Brokerages Set AutoNation, Inc. (NYSE:AN) PT at $199.00

AutoNation, Inc. (NYSE:AN) has been given an average rating of “Moderate Buy” by the seven analysts that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $199.00.

AN has been the subject of a number of analyst reports. Morgan Stanley upgraded shares of AutoNation from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $145.00 to $200.00 in a research note on Wednesday, September 25th. Wells Fargo & Company lowered their price objective on AutoNation from $187.00 to $181.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 15th. 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. Stephens started coverage on AutoNation in a report on Thursday, September 12th. They issued an “overweight” rating and a $210.00 price target for the company. Finally, Bank of America cut their price objective 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.

AutoNation Trading Up 0.3 %

NYSE AN opened at $164.82 on Wednesday. AutoNation has a 52 week low of $130.35 and a 52 week high of $197.18. The firm has a 50 day moving average of $166.97 and a two-hundred day moving average of $168.36. 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 stock has a market capitalization of $6.54 billion, a PE ratio of 9.51, a price-to-earnings-growth ratio of 3.42 and a beta of 1.21.

Insider Buying and Selling at AutoNation

In other AutoNation news, major shareholder Edward S. Lampert sold 500 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $182.06, for a total transaction of $91,030.00. Following the transaction, the insider now directly owns 3,825,338 shares of the company’s stock, valued at approximately $696,441,036.28. This trade represents a 0.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.74% of the stock is owned by company insiders.

Institutional Investors Weigh In On AutoNation

Hedge funds have recently made changes to their positions in the business. State Board of Administration of Florida Retirement System lifted its position in AutoNation by 54.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 51,743 shares of the company’s stock worth $8,568,000 after acquiring an additional 18,157 shares during the period. Diversified Trust Co acquired a new stake in shares of AutoNation during the second quarter worth $838,000. BOKF NA grew its position in AutoNation by 39.1% in the 1st quarter. BOKF NA now owns 53,461 shares of the company’s stock valued at $8,808,000 after buying an additional 15,015 shares during the last quarter. Caxton Associates LP purchased a new position in AutoNation during the 1st quarter worth $1,083,000. Finally, Raymond James & Associates lifted its stake in shares of AutoNation by 10.7% in the 2nd quarter. Raymond James & Associates now owns 58,084 shares of the company’s stock worth $9,257,000 after acquiring an additional 5,611 shares during the period. Institutional investors and hedge funds own 94.62% of the company’s stock.

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.