Other equities research analysts also recently issued research reports about the company. Jefferies Group boosted their price target on AutoNation from $50.00 to $57.00 and gave the company a hold rating in a research report on Monday, August 1st. Seaport Global Securities initiated coverage on AutoNation in a research report on Tuesday, August 9th. They set a neutral rating for the company. CL King initiated coverage on AutoNation in a research report on Wednesday, September 7th. They set a buy rating for the company. Finally, Wolfe Research initiated coverage on AutoNation in a research report on Wednesday, August 31st. They set a peer perform rating for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $59.43.
Shares of AutoNation (NYSE:AN) traded up 3.07% during midday trading on Thursday, hitting $48.71. The stock had a trading volume of 956,184 shares. The stock has a 50 day moving average of $48.23 and a 200-day moving average of $48.53. The company has a market cap of $4.97 billion, a P/E ratio of 12.53 and a beta of 1.24. AutoNation has a one year low of $40.45 and a one year high of $65.51.
AutoNation (NYSE:AN) last released its earnings results on Friday, July 29th. The company reported $1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.03. The firm earned $5.44 billion during the quarter, compared to analyst estimates of $5.51 billion. AutoNation had a return on equity of 19.91% and a net margin of 1.99%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.00 earnings per share. Analysts forecast that AutoNation will post $4.26 EPS for the current fiscal year.
Several large investors have recently modified their holdings of AN. Burgundy Asset Management Ltd. increased its position in shares of AutoNation by 188.0% in the second quarter. Burgundy Asset Management Ltd. now owns 3,195,184 shares of the company’s stock worth $150,110,000 after buying an additional 2,085,806 shares in the last quarter. Orbis Allan Gray Ltd acquired a new position in shares of AutoNation during the first quarter worth approximately $40,182,000. Norges Bank acquired a new position in shares of AutoNation during the fourth quarter worth approximately $39,603,000. Marshall Wace LLP acquired a new position in shares of AutoNation during the second quarter worth approximately $10,674,000. Finally, Guggenheim Capital LLC increased its position in shares of AutoNation by 30.5% in the second quarter. Guggenheim Capital LLC now owns 811,914 shares of the company’s stock worth $38,144,000 after buying an additional 189,611 shares in the last quarter. 69.12% of the stock is owned by institutional investors.
AutoNation, Inc is an automotive retailer in the United States. The Company offers a range of automotive products and services, including new vehicles, used vehicles, parts and service, which includes automotive repair and maintenance services, as well as wholesale parts and collision businesses, and automotive finance and insurance products, including vehicle service and other protection products, as well as the arranging of financing for vehicle purchases through third-party finance sources.
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