AutoNation’s (AN) “Hold” Rating Reiterated at Jefferies Group

AutoNation (NYSE:AN)‘s stock had its “hold” rating reiterated by Jefferies Group in a research note issued on Friday. They presently have a $60.00 price objective on the stock. Jefferies Group’s price objective would suggest a potential upside of 4.84% from the stock’s current price.

A number of other research firms also recently commented on AN. Bank of America restated a “hold” rating and issued a $65.00 price objective on shares of AutoNation in a report on Thursday. Moffett Nathanson assumed coverage on AutoNation in a report on Monday, December 4th. They issued a “neutral” rating on the stock. Wells Fargo & Co restated a “market perform” rating and issued a $50.00 price objective (up from $40.00) on shares of AutoNation in a report on Monday, November 6th. Finally, ValuEngine upgraded AutoNation from a “hold” rating to a “buy” rating in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $50.00.

AutoNation (AN) opened at $57.23 on Friday. The company has a market capitalization of $5,295.79, a PE ratio of 12.80, a PEG ratio of 2.18 and a beta of 1.25. The company has a quick ratio of 0.17, a current ratio of 0.73 and a debt-to-equity ratio of 0.59. AutoNation has a twelve month low of $38.20 and a twelve month high of $62.02.

AutoNation (NYSE:AN) last released its quarterly earnings data on Thursday, February 1st. The company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.10. The company had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.57 billion. AutoNation had a return on equity of 16.22% and a net margin of 2.02%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the business posted $0.86 EPS. equities research analysts anticipate that AutoNation will post 4.36 earnings per share for the current year.

In related news, COO Lance E. Iserman sold 5,886 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $52.46, for a total transaction of $308,779.56. Following the sale, the chief operating officer now directly owns 4,860 shares in the company, valued at approximately $254,955.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Donna L. Parlapiano sold 3,367 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $51.81, for a total value of $174,444.27. Following the sale, the executive vice president now owns 11,469 shares in the company, valued at $594,208.89. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,253 shares of company stock worth $1,578,124. Company insiders own 3.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of AN. Teachers Advisors LLC grew its stake in AutoNation by 5.7% during the 2nd quarter. Teachers Advisors LLC now owns 88,464 shares of the company’s stock valued at $3,730,000 after purchasing an additional 4,779 shares in the last quarter. Ameriprise Financial Inc. grew its stake in AutoNation by 173.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 159,000 shares of the company’s stock valued at $6,703,000 after purchasing an additional 100,791 shares in the last quarter. Nationwide Fund Advisors grew its stake in AutoNation by 11.6% during the 2nd quarter. Nationwide Fund Advisors now owns 30,442 shares of the company’s stock valued at $1,283,000 after purchasing an additional 3,174 shares in the last quarter. BlackRock Inc. grew its stake in AutoNation by 0.4% during the 2nd quarter. BlackRock Inc. now owns 4,192,696 shares of the company’s stock valued at $176,762,000 after purchasing an additional 17,314 shares in the last quarter. Finally, Mutual of America Capital Management LLC grew its stake in AutoNation by 46.9% during the 2nd quarter. Mutual of America Capital Management LLC now owns 8,163 shares of the company’s stock valued at $344,000 after purchasing an additional 2,608 shares in the last quarter. Hedge funds and other institutional investors own 77.68% of the company’s stock.

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About AutoNation

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.

Analyst Recommendations for AutoNation (NYSE:AN)

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