AutoNation (NYSE:AN) Price Target Raised to $195.00

AutoNation (NYSE:AN) had its target price lifted by JPMorgan Chase & Co. from $180.00 to $195.00 in a report issued on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

AN has been the topic of a number of other research reports. Evercore ISI increased their price objective on shares of AutoNation from $220.00 to $240.00 and gave the stock an “outperform” rating in a report on Tuesday. Wells Fargo & Company boosted their price objective on shares of AutoNation from $170.00 to $194.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 12th. StockNews.com upgraded AutoNation from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Stephens boosted their target price on AutoNation from $195.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 12th. Finally, Guggenheim reiterated a “buy” rating on shares of AutoNation in a report on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $204.71.

AutoNation Stock Down 4.2 %

Shares of NYSE:AN opened at $181.19 on Wednesday. The company’s fifty day moving average is $181.12 and its 200-day moving average is $173.99. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.20 and a current ratio of 0.74. AutoNation has a 52 week low of $136.79 and a 52 week high of $198.50. The company has a market capitalization of $7.08 billion, a PE ratio of 10.70, a P/E/G ratio of 3.67 and a beta of 1.25.

AutoNation (NYSE:AN) last posted its earnings results on Tuesday, February 11th. The company reported $4.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.26 by $0.71. AutoNation had a net margin of 2.59% and a return on equity of 30.48%. Equities research analysts predict that AutoNation will post 18.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AutoNation

Several large investors have recently bought and sold shares of AN. Fortitude Family Office LLC raised its stake in AutoNation by 581.8% during the 4th quarter. Fortitude Family Office LLC now owns 150 shares of the company’s stock worth $25,000 after buying an additional 128 shares during the period. Global X Japan Co. Ltd. lifted its holdings in shares of AutoNation by 150.8% during the 4th quarter. Global X Japan Co. Ltd. now owns 158 shares of the company’s stock valued at $27,000 after purchasing an additional 95 shares in the last quarter. Venturi Wealth Management LLC grew its position in shares of AutoNation by 403.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 282 shares of the company’s stock valued at $50,000 after purchasing an additional 226 shares during the period. NewEdge Advisors LLC grew its position in shares of AutoNation by 25.5% in the 4th quarter. NewEdge Advisors LLC now owns 315 shares of the company’s stock valued at $54,000 after purchasing an additional 64 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in AutoNation by 77.1% during the 4th quarter. Farther Finance Advisors LLC now owns 494 shares of the company’s stock worth $84,000 after purchasing an additional 215 shares in the last quarter. Institutional investors own 94.62% of the company’s stock.

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.