JPMorgan Chase & Co. Lowers AutoNation (NYSE:AN) Price Target to $175.00

AutoNation (NYSE:AN - Free Report) had its target price reduced by JPMorgan Chase & Co. from $195.00 to $175.00 in a research report released on Thursday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other brokerages have also issued reports on AN. Stephens raised their target price on AutoNation from $195.00 to $200.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 12th. StockNews.com raised shares of AutoNation from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. Guggenheim reissued a "buy" rating on shares of AutoNation in a research report on Wednesday, February 12th. Wells Fargo & Company lifted their price target on shares of AutoNation from $170.00 to $194.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 12th. Finally, Evercore ISI increased their price objective on AutoNation from $220.00 to $240.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $201.86.

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AutoNation Stock Up 0.5 %

AutoNation stock traded up $0.86 during midday trading on Thursday, hitting $159.94. 230,596 shares of the stock were exchanged, compared to its average volume of 484,034. AutoNation has a 52-week low of $150.08 and a 52-week high of $198.50. The company has a quick ratio of 0.21, a current ratio of 0.74 and a debt-to-equity ratio of 1.39. The business's 50-day moving average price is $179.76 and its 200-day moving average price is $173.82. The stock has a market capitalization of $6.28 billion, a price-to-earnings ratio of 9.44, a price-to-earnings-growth ratio of 3.51 and a beta of 1.32.

AutoNation (NYSE:AN - Get Free Report) last announced 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 30.48% and a net margin of 2.59%. On average, research analysts expect that AutoNation will post 18.15 EPS for the current fiscal year.

Institutional Investors Weigh In On AutoNation

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Fortitude Family Office LLC raised its stake 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 purchasing an additional 128 shares during the period. Global X Japan Co. Ltd. increased its position in shares of AutoNation by 150.8% during 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. NewEdge Advisors LLC lifted its holdings in shares of AutoNation by 25.5% in the fourth quarter. NewEdge Advisors LLC now owns 315 shares of the company's stock worth $54,000 after buying an additional 64 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of AutoNation by 77.1% in the fourth quarter. Farther Finance Advisors LLC now owns 494 shares of the company's stock worth $84,000 after buying an additional 215 shares in the last quarter. Finally, McIlrath & Eck LLC boosted its position in shares of AutoNation by 16.4% in the third quarter. McIlrath & Eck LLC now owns 964 shares of the company's stock valued at $172,000 after acquiring an additional 136 shares during the period. Institutional investors own 94.62% of the company's stock.

AutoNation Company Profile

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.