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

AutoNation, Inc. (NYSE:AN - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the seven analysts that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $199.29.

Several research analysts have weighed in on AN shares. Bank of America lowered their target price on AutoNation from $220.00 to $215.00 and set a "buy" rating on the stock in a research note on Monday, October 14th. Guggenheim cut their price objective on shares of AutoNation from $190.00 to $189.00 and set a "buy" rating for the company in a research report on Thursday, November 21st. Stephens began coverage on shares of AutoNation in a report on Thursday, September 12th. They issued an "overweight" rating and a $210.00 target price on the stock. JPMorgan Chase & Co. cut their price target on shares of AutoNation from $190.00 to $180.00 and set a "neutral" rating for the company in a report on Tuesday, November 5th. Finally, Wells Fargo & Company lowered their price objective on AutoNation from $187.00 to $181.00 and set an "equal weight" rating on the stock in a report on Tuesday, October 15th.

Institutional Investors Weigh In On AutoNation

Several institutional investors have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. raised its stake in shares of AutoNation by 10.3% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 10,625 shares of the company's stock worth $1,693,000 after buying an additional 990 shares during the last quarter. Natixis Advisors LLC increased its stake in shares of AutoNation by 4.2% during the 2nd quarter. Natixis Advisors LLC now owns 15,771 shares of the company's stock worth $2,514,000 after purchasing an additional 639 shares in the last quarter. Versor Investments LP acquired a new position in shares of AutoNation during the 2nd quarter worth approximately $673,000. Larson Financial Group LLC lifted its stake in AutoNation by 17.2% in the 2nd quarter. Larson Financial Group LLC now owns 1,471 shares of the company's stock valued at $234,000 after buying an additional 216 shares in the last quarter. Finally, Foster & Motley Inc. increased its position in AutoNation by 35.5% during the second quarter. Foster & Motley Inc. now owns 3,262 shares of the company's stock worth $520,000 after buying an additional 855 shares in the last quarter. Hedge funds and other institutional investors own 94.62% of the company's stock.

AutoNation Stock Performance

Shares of AN traded down $2.90 during mid-day trading on Thursday, hitting $166.94. 322,591 shares of the company's stock were exchanged, compared to its average volume of 435,891. The firm has a market capitalization of $6.62 billion, a P/E ratio of 9.63, a P/E/G ratio of 3.63 and a beta of 1.24. AutoNation has a fifty-two week low of $133.13 and a fifty-two week high of $197.18. The business's 50 day moving average is $169.84 and its two-hundred day moving average is $169.72. The company has a current ratio of 0.80, a quick ratio of 0.20 and a debt-to-equity ratio of 1.58.

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.