AutoNation, Inc. (NYSE:AN – Get Free Report) shares reached a new 52-week high on Tuesday after Wells Fargo & Company raised their price target on the stock from $144.00 to $174.00. Wells Fargo & Company currently has an equal weight rating on the stock. AutoNation traded as high as $180.91 and last traded at $180.19, with a volume of 325566 shares traded. The stock had previously closed at $177.07.
A number of other analysts also recently issued reports on the stock. Bank of America lifted their price target on shares of AutoNation from $225.00 to $245.00 in a report on Thursday, July 6th. Guggenheim lifted their price objective on shares of AutoNation from $181.00 to $184.00 and gave the stock a “buy” rating in a research note on Monday, April 17th. Benchmark lifted their price objective on shares of AutoNation from $185.00 to $200.00 in a research note on Monday, July 3rd. Finally, StockNews.com began coverage on shares of AutoNation in a research note on Thursday, May 18th. They issued a “buy” rating for the company. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $163.63.
Insider Buying and Selling
In related news, major shareholder Edward S. Lampert sold 80,000 shares of AutoNation stock in a transaction dated Thursday, July 13th. The shares were sold at an average price of $178.92, for a total transaction of $14,313,600.00. Following the completion of the transaction, the insider now directly owns 4,887,408 shares of the company’s stock, valued at approximately $874,455,039.36. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, major shareholder Edward S. Lampert sold 80,000 shares of AutoNation stock in a transaction dated Thursday, July 13th. The shares were sold at an average price of $178.92, for a total transaction of $14,313,600.00. Following the completion of the sale, the insider now owns 4,887,408 shares in the company, valued at approximately $874,455,039.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Edward S. Lampert sold 11,500 shares of AutoNation stock in a transaction dated Tuesday, July 11th. The shares were sold at an average price of $177.60, for a total transaction of $2,042,400.00. Following the sale, the insider now owns 4,992,388 shares of the company’s stock, valued at approximately $886,648,108.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 355,391 shares of company stock valued at $54,257,087. Company insiders own 0.69% of the company’s stock.
Institutional Investors Weigh In On AutoNation
AutoNation Stock Performance
The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.25 and a current ratio of 0.83. The firm has a market cap of $8.20 billion, a P/E ratio of 7.31 and a beta of 1.14. The firm’s fifty day moving average price is $150.55 and its 200 day moving average price is $136.84.
AutoNation (NYSE:AN – Get Free Report) last posted its quarterly earnings data on Thursday, April 20th. The company reported $6.07 EPS for the quarter, topping the consensus estimate of $5.60 by $0.47. The firm had revenue of $6.40 billion during the quarter, compared to analyst estimates of $6.63 billion. AutoNation had a net margin of 4.90% and a return on equity of 61.01%. AutoNation’s revenue was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.78 EPS. Sell-side analysts expect that AutoNation, Inc. will post 21.77 EPS for the current fiscal year.
About AutoNation
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.
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