Deutsche Bank AG Cuts AutoNation, Inc. (NYSE:AN) Price Target to $43.00
Other research analysts have also issued reports about the company. Jefferies Group LLC restated a hold rating and issued a $49.00 target price on shares of AutoNation in a research note on Thursday, July 6th. Buckingham Research cut their target price on AutoNation from $44.00 to $35.00 and set a neutral rating for the company in a research note on Thursday. Northcoast Research upgraded AutoNation from a neutral rating to a buy rating and set a $51.00 target price for the company in a research note on Thursday, June 8th. BidaskClub upgraded AutoNation from a strong sell rating to a sell rating in a research note on Thursday, June 29th. Finally, Wells Fargo & Company restated a market perform rating and issued a $45.00 target price (down from $48.50) on shares of AutoNation in a research note on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $46.20.
AutoNation (NYSE:AN) opened at 39.70 on Thursday. The firm has a 50-day moving average of $41.66 and a 200-day moving average of $43.46. The firm has a market cap of $3.97 billion, a P/E ratio of 9.89 and a beta of 1.24. AutoNation has a 12-month low of $38.20 and a 12-month high of $53.74.
AutoNation (NYSE:AN) last issued its earnings results on Wednesday, August 2nd. The company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by $0.12. The firm had revenue of $5.28 billion during the quarter, compared to analyst estimates of $5.56 billion. AutoNation had a net margin of 1.90% and a return on equity of 16.71%. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 earnings per share. On average, analysts expect that AutoNation will post $3.61 EPS for the current year.
A number of hedge funds have recently made changes to their positions in AN. Invictus RG boosted its stake in shares of AutoNation by 58.2% in the first quarter. Invictus RG now owns 4,981 shares of the company’s stock worth $211,000 after buying an additional 1,833 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of AutoNation by 78.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 30,345 shares of the company’s stock worth $1,244,000 after buying an additional 13,371 shares during the period. Clinton Group Inc. bought a new stake in shares of AutoNation during the first quarter worth $2,065,000. Dynamic Capital Management Ltd bought a new stake in shares of AutoNation during the first quarter worth $581,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of AutoNation during the fourth quarter worth $833,000. Hedge funds and other institutional investors own 65.97% of the company’s stock.
AutoNation, Inc (AutoNation) 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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