AutoNation, Inc. (AN) Receives Hold Rating from Jefferies Group LLC

AutoNation, Inc. (NYSE:AN)‘s stock had its “hold” rating restated by investment analysts at Jefferies Group LLC in a report issued on Thursday, July 6th. They presently have a $49.00 price objective on the stock. Jefferies Group LLC’s price target suggests a potential upside of 23.43% from the company’s previous close.

Several other brokerages also recently weighed in on AN. Deutsche Bank AG restated a “hold” rating and set a $50.00 target price (down from $52.00) on shares of AutoNation in a research note on Saturday, April 29th. BidaskClub upgraded AutoNation from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 29th. Morgan Stanley lowered their target price on AutoNation from $57.00 to $53.00 and set an “overweight” rating for the company in a research note on Friday, June 9th. ValuEngine downgraded AutoNation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, 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. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the stock. AutoNation currently has an average rating of “Hold” and a consensus price target of $46.20.

AutoNation (AN) traded up 2.53% on Thursday, hitting $39.70. The stock had a trading volume of 2,078,865 shares. The company’s 50-day moving average is $41.66 and its 200-day moving average is $43.46. The stock has a market cap of $3.97 billion, a P/E ratio of 9.89 and a beta of 1.24. AutoNation has a one year low of $38.20 and a one year high of $53.74.

AutoNation (NYSE:AN) last announced its earnings results on Wednesday, August 2nd. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.98 by $0.12. The business had revenue of $5.28 billion for 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 firm’s revenue was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.08 earnings per share. On average, analysts anticipate that AutoNation will post $3.64 earnings per share for the current fiscal year.

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Large investors have recently made changes to their positions in the company. 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 valued at $211,000 after buying an additional 1,833 shares during the last quarter. 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 valued at $1,244,000 after buying an additional 13,371 shares during the last quarter. Clinton Group Inc. purchased a new stake in shares of AutoNation during the first quarter valued at approximately $2,065,000. Numeric Investors LLC purchased a new stake in shares of AutoNation during the fourth quarter valued at approximately $253,000. Finally, Russell Investments Group Ltd. acquired a new position in AutoNation during the fourth quarter valued at about $833,000. 66.17% of the stock is currently owned by hedge funds and other institutional investors.

About AutoNation

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.

Analyst Recommendations for AutoNation (NYSE:AN)

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