Latest Stocks: AutoNation, Inc. (AN) Receives Consensus Rating of “Hold” from Analysts

Latest Stocks: AutoNation, Inc. (AN) Receives Consensus Rating of “Hold” from Analysts

AutoNation, Inc. (NYSE:AN) has received an average rating of “Hold” from the eleven analysts that are covering the firm, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $48.40.

Several research firms have issued reports on AN. ValuEngine cut AutoNation from a “buy” rating to a “hold” rating in a report on Friday. Deutsche Bank AG reissued a “hold” rating and set a $50.00 target price (down from $52.00) on shares of AutoNation in a research note on Saturday, April 29th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $49.00 price target on shares of AutoNation in a research note on Monday, February 6th. TheStreet downgraded shares of AutoNation from a “b-” rating to a “c+” rating in a research note on Wednesday, March 1st. Finally, Evercore ISI downgraded shares of AutoNation from a “buy” rating to a “hold” rating in a research note on Monday, February 6th.

In other news, EVP Jonathan P. Ferrando sold 110,430 shares of the company’s stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of $44.86, for a total transaction of $4,953,889.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jonathan P. Ferrando sold 17,000 shares of the company’s stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $45.31, for a total transaction of $770,270.00. The disclosure for this sale can be found here. Insiders have sold 374,929 shares of company stock valued at $16,913,590 in the last ninety days. 2.90% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of AN. Vanguard Group Inc. raised its position in AutoNation by 3.6% in the first quarter. Vanguard Group Inc. now owns 6,638,114 shares of the company’s stock valued at $280,727,000 after buying an additional 229,169 shares during the period. Harris Associates L P raised its stake in AutoNation by 324.0% in the first quarter. Harris Associates L P now owns 5,038,530 shares of the company’s stock valued at $213,079,000 after buying an additional 3,850,104 shares during the last quarter. BlackRock Inc. raised its stake in AutoNation by 2,957.8% in the first quarter. BlackRock Inc. now owns 4,175,382 shares of the company’s stock valued at $176,578,000 after buying an additional 4,038,834 shares during the last quarter. Burgundy Asset Management Ltd. raised its stake in AutoNation by 3.6% in the fourth quarter. Burgundy Asset Management Ltd. now owns 3,363,682 shares of the company’s stock valued at $163,643,000 after buying an additional 117,726 shares during the last quarter. Finally, State Street Corp raised its stake in AutoNation by 2.5% in the first quarter. State Street Corp now owns 3,279,144 shares of the company’s stock valued at $138,665,000 after buying an additional 79,834 shares during the last quarter. 66.90% of the stock is owned by hedge funds and other institutional investors. AutoNation (AN) opened at 39.82 on Tuesday. The company has a 50-day moving average price of $40.74 and a 200 day moving average price of $45.33. AutoNation has a 1-year low of $38.20 and a 1-year high of $54.15. The stock has a market capitalization of $4.03 billion, a P/E ratio of 9.42 and a beta of 1.05.

AutoNation (NYSE:AN) last posted its quarterly earnings results on Tuesday, April 25th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.06. The company had revenue of $5.14 billion for the quarter, compared to analysts’ expectations of $5.33 billion. AutoNation had a return on equity of 19.32% and a net margin of 1.99%. The firm’s revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.93 earnings per share. On average, equities analysts predict that AutoNation will post $3.92 EPS for the current year. About AutoNation

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