AutoNation, Inc. (NYSE:AN - Get Free Report)'s share price gapped down prior to trading on Friday . The stock had previously closed at $173.36, but opened at $163.00. AutoNation shares last traded at $167.65, with a volume of 175,162 shares.
Wall Street Analyst Weigh In
Several analysts recently weighed in on the stock. Evercore ISI lifted their price objective on shares of AutoNation from $220.00 to $240.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. Stephens lifted their price objective on shares of AutoNation from $195.00 to $200.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 12th. Wells Fargo & Company cut their price objective on shares of AutoNation from $194.00 to $176.00 and set an "equal weight" rating on the stock in a research report on Monday, April 21st. JPMorgan Chase & Co. cut their price objective on shares of AutoNation from $195.00 to $175.00 and set a "neutral" rating on the stock in a research report on Thursday, March 27th. Finally, StockNews.com upgraded shares of AutoNation from a "hold" rating to a "buy" rating in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $200.75.
Check Out Our Latest Stock Analysis on AN
AutoNation Price Performance
The company's 50 day moving average price is $168.74 and its 200-day moving average price is $172.85. The company has a market cap of $6.74 billion, a price-to-earnings ratio of 10.14, a PEG ratio of 3.51 and a beta of 1.15. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.21 and a current ratio of 0.74.
AutoNation (NYSE:AN - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The company reported $4.68 EPS for the quarter, beating the consensus estimate of $4.35 by $0.33. AutoNation had a net margin of 2.59% and a return on equity of 30.48%. The business had revenue of $6.69 billion during the quarter, compared to the consensus estimate of $6.53 billion. During the same quarter in the prior year, the firm earned $4.49 EPS. The firm's quarterly revenue was up 3.2% on a year-over-year basis. On average, equities research analysts forecast that AutoNation, Inc. will post 18.15 earnings per share for the current fiscal year.
Institutional Trading of AutoNation
Hedge funds have recently modified their holdings of the business. Fortitude Family Office LLC raised its holdings in shares of AutoNation by 581.8% during the fourth quarter. Fortitude Family Office LLC now owns 150 shares of the company's stock worth $25,000 after acquiring an additional 128 shares in the last quarter. Global X Japan Co. Ltd. lifted its stake in shares of AutoNation by 150.8% in the fourth quarter. Global X Japan Co. Ltd. now owns 158 shares of the company's stock valued at $27,000 after buying an additional 95 shares during the period. Curat Global LLC bought a new position in AutoNation during the first quarter worth about $36,000. NewEdge Advisors LLC lifted its stake in AutoNation by 25.5% during the fourth quarter. NewEdge Advisors LLC now owns 315 shares of the company's stock worth $54,000 after purchasing an additional 64 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of AutoNation by 81.1% in the first quarter. GAMMA Investing LLC now owns 460 shares of the company's stock valued at $74,000 after acquiring an additional 206 shares during the last quarter. Hedge funds and other institutional investors own 94.62% of the company's stock.
About AutoNation
(
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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.
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