AutoNation, Inc. (AN) Receives Average Rating of “Hold” from Analysts

AutoNation, Inc. (NYSE:AN) has been given an average recommendation of “Hold” by the ten analysts that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $52.40.

A number of research analysts recently commented on AN shares. SunTrust Banks started coverage on AutoNation in a report on Friday, August 24th. They issued a “hold” rating and a $48.00 price objective on the stock. ValuEngine upgraded AutoNation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 24th. Wolfe Research cut AutoNation from a “market perform” rating to an “underperform” rating and decreased their price target for the stock from $46.00 to $37.00 in a research note on Tuesday, October 2nd. Buckingham Research decreased their price target on AutoNation from $42.00 to $38.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 31st. Finally, Bank of America upgraded AutoNation from a “neutral” rating to a “buy” rating and set a $59.00 price target on the stock in a research note on Wednesday, October 24th. They noted that the move was a valuation call.

AN traded down $0.39 during trading hours on Monday, reaching $38.98. The company’s stock had a trading volume of 650,633 shares, compared to its average volume of 1,149,396. AutoNation has a fifty-two week low of $37.64 and a fifty-two week high of $62.02. The stock has a market capitalization of $3.52 billion, a PE ratio of 10.23, a P/E/G ratio of 1.15 and a beta of 1.22. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.20 and a current ratio of 0.86.

AutoNation (NYSE:AN) last released its quarterly earnings data on Tuesday, October 30th. The company reported $1.24 EPS for the quarter, meeting analysts’ consensus estimates of $1.24. AutoNation had a return on equity of 16.21% and a net margin of 2.10%. The firm had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.58 billion. During the same period in the prior year, the firm posted $1.00 earnings per share. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. As a group, equities research analysts forecast that AutoNation will post 4.66 earnings per share for the current fiscal year.

In other news, Director Rick L. Burdick sold 4,808 shares of the company’s stock in a transaction on Monday, August 20th. The stock was sold at an average price of $47.00, for a total transaction of $225,976.00. Following the sale, the director now owns 38,686 shares of the company’s stock, valued at $1,818,242. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael J. Jackson sold 74,208 shares of the company’s stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $40.69, for a total value of $3,019,523.52. Following the sale, the chief executive officer now directly owns 168,205 shares in the company, valued at approximately $6,844,261.45. The disclosure for this sale can be found here. Insiders have sold 79,116 shares of company stock worth $3,250,200 in the last ninety days. Corporate insiders own 2.80% of the company’s stock.

Several institutional investors have recently bought and sold shares of AN. Canada Pension Plan Investment Board increased its holdings in AutoNation by 32.4% in the second quarter. Canada Pension Plan Investment Board now owns 136,000 shares of the company’s stock valued at $6,607,000 after buying an additional 33,300 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in AutoNation by 1,960.6% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,597,000 shares of the company’s stock valued at $77,582,000 after buying an additional 1,519,500 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in AutoNation by 56.9% in the second quarter. Public Employees Retirement System of Ohio now owns 57,319 shares of the company’s stock valued at $2,785,000 after buying an additional 20,776 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in AutoNation in the second quarter valued at $774,000. Finally, Commonwealth Bank of Australia increased its holdings in AutoNation by 8.3% in the second quarter. Commonwealth Bank of Australia now owns 35,177 shares of the company’s stock valued at $1,705,000 after buying an additional 2,700 shares during the last quarter. 66.00% of the stock is currently owned by institutional investors and hedge funds.

About AutoNation

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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Analyst Recommendations for AutoNation (NYSE:AN)

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