Deutsche Bank AG reiterated their hold rating on shares of AutoNation, Inc. (NYSE:AN) in a report published on Wednesday, August 9th. Deutsche Bank AG currently has a $43.00 price objective on the stock, down from their prior price objective of $46.00.
A number of other analysts also recently issued reports on the company. BidaskClub raised AutoNation from a strong sell rating to a sell rating in a research note on Thursday, June 29th. Northcoast Research raised AutoNation from a neutral rating to a buy rating and set a $51.00 price objective on the stock in a research note on Thursday, June 8th. Jefferies Group LLC reissued a hold rating and set a $49.00 target price on shares of AutoNation in a research report on Thursday, July 6th. Morgan Stanley cut their target price on AutoNation from $57.00 to $53.00 and set an overweight rating on the stock in a research report on Friday, June 9th. Finally, ValuEngine downgraded AutoNation from a buy rating to a hold rating in a research report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. AutoNation has an average rating of Hold and a consensus target price of $46.20.
AutoNation (NYSE AN) opened at 41.68 on Wednesday. The company has a market capitalization of $4.19 billion, a PE ratio of 10.38 and a beta of 1.24. AutoNation has a 12 month low of $38.20 and a 12 month high of $53.74. The firm’s 50-day moving average is $41.58 and its 200-day moving average is $42.57.
AutoNation (NYSE:AN) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.86 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.98 by $0.12. AutoNation had a return on equity of 16.71% and a net margin of 1.90%. The firm had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.56 billion. During the same period in the previous year, the firm earned $1.08 EPS. The business’s revenue was down 3.0% compared to the same quarter last year. Equities analysts anticipate that AutoNation will post $3.59 EPS for the current fiscal year.
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In other AutoNation news, Director Robert R. Grusky sold 2,800 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $38.99, for a total value of $109,172.00. Following the transaction, the director now owns 30,713 shares of the company’s stock, valued at approximately $1,197,499.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.10% of the company’s stock.
Several large investors have recently modified their holdings of the company. Nordea Investment Management AB boosted its stake in shares of AutoNation by 43.8% in the first quarter. Nordea Investment Management AB now owns 3,285 shares of the company’s stock valued at $139,000 after buying an additional 1,000 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of AutoNation by 178.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 4,454 shares of the company’s stock valued at $198,000 after buying an additional 2,854 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of AutoNation during the first quarter valued at $206,000. Achmea Investment Management B.V. purchased a new stake in shares of AutoNation during the first quarter valued at $209,000. Finally, Invictus RG boosted its stake in shares of AutoNation by 58.2% in the first quarter. Invictus RG now owns 4,981 shares of the company’s stock valued at $211,000 after buying an additional 1,833 shares in the last quarter. Institutional investors and hedge funds own 68.77% of the company’s stock.
AutoNation Company Profile
AutoNation, Inc (AutoNation) 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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