AutoNation (NYSE:AN) Price Target Raised to $195.00

AutoNation (NYSE:AN) had its price objective hoisted by analysts at JPMorgan Chase & Co. from $180.00 to $195.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 3.09% from the company’s current price.

Several other research firms also recently issued reports on AN. Evercore ISI boosted their price target on AutoNation from $220.00 to $240.00 and gave the company an “outperform” rating in a research note on Tuesday. Guggenheim restated a “buy” rating on shares of AutoNation in a research note on Wednesday, February 12th. StockNews.com upgraded AutoNation from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Stephens boosted their price target on AutoNation from $195.00 to $200.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 12th. Finally, Wells Fargo & Company boosted their price target on AutoNation from $170.00 to $194.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $204.71.

AutoNation Stock Down 0.4 %

AN stock opened at $189.16 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.20 and a debt-to-equity ratio of 1.58. The firm has a market capitalization of $7.39 billion, a PE ratio of 11.17, a PEG ratio of 3.74 and a beta of 1.25. AutoNation has a 1-year low of $136.35 and a 1-year high of $198.50. The business’s 50 day simple moving average is $180.95 and its 200 day simple moving average is $173.89.

AutoNation (NYSE:AN) last posted its earnings results on Tuesday, February 11th. The company reported $4.97 earnings per share for the quarter, topping analysts’ consensus estimates of $4.26 by $0.71. AutoNation had a return on equity of 30.98% and a net margin of 2.59%. As a group, research analysts anticipate that AutoNation will post 18.15 EPS for the current year.

Institutional Trading of AutoNation

A number of institutional investors have recently modified their holdings of AN. Fortitude Family Office LLC lifted its position in shares of AutoNation by 581.8% during the 4th quarter. Fortitude Family Office LLC now owns 150 shares of the company’s stock valued at $25,000 after acquiring an additional 128 shares during the period. Global X Japan Co. Ltd. lifted its position in shares of AutoNation by 150.8% during the 4th quarter. Global X Japan Co. Ltd. now owns 158 shares of the company’s stock valued at $27,000 after acquiring an additional 95 shares during the period. Venturi Wealth Management LLC lifted its position in shares of AutoNation by 403.6% during 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 during the period. NewEdge Advisors LLC lifted its position in shares of AutoNation by 25.5% during the 4th quarter. NewEdge Advisors LLC now owns 315 shares of the company’s stock worth $54,000 after buying an additional 64 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of AutoNation by 77.1% during the 4th quarter. Farther Finance Advisors LLC now owns 494 shares of the company’s stock worth $84,000 after buying an additional 215 shares during the last quarter. 94.62% of the stock is currently owned by institutional investors.

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.