AutoNation (NYSE:AN) Price Target Cut to $183.00 by Analysts at Guggenheim

AutoNation (NYSE:AN - Free Report) had its price target cut by Guggenheim from $212.00 to $183.00 in a research note released on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other research firms have also recently commented on AN. Wells Fargo & Company lowered their price target on AutoNation from $194.00 to $176.00 and set an "equal weight" rating for the company in a report on Monday. Stephens boosted their target price on shares of AutoNation from $195.00 to $200.00 and gave the company an "equal weight" rating in a report on Wednesday, February 12th. Evercore ISI increased their target price on shares of AutoNation from $220.00 to $240.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. dropped their price target on AutoNation from $195.00 to $175.00 and set a "neutral" rating on the stock in a research note on Thursday, March 27th. Finally, StockNews.com lowered shares of AutoNation from a "buy" rating to a "hold" rating in a research note on Wednesday, April 9th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, AutoNation presently has an average rating of "Moderate Buy" and a consensus target price of $200.75.

AutoNation Trading Down 3.5 %

AN stock traded down $6.07 during mid-day trading on Tuesday, reaching $167.29. 147,374 shares of the stock traded hands, compared to its average volume of 456,982. The company has a current ratio of 0.74, a quick ratio of 0.21 and a debt-to-equity ratio of 1.39. The company has a market cap of $6.57 billion, a P/E ratio of 9.94, a P/E/G ratio of 3.51 and a beta of 1.15. The stock's fifty day moving average is $169.46 and its 200-day moving average is $172.60. AutoNation has a 52-week low of $148.33 and a 52-week high of $198.50.

AutoNation (NYSE:AN - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The company reported $4.68 earnings per share for the quarter, topping analysts' consensus estimates of $4.21 by $0.47. AutoNation had a net margin of 2.59% and a return on equity of 30.48%. During the same quarter in the prior year, the company earned $4.49 EPS. As a group, sell-side analysts expect that AutoNation will post 18.15 earnings per share for the current year.

Institutional Trading of AutoNation

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Fortitude Family Office LLC grew its position in shares of AutoNation by 581.8% during the fourth quarter. Fortitude Family Office LLC now owns 150 shares of the company's stock valued at $25,000 after purchasing an additional 128 shares in the last quarter. Global X Japan Co. Ltd. lifted its holdings in AutoNation by 150.8% during the fourth quarter. Global X Japan Co. Ltd. now owns 158 shares of the company's stock worth $27,000 after buying an additional 95 shares during the period. Curat Global LLC purchased a new position in AutoNation in the first quarter valued at about $36,000. NewEdge Advisors LLC grew its position in shares of AutoNation by 25.5% in 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, GAMMA Investing LLC boosted its stake in AutoNation by 81.1% in the 1st quarter. GAMMA Investing LLC now owns 460 shares of the company's stock worth $74,000 after purchasing an additional 206 shares in the last quarter. Hedge funds and other institutional investors own 94.62% of the company's stock.

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.