Guggenheim Has Lowered Expectations for AutoNation (NYSE:AN) Stock Price

AutoNation (NYSE:AN) had its price objective reduced by Guggenheim from $190.00 to $189.00 in a research report sent to investors on Thursday morning,Benzinga reports. Guggenheim currently has a buy rating on the stock.

Other equities analysts have also recently issued research reports about the company. Morgan Stanley raised AutoNation from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $145.00 to $200.00 in a report on Wednesday, September 25th. JPMorgan Chase & Co. reduced their target price on shares of AutoNation from $190.00 to $180.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Bank of America dropped their price objective on shares of AutoNation from $220.00 to $215.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Stephens initiated coverage on AutoNation in a report on Thursday, September 12th. They issued an “overweight” rating and a $210.00 target price for the company. Finally, Wells Fargo & Company reduced their price target on AutoNation from $187.00 to $181.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 15th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $199.29.

AutoNation Stock Up 1.4 %

AN opened at $172.46 on Thursday. The company has a market cap of $6.84 billion, a PE ratio of 9.95, a price-to-earnings-growth ratio of 3.55 and a beta of 1.21. AutoNation has a twelve month low of $130.35 and a twelve month high of $197.18. The company has a 50-day moving average price of $167.39 and a 200 day moving average price of $168.45. The company has a quick ratio of 0.20, a current ratio of 0.80 and a debt-to-equity ratio of 1.58.

Hedge Funds Weigh In On AutoNation

A number of institutional investors and hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in AutoNation by 2.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,605,708 shares of the company’s stock worth $255,910,000 after buying an additional 41,712 shares during the last quarter. Boston Partners acquired a new position in AutoNation in the first quarter valued at approximately $170,270,000. State Street Corp increased its stake in AutoNation by 2.3% in the third quarter. State Street Corp now owns 854,034 shares of the company’s stock valued at $152,804,000 after purchasing an additional 19,037 shares during the last quarter. LSV Asset Management raised its holdings in AutoNation by 0.6% during the second quarter. LSV Asset Management now owns 781,825 shares of the company’s stock worth $124,607,000 after purchasing an additional 4,350 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of AutoNation by 4.5% during the 3rd quarter. Geode Capital Management LLC now owns 433,730 shares of the company’s stock worth $77,623,000 after buying an additional 18,588 shares during the last quarter. Institutional investors and hedge funds own 94.62% of the company’s stock.

AutoNation Company Profile

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.