AutoNation (NYSE:AN) Price Target Raised to $170.00

AutoNation (NYSE:AN) had its target price raised by Wells Fargo & Company from $169.00 to $170.00 in a research report released on Wednesday,Benzinga reports. The firm currently has an equal weight rating on the stock.

Other equities research analysts have also issued reports about the company. Morgan Stanley upgraded AutoNation from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $145.00 to $200.00 in a report on Wednesday, September 25th. Guggenheim decreased their price objective on shares of AutoNation from $190.00 to $189.00 and set a “buy” rating for the company in a report on Thursday, November 21st. JPMorgan Chase & Co. lowered their target price on shares of AutoNation from $190.00 to $180.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Finally, Bank of America cut their target price on shares of AutoNation from $220.00 to $215.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $197.71.

AutoNation Price Performance

NYSE AN opened at $185.53 on Wednesday. The firm has a market cap of $7.36 billion, a P/E ratio of 10.70, a price-to-earnings-growth ratio of 3.28 and a beta of 1.26. The stock’s 50-day moving average is $173.32 and its two-hundred day moving average is $170.85. AutoNation has a fifty-two week low of $136.35 and a fifty-two week high of $197.18. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.80 and a quick ratio of 0.20.

Institutional Trading of AutoNation

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Fortitude Family Office LLC lifted its stake in shares of AutoNation by 581.8% in the fourth quarter. Fortitude Family Office LLC now owns 150 shares of the company’s stock valued at $25,000 after buying an additional 128 shares during the period. Venturi Wealth Management LLC raised its holdings 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 acquiring an additional 226 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of 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 shares of AutoNation by 498.5% in 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 period. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of AutoNation by 1,507.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 884 shares of the company’s stock worth $141,000 after purchasing an additional 829 shares in the last quarter. 94.62% of the stock is currently owned by institutional investors and hedge funds.

About AutoNation

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.