Other equities analysts have also recently issued reports about the company. Deutsche Bank AG restated a hold rating and set a $46.00 price objective (down from $50.00) on shares of AutoNation in a research note on Thursday, June 22nd. Northcoast Research upgraded AutoNation from a neutral rating to a buy rating and set a $51.00 price objective on the stock in a research note on Thursday, June 8th. BidaskClub raised AutoNation from a strong sell rating to a sell rating in a research report on Thursday, June 29th. ValuEngine lowered AutoNation from a buy rating to a hold rating in a research report on Friday, June 2nd. Finally, Morgan Stanley decreased their target price on AutoNation from $57.00 to $53.00 and set an overweight rating for the company in a research report on Friday, June 9th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $48.86.
AutoNation (NYSE:AN) opened at 40.55 on Thursday. The firm has a market capitalization of $4.11 billion, a P/E ratio of 9.59 and a beta of 1.25. The company’s 50-day moving average is $40.18 and its 200-day moving average is $44.67. AutoNation has a one year low of $38.20 and a one year high of $54.15.
AutoNation (NYSE:AN) last issued its earnings results on Tuesday, April 25th. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.06. AutoNation had a return on equity of 18.40% and a net margin of 2.00%. The company had revenue of $5.14 billion for the quarter, compared to analysts’ expectations of $5.33 billion. During the same period last year, the business earned $0.93 EPS. AutoNation’s quarterly revenue was up .4% compared to the same quarter last year. Equities analysts forecast that AutoNation will post $3.91 earnings per share for the current fiscal year.
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A number of large investors have recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of AutoNation by 2,957.8% in the first quarter. BlackRock Inc. now owns 4,175,382 shares of the company’s stock valued at $176,578,000 after buying an additional 4,038,834 shares during the period. Harris Associates L P raised its position in AutoNation by 324.0% in the first quarter. Harris Associates L P now owns 5,038,530 shares of the company’s stock worth $213,079,000 after buying an additional 3,850,104 shares during the last quarter. Kiltearn Partners LLP bought a new position in AutoNation during the first quarter worth $85,413,000. Norges Bank bought a new position in AutoNation during the fourth quarter worth $29,909,000. Finally, WS Management Lllp bought a new position in AutoNation during the first quarter worth $22,593,000. 66.12% of the stock is owned by institutional investors.
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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