AutoNation (NYSE:AN) Price Target Cut to $180.00 by Analysts at JPMorgan Chase & Co.

AutoNation (NYSE:AN - Get Free Report) had its target price lowered by stock analysts at JPMorgan Chase & Co. from $190.00 to $180.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price target indicates a potential upside of 11.61% from the stock's current price.

A number of other research firms have also recently commented on AN. Wells Fargo & Company cut their target price on AutoNation from $187.00 to $181.00 and set an "equal weight" rating on the stock in a research note on Tuesday, October 15th. Morgan Stanley raised AutoNation from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $145.00 to $200.00 in a research note on Wednesday, September 25th. Stephens initiated coverage on AutoNation in a research note on Thursday, September 12th. They issued an "overweight" rating and a $210.00 target price on the stock. Finally, Bank of America lowered their price target on AutoNation from $220.00 to $215.00 and set a "buy" rating on the stock in a report on Monday, October 14th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, AutoNation has an average rating of "Moderate Buy" and a consensus price target of $199.00.

AutoNation Stock Up 1.2 %

Shares of NYSE AN traded up $1.93 during trading on Tuesday, reaching $161.27. The company had a trading volume of 295,798 shares, compared to its average volume of 428,879. AutoNation has a 12-month low of $129.32 and a 12-month high of $197.18. The stock has a market cap of $6.39 billion, a PE ratio of 9.24, a P/E/G ratio of 3.17 and a beta of 1.21. The business's 50-day moving average is $168.18 and its 200 day moving average is $168.02. The company has a quick ratio of 0.20, a current ratio of 0.80 and a debt-to-equity ratio of 1.58.

Insider Buying and Selling at AutoNation

In other AutoNation news, major shareholder Edward S. Lampert sold 39,194 shares of the company's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $183.43, for a total value of $7,189,355.42. Following the completion of the sale, the insider now owns 3,786,144 shares in the company, valued at $694,492,393.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other AutoNation news, major shareholder Edward S. Lampert sold 39,194 shares of the company's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $183.43, for a total value of $7,189,355.42. Following the completion of the sale, the insider now owns 3,786,144 shares in the company, valued at $694,492,393.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Edward S. Lampert sold 500 shares of the company's stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $182.06, for a total value of $91,030.00. Following the completion of the sale, the insider now owns 3,825,338 shares of the company's stock, valued at approximately $696,441,036.28. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.74% of the stock is owned by corporate insiders.

Institutional Trading of AutoNation

Institutional investors have recently made changes to their positions in the business. Victory Capital Management Inc. grew its holdings in AutoNation by 3.4% during the 3rd quarter. Victory Capital Management Inc. now owns 11,323 shares of the company's stock valued at $2,026,000 after buying an additional 368 shares in the last quarter. GSA Capital Partners LLP grew its position in AutoNation by 202.2% in the 3rd quarter. GSA Capital Partners LLP now owns 6,329 shares of the company's stock valued at $1,132,000 after acquiring an additional 4,235 shares during the last quarter. Versor Investments LP grew its position in AutoNation by 31.8% in the 3rd quarter. Versor Investments LP now owns 5,568 shares of the company's stock valued at $996,000 after acquiring an additional 1,345 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of AutoNation by 403.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 282 shares of the company's stock worth $50,000 after buying an additional 226 shares during the period. Finally, Meixler Investment Management Ltd. lifted its holdings in shares of AutoNation by 19.7% in the 3rd quarter. Meixler Investment Management Ltd. now owns 4,961 shares of the company's stock worth $888,000 after buying an additional 817 shares during the period. 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.