AutoNation, Inc. (NYSE:AN) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of AutoNation, Inc. (NYSE:AN) have been given an average recommendation of “Moderate Buy” by the seven ratings firms that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $199.29.

A number of brokerages have recently issued reports on AN. Bank of America reduced their price target on AutoNation from $220.00 to $215.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Wells Fargo & Company decreased their price target on AutoNation from $187.00 to $181.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 15th. Stephens initiated coverage on AutoNation in a research note on Thursday, September 12th. They set an “overweight” rating and a $210.00 price target on the stock. JPMorgan Chase & Co. decreased their price objective on shares of AutoNation from $190.00 to $180.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Finally, Guggenheim dropped their target price on shares of AutoNation from $190.00 to $189.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st.

Institutional Trading of AutoNation

Institutional investors and hedge funds have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC boosted its stake in shares of AutoNation by 2.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,845 shares of the company’s stock worth $509,000 after buying an additional 62 shares during the last quarter. OLD National Bancorp IN grew its stake in shares of AutoNation by 2.2% during the 3rd quarter. OLD National Bancorp IN now owns 3,100 shares of the company’s stock worth $555,000 after purchasing an additional 68 shares during the period. Sei Investments Co. increased its holdings in shares of AutoNation by 0.5% during the 2nd quarter. Sei Investments Co. now owns 15,130 shares of the company’s stock valued at $2,413,000 after purchasing an additional 72 shares in the last quarter. Mutual of America Capital Management LLC boosted its holdings in AutoNation by 0.6% during the third quarter. Mutual of America Capital Management LLC now owns 14,152 shares of the company’s stock worth $2,532,000 after buying an additional 87 shares in the last quarter. Finally, Davis Capital Management increased its holdings in AutoNation by 1.0% in the third quarter. Davis Capital Management now owns 9,624 shares of the company’s stock valued at $1,722,000 after buying an additional 92 shares in the last quarter. 94.62% of the stock is currently owned by institutional investors and hedge funds.

AutoNation Stock Down 0.2 %

Shares of AutoNation stock opened at $173.09 on Thursday. AutoNation has a 52-week low of $133.13 and a 52-week high of $197.18. The firm’s 50 day moving average price is $170.73 and its 200-day moving average price is $169.92. 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 $6.86 billion, a P/E ratio of 9.98, a PEG ratio of 3.63 and a beta of 1.26.

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.