Guggenheim Cuts AutoNation (NYSE:AN) Price Target to $189.00

AutoNation (NYSE:AN) had its target price lowered by Guggenheim from $190.00 to $189.00 in a research report report published on Thursday morning,Benzinga reports. Guggenheim currently has a buy rating on the stock.

Other equities analysts have also issued reports about the company. JPMorgan Chase & Co. cut their price target on AutoNation from $190.00 to $180.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Wells Fargo & Company cut their target price on AutoNation from $187.00 to $181.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 15th. Stephens began coverage on AutoNation in a research report on Thursday, September 12th. They set an “overweight” rating and a $210.00 price target on the stock. Morgan Stanley upgraded shares of AutoNation from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $145.00 to $200.00 in a research report on Wednesday, September 25th. Finally, Bank of America decreased their target price on shares of AutoNation from $220.00 to $215.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $199.29.

AutoNation Stock Performance

NYSE AN opened at $172.46 on Thursday. The firm has a market cap of $6.84 billion, a P/E ratio of 9.95, a price-to-earnings-growth ratio of 3.55 and a beta of 1.21. 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 company’s 50 day moving average is $167.39 and its 200-day moving average is $168.38. AutoNation has a 12-month low of $130.35 and a 12-month high of $197.18.

Insider Transactions at AutoNation

In other news, major shareholder Edward S. Lampert sold 39,194 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were 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 directly owns 3,786,144 shares in the company, valued at approximately $694,492,393.92. The trade was a 1.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.74% of the company’s stock.

Hedge Funds Weigh In On AutoNation

Several institutional investors and hedge funds have recently bought and sold shares of AN. GAMMA Investing LLC grew its holdings in shares of 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 during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of AutoNation in the second quarter valued at about $37,000. Venturi Wealth Management LLC raised its stake in shares of AutoNation by 403.6% during the third quarter. Venturi Wealth Management LLC now owns 282 shares of the company’s stock valued at $50,000 after acquiring an additional 226 shares during the last quarter. Quarry LP boosted its holdings in shares of AutoNation by 498.5% during the second quarter. Quarry LP now owns 407 shares of the company’s stock worth $65,000 after purchasing an additional 339 shares during the period. Finally, Mather Group LLC. bought a new stake in shares of AutoNation in the second quarter worth about $103,000. 94.62% of the stock is currently owned by institutional investors.

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.