AutoNation, Inc. (NYSE:AN) Receives $204.71 Consensus Target Price from Analysts

Shares of AutoNation, Inc. (NYSE:AN) have earned an average recommendation of “Moderate Buy” from the seven analysts that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $204.71.

Several analysts have recently weighed in on AN shares. Stephens lifted 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 AutoNation from $220.00 to $240.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. Guggenheim restated a “buy” rating on shares of AutoNation in a research note on Wednesday, February 12th. JPMorgan Chase & Co. upped their price objective on AutoNation from $180.00 to $195.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Finally, Wells Fargo & Company raised their target price on AutoNation from $170.00 to $194.00 and gave the company an “equal weight” rating in a report on Wednesday, February 12th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in AN. Fortitude Family Office LLC increased its holdings in 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 acquiring an additional 128 shares in the last quarter. Global X Japan Co. Ltd. increased its stake in shares of AutoNation by 150.8% during the 4th quarter. Global X Japan Co. Ltd. now owns 158 shares of the company’s stock worth $27,000 after purchasing an additional 95 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of AutoNation by 25.5% during the 4th quarter. NewEdge Advisors LLC now owns 315 shares of the company’s stock worth $54,000 after purchasing an additional 64 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in AutoNation by 77.1% during the 4th quarter. Farther Finance Advisors LLC now owns 494 shares of the company’s stock valued at $84,000 after buying an additional 215 shares during the last quarter. Finally, McIlrath & Eck LLC grew its holdings in AutoNation by 16.4% during the 3rd quarter. McIlrath & Eck LLC now owns 964 shares of the company’s stock valued at $172,000 after buying an additional 136 shares during the last quarter. Institutional investors and hedge funds own 94.62% of the company’s stock.

AutoNation Stock Down 0.2 %

AutoNation stock opened at $165.86 on Tuesday. The stock has a market capitalization of $6.51 billion, a price-to-earnings ratio of 9.79, a PEG ratio of 3.51 and a beta of 1.32. 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 stock has a 50 day moving average of $181.01 and a two-hundred day moving average of $173.60. AutoNation has a twelve month low of $150.08 and a twelve month high of $198.50.

AutoNation (NYSE:AN) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $4.97 earnings per share for the quarter, topping the consensus estimate of $4.26 by $0.71. AutoNation had a return on equity of 30.48% and a net margin of 2.59%. As a group, research analysts expect that AutoNation will post 18.15 earnings per share for the current year.

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.