AutoNation Inc. (AN) Downgraded by TheStreet
AN has been the subject of several other research reports. Wolfe Research started coverage on shares of AutoNation in a research note on Wednesday, August 31st. They issued a peer perform rating for the company. CL King assumed coverage on shares of AutoNation in a research report on Wednesday, September 7th. They set a buy rating for the company. Jefferies Group increased their price objective on shares of AutoNation from $50.00 to $57.00 and gave the stock a hold rating in a research report on Monday, August 1st. Finally, Seaport Global Securities assumed coverage on shares of AutoNation in a research report on Tuesday, August 9th. They set a neutral rating for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The company has a consensus rating of Hold and an average price target of $59.43.
Shares of AutoNation (NYSE:AN) opened at 48.84 on Thursday. AutoNation has a 52 week low of $40.45 and a 52 week high of $65.51. The firm’s 50-day moving average price is $48.23 and its 200 day moving average price is $48.54. The company has a market cap of $4.99 billion, a price-to-earnings ratio of 12.56 and a beta of 1.10.
AutoNation (NYSE:AN) last posted its quarterly earnings results on Friday, July 29th. The company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.03. AutoNation had a net margin of 1.99% and a return on equity of 19.91%. The business earned $5.44 billion during the quarter, compared to analysts’ expectations of $5.51 billion. During the same quarter in the prior year, the company posted $1.00 EPS. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, equities research analysts forecast that AutoNation will post $4.26 EPS for the current year.
A number of large investors have recently added to or reduced their stakes in the company. Nordea Investment Management AB raised its stake in AutoNation by 11.1% in the second quarter. Nordea Investment Management AB now owns 2,285 shares of the company’s stock worth $107,000 after buying an additional 229 shares during the period. Creative Planning raised its stake in AutoNation by 36.1% in the second quarter. Creative Planning now owns 2,730 shares of the company’s stock worth $128,000 after buying an additional 724 shares during the period. Glenmede Trust Co. NA raised its stake in AutoNation by 879.4% in the second quarter. Glenmede Trust Co. NA now owns 3,330 shares of the company’s stock worth $155,000 after buying an additional 2,990 shares during the period. Shell Asset Management Co. raised its stake in shares of AutoNation by 14.5% in the second quarter. Shell Asset Management Co. now owns 3,397 shares of the company’s stock worth $160,000 after buying an additional 430 shares during the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in shares of AutoNation by 35.7% in the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,800 shares of the company’s stock worth $179,000 after buying an additional 1,000 shares during the last quarter. Institutional investors own 69.12% of the company’s stock.
AutoNation Company Profile
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.
Receive News & Ratings for AutoNation Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AutoNation Inc. and related companies with MarketBeat.com's FREE daily email newsletter.