AutoNation Inc. (NYSE:AN) fell 4.2% during mid-day trading on Monday . The stock traded as low as $51.10 and last traded at $51.13, with a volume of 1,808,169 shares traded. The stock had previously closed at $53.35.

Several brokerages have recently issued reports on AN. Jefferies Group lifted their target price on AutoNation from $50.00 to $57.00 and gave the stock a “hold” rating in a report on Monday. TheStreet raised AutoNation from a “hold” rating to a “buy” rating in a report on Monday, July 18th. Zacks Investment Research raised AutoNation from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a report on Tuesday, April 5th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $55.00 target price on shares of AutoNation in a report on Monday, April 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $60.88.

The stock’s 50-day moving average is $49.41 and its 200 day moving average is $48.42. The firm has a market capitalization of $5.34 billion and a price-to-earnings ratio of 13.56.

AutoNation (NYSE:AN) last released its quarterly earnings data on Friday, July 29th. The company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.03. During the same quarter in the previous year, the firm posted $1.00 earnings per share. The company had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $5.51 billion. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. Equities research analysts forecast that AutoNation Inc. will post $4.25 EPS for the current fiscal year.

In related news, EVP Jonathan P. Ferrando sold 20,000 shares of the business’s stock in a transaction on Tuesday, May 31st. The stock was sold at an average price of $50.51, for a total transaction of $1,010,200.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO William R. Berman sold 1,473 shares of the business’s stock in a transaction on Wednesday, June 8th. The shares were sold at an average price of $50.77, for a total value of $74,784.21. Following the sale, the chief operating officer now owns 1,814 shares in the company, valued at $92,096.78. The disclosure for this sale can be found here.

Several hedge funds recently added to or reduced their stakes in the stock. OppenheimerFunds Inc. bought a new stake in AutoNation during the fourth quarter worth about $1,126,000. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its stake in AutoNation by 1.4% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 19,384 shares of the company’s stock worth $1,156,000 after buying an additional 263 shares during the last quarter. Nationwide Fund Advisors raised its stake in AutoNation by 2.3% in the fourth quarter. Nationwide Fund Advisors now owns 23,502 shares of the company’s stock worth $1,402,000 after buying an additional 527 shares during the last quarter. J. Goldman & Co LP bought a new stake in AutoNation during the fourth quarter worth about $1,191,000. Finally, Mizuho Trust & Banking Co. Ltd. raised its stake in AutoNation by 0.3% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 116,965 shares of the company’s stock worth $7,051,000 after buying an additional 320 shares during the last quarter.

AutoNation, Inc is an automotive retailer in the United States. The Company offers a range of automotive products and services, including new vehicles, used vehicles, parts and service, which includes automotive repair and maintenance services, as well as wholesale parts and collision businesses, and automotive finance and insurance products, including vehicle service and other protection products, as well as the arranging of financing for vehicle purchases through third-party finance sources.

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