation in the fourth quarter valued at about $22,173,000. AQR Capital Management LLC lifted its holdings in shares of AutoNation by 150.8% in the fourth quarter. AQR Capital Management LLC now owns 751,135 shares of the company’s stock valued at $36,438,000 after purchasing an additional 451,620 shares in the last quarter. Squarepoint Ops LLC lifted its holdings in shares of AutoNation by 78.5% in the third quarter. Squarepoint Ops LLC now owns 319,738 shares of the company’s stock valued at $16,211,000 after purchasing an additional 140,629 shares in the last quarter. Finally, Martingale Asset Management L P lifted its holdings in shares of AutoNation by 225.9% in the fourth quarter. Martingale Asset Management L P now owns 166,749 shares of the company’s stock valued at $8,110,000 after purchasing an additional 115,586 shares in the last quarter. 65.46% of the stock is currently owned by hedge funds and other institutional investors.
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.
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