AutoNation, Inc. (NYSE:AN)‘s stock had its “hold” rating reissued by analysts at Jefferies Group LLC in a report issued on Thursday, July 6th. They currently have a $49.00 target price on the stock. Jefferies Group LLC’s price target would suggest a potential upside of 16.64% from the company’s previous close.

AN has been the topic of a number of other reports. Morgan Stanley reduced their target price on shares of AutoNation from $57.00 to $53.00 and set an “overweight” rating on the stock in a report on Friday, June 9th. Deutsche Bank AG reiterated a “hold” rating and set a $46.00 price objective (down from $50.00) on shares of AutoNation in a report on Thursday, June 22nd. ValuEngine lowered shares of AutoNation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Northcoast Research upgraded shares of AutoNation from a “neutral” rating to a “buy” rating and set a $51.00 price objective on the stock in a report on Thursday, June 8th. Finally, BidaskClub upgraded shares of AutoNation from a “strong sell” rating to a “sell” rating in a report on Thursday, June 29th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. AutoNation presently has an average rating of “Hold” and an average target price of $48.13.

AutoNation (NYSE AN) traded down 2.07% during midday trading on Thursday, reaching $42.01. 905,990 shares of the company traded hands. The firm has a market capitalization of $4.25 billion, a PE ratio of 9.94 and a beta of 1.25. The company’s 50-day moving average price is $40.18 and its 200 day moving average price is $44.67. AutoNation has a 12 month low of $38.20 and a 12 month high of $54.15.

AutoNation (NYSE:AN) last released its earnings results on Tuesday, April 25th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.06. The company had revenue of $5.14 billion for the quarter, compared to analyst estimates of $5.33 billion. AutoNation had a net margin of 2.00% and a return on equity of 18.40%. The firm’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.93 EPS. On average, equities analysts anticipate that AutoNation will post $3.91 earnings per share for the current year.

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Several hedge funds have recently added to or reduced their stakes in AN. Mason Street Advisors LLC increased its stake in AutoNation by 0.9% in the first quarter. Mason Street Advisors LLC now owns 9,065 shares of the company’s stock worth $383,000 after buying an additional 81 shares during the last quarter. Meeder Asset Management Inc. increased its stake in AutoNation by 0.6% in the second quarter. Meeder Asset Management Inc. now owns 15,819 shares of the company’s stock worth $667,000 after buying an additional 89 shares during the last quarter. Chevy Chase Trust Holdings Inc. increased its stake in AutoNation by 0.3% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 56,704 shares of the company’s stock worth $2,391,000 after buying an additional 158 shares during the last quarter. Gulf International Bank UK Ltd increased its stake in AutoNation by 1.4% in the first quarter. Gulf International Bank UK Ltd now owns 22,750 shares of the company’s stock worth $962,000 after buying an additional 325 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in AutoNation by 3.0% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 11,265 shares of the company’s stock worth $476,000 after buying an additional 327 shares during the last quarter. 66.12% of the stock is owned by institutional investors and hedge funds.

AutoNation Company Profile

AutoNation, Inc (AutoNation) is an automotive retailer in the United States. The Company offers a range of automotive products and services, including new vehicles, used vehicles, parts and service, which includes automotive repair and maintenance services, as well as wholesale parts and collision businesses, and automotive finance and insurance products, including vehicle service and other protection products, as well as the arranging of financing for vehicle purchases through third-party finance sources.

Analyst Recommendations for AutoNation (NYSE:AN)

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