Brokerages Set AutoNation, Inc. (NYSE:AN) PT at $199.29

AutoNation, Inc. (NYSE:AN) has earned an average recommendation of “Moderate Buy” from the seven analysts that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $199.29.

Several equities analysts have recently commented on AN shares. Guggenheim decreased their price target on AutoNation from $190.00 to $189.00 and set a “buy” rating on the stock in a research note on Thursday, November 21st. Stephens started coverage on shares of AutoNation in a research report on Thursday, September 12th. They set an “overweight” rating and a $210.00 price objective for the company. JPMorgan Chase & Co. cut their target price on AutoNation from $190.00 to $180.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Wells Fargo & Company cut their target price on shares of AutoNation from $187.00 to $181.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 15th. Finally, Bank of America lowered their target price on shares of AutoNation from $220.00 to $215.00 and set a “buy” rating for the company in a research note on Monday, October 14th.

AutoNation Trading Down 0.5 %

Shares of AN opened at $176.10 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.20 and a debt-to-equity ratio of 1.58. The firm has a 50-day moving average price of $168.18 and a 200 day moving average price of $169.31. AutoNation has a 12-month low of $133.01 and a 12-month high of $197.18. The firm has a market capitalization of $6.98 billion, a P/E ratio of 10.16, a P/E/G ratio of 3.74 and a beta of 1.24.

Institutional Trading of AutoNation

Several institutional investors and hedge funds have recently added to or reduced their stakes in AN. Diversified Trust Co acquired a new stake in AutoNation in the second quarter valued at $838,000. Raymond James & Associates grew its holdings in AutoNation by 10.7% during the 2nd quarter. Raymond James & Associates now owns 58,084 shares of the company’s stock valued at $9,257,000 after buying an additional 5,611 shares during the last quarter. Versor Investments LP acquired a new stake in AutoNation during the 2nd quarter valued at $673,000. Point72 DIFC Ltd purchased a new stake in shares of AutoNation in the second quarter valued at $602,000. Finally, WINTON GROUP Ltd acquired a new stake in shares of AutoNation during the second quarter valued at $15,832,000. 94.62% of the stock is owned by hedge funds and other institutional investors.

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.