JPMorgan Chase & Co. Cuts AutoNation (NYSE:AN) Price Target to $180.00

AutoNation (NYSE:AN) had its target price reduced by JPMorgan Chase & Co. from $190.00 to $180.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 6.52% from the company’s current price.

AN has been the subject of several other research reports. Bank of America lowered their price target on AutoNation from $220.00 to $215.00 and set a “buy” rating for the company in a report on Monday, October 14th. Morgan Stanley raised shares of AutoNation from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $145.00 to $200.00 in a research report on Wednesday, September 25th. Wells Fargo & Company decreased their price target on shares of AutoNation from $187.00 to $181.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 15th. Finally, Stephens assumed coverage on AutoNation in a report on Thursday, September 12th. They set an “overweight” rating and a $210.00 price objective for the company. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $199.00.

AutoNation Trading Up 4.9 %

Shares of AutoNation stock opened at $168.99 on Tuesday. AutoNation has a fifty-two week low of $129.32 and a fifty-two week high of $197.18. The business’s fifty day moving average is $167.64 and its two-hundred day moving average is $168.07. The company has a quick ratio of 0.20, a current ratio of 0.80 and a debt-to-equity ratio of 1.58. The firm has a market cap of $6.70 billion, a PE ratio of 9.75, a P/E/G ratio of 3.24 and a beta of 1.21.

Insiders Place Their Bets

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

Institutional Trading of AutoNation

Hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC grew its stake in AutoNation by 90.6% in the second quarter. GAMMA Investing LLC now owns 202 shares of the company’s stock worth $32,000 after purchasing an additional 96 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in AutoNation during the 2nd quarter worth approximately $37,000. Venturi Wealth Management LLC lifted its holdings in AutoNation by 403.6% during 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 last quarter. Headlands Technologies LLC acquired a new position in shares of AutoNation in the 1st quarter worth approximately $57,000. Finally, Quarry LP increased its holdings in shares of AutoNation by 498.5% in the 2nd quarter. Quarry LP now owns 407 shares of the company’s stock valued at $65,000 after acquiring an additional 339 shares during the last quarter. Institutional investors and hedge funds 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.