AutoNation, Inc. (NYSE:AN) Receives $199.29 Consensus PT from Analysts

Shares of AutoNation, Inc. (NYSE:AN) have received an average rating of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $199.29.

A number of research analysts have recently weighed in on the company. Guggenheim lowered their price target on AutoNation from $190.00 to $189.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. Morgan Stanley upgraded shares of AutoNation from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $145.00 to $200.00 in a report on Wednesday, September 25th. Wells Fargo & Company dropped their price objective on shares of AutoNation from $187.00 to $181.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 15th. Bank of America decreased their target price 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. Finally, JPMorgan Chase & Co. lowered their price target on shares of AutoNation from $190.00 to $180.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th.

AutoNation Trading Up 1.4 %

NYSE AN opened at $169.36 on Thursday. The firm’s 50 day moving average price is $170.11 and its two-hundred day moving average price is $169.74. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.20 and a current ratio of 0.80. AutoNation has a twelve month low of $133.13 and a twelve month high of $197.18. The stock has a market cap of $6.71 billion, a price-to-earnings ratio of 9.77, a PEG ratio of 3.63 and a beta of 1.26.

Hedge Funds Weigh In On AutoNation

Several hedge funds have recently bought and sold shares of AN. Ashton Thomas Private Wealth LLC bought a new position in shares of AutoNation in the second quarter valued at approximately $37,000. Venturi Wealth Management LLC grew its stake in AutoNation by 403.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 282 shares of the company’s stock valued at $50,000 after buying an additional 226 shares during the last quarter. GAMMA Investing LLC raised its holdings in AutoNation by 54.0% in the 3rd quarter. GAMMA Investing LLC now owns 311 shares of the company’s stock worth $56,000 after acquiring an additional 109 shares during the period. Quarry LP lifted its position in AutoNation by 498.5% during the 2nd quarter. Quarry LP now owns 407 shares of the company’s stock worth $65,000 after acquiring an additional 339 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in AutoNation by 1,507.3% during the second quarter. EverSource Wealth Advisors LLC now owns 884 shares of the company’s stock valued at $141,000 after acquiring an additional 829 shares during the period. 94.62% of the stock is owned by institutional investors and hedge funds.

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.