AutoNation (NYSE:AN) Price Target Raised to $220.00 at Evercore ISI

AutoNation (NYSE:ANFree Report) had its target price increased by Evercore ISI from $200.00 to $220.00 in a report published on Monday morning, Benzinga reports. They currently have an outperform rating on the stock.

Other equities research analysts have also issued reports about the company. Guggenheim upped their price target on AutoNation from $169.00 to $187.00 and gave the company a buy rating in a research report on Friday, May 17th. Wells Fargo & Company lifted their price target on AutoNation from $153.00 to $169.00 and gave the stock an equal weight rating in a report on Monday, April 29th. StockNews.com cut shares of AutoNation from a buy rating to a hold rating in a research report on Wednesday, February 21st. Bank of America cut their price objective on shares of AutoNation from $220.00 to $215.00 and set a buy rating for the company in a research report on Wednesday, April 10th. Finally, JPMorgan Chase & Co. boosted their target price on shares of AutoNation from $142.00 to $155.00 and gave the company a neutral rating in a report on Thursday, May 2nd. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $183.25.

View Our Latest Stock Report on AN

AutoNation Trading Down 0.8 %

Shares of AN opened at $168.02 on Monday. AutoNation has a 52-week low of $123.81 and a 52-week high of $182.08. The stock has a market cap of $6.77 billion, a PE ratio of 7.97, a price-to-earnings-growth ratio of 3.16 and a beta of 1.21. The firm’s fifty day moving average is $163.98 and its two-hundred day moving average is $152.61. The company has a quick ratio of 0.23, a current ratio of 0.79 and a debt-to-equity ratio of 1.47.

AutoNation (NYSE:ANGet Free Report) last posted its quarterly earnings results on Friday, April 26th. The company reported $4.49 earnings per share for the quarter, topping analysts’ consensus estimates of $4.45 by $0.04. The firm had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.49 billion. AutoNation had a net margin of 3.41% and a return on equity of 42.44%. AutoNation’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the business posted $6.05 earnings per share. Research analysts forecast that AutoNation will post 18.44 earnings per share for the current fiscal year.

AutoNation declared that its board has approved a stock repurchase program on Friday, April 26th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to purchase up to 14.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Transactions at AutoNation

In other AutoNation news, Director David B. Edelson sold 10,000 shares of AutoNation stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $168.00, for a total value of $1,680,000.00. Following the completion of the transaction, the director now directly owns 48,793 shares of the company’s stock, valued at approximately $8,197,224. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other AutoNation news, Director David B. Edelson sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $168.00, for a total value of $1,680,000.00. Following the completion of the transaction, the director now owns 48,793 shares of the company’s stock, valued at approximately $8,197,224. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Edward S. Lampert sold 100,000 shares of the business’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $161.26, for a total transaction of $16,126,000.00. Following the completion of the transaction, the insider now owns 4,167,270 shares of the company’s stock, valued at approximately $672,013,960.20. The disclosure for this sale can be found here. Company insiders own 0.74% of the company’s stock.

Institutional Investors Weigh In On AutoNation

Large investors have recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of AutoNation by 4.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 44,695 shares of the company’s stock valued at $6,767,000 after acquiring an additional 1,983 shares during the last quarter. Quest Partners LLC acquired a new stake in AutoNation during the fourth quarter worth approximately $1,222,000. First United Bank & Trust purchased a new stake in shares of AutoNation during the 4th quarter worth approximately $26,000. Bridgewater Associates LP boosted its holdings in shares of AutoNation by 20.5% in the 4th quarter. Bridgewater Associates LP now owns 107,558 shares of the company’s stock valued at $16,153,000 after buying an additional 18,278 shares in the last quarter. Finally, Mirabella Financial Services LLP purchased a new position in shares of AutoNation in the 3rd quarter valued at $919,000. 94.62% of the stock is owned by hedge funds and other institutional investors.

About AutoNation

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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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