AutoNation (NYSE:AN) Earns Buy Rating from Guggenheim

Guggenheim reissued their buy rating on shares of AutoNation (NYSE:AN) in a research report sent to investors on Wednesday,Benzinga reports.

Several other research firms have also commented on AN. Stephens boosted their price target on AutoNation from $195.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Wells Fargo & Company boosted their price target on AutoNation from $170.00 to $194.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. dropped their target price on AutoNation from $190.00 to $180.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, AutoNation has a consensus rating of “Moderate Buy” and a consensus target price of $199.71.

AutoNation Trading Down 1.7 %

Shares of NYSE AN opened at $191.77 on Wednesday. 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 business has a fifty day simple moving average of $179.12 and a two-hundred day simple moving average of $173.37. The firm has a market cap of $7.60 billion, a PE ratio of 11.06, a price-to-earnings-growth ratio of 3.71 and a beta of 1.25. AutoNation has a twelve month low of $136.35 and a twelve month high of $198.50.

AutoNation (NYSE:AN) last issued its earnings results on Tuesday, February 11th. The company reported $4.97 earnings per share for the quarter, beating analysts’ consensus estimates of $4.26 by $0.71. AutoNation had a return on equity of 32.01% and a net margin of 2.74%. Analysts expect that AutoNation will post 16.74 earnings per share for the current fiscal year.

Institutional Trading of AutoNation

Large investors have recently added to or reduced their stakes in the company. Fortitude Family Office LLC grew its stake in AutoNation by 581.8% during the 4th quarter. Fortitude Family Office LLC now owns 150 shares of the company’s stock valued at $25,000 after purchasing an additional 128 shares during the last quarter. Global X Japan Co. Ltd. grew its stake in AutoNation by 150.8% during the 4th quarter. Global X Japan Co. Ltd. now owns 158 shares of the company’s stock valued at $27,000 after purchasing an additional 95 shares during the last quarter. Venturi Wealth Management LLC grew its stake in AutoNation by 403.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 282 shares of the company’s stock valued at $50,000 after purchasing an additional 226 shares during the last quarter. GAMMA Investing LLC grew its stake in AutoNation by 54.0% during the 3rd quarter. GAMMA Investing LLC now owns 311 shares of the company’s stock valued at $56,000 after purchasing an additional 109 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in AutoNation by 77.1% during the 4th quarter. Farther Finance Advisors LLC now owns 494 shares of the company’s stock valued at $84,000 after purchasing an additional 215 shares during the last quarter. Hedge funds and other institutional investors own 94.62% of the company’s stock.

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.