AutoNation, Inc. (NYSE:AN) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report released on Monday.

AN has been the topic of several other research reports. Morgan Stanley dropped their price objective 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 $50.00 price objective (down previously from $52.00) on shares of AutoNation in a report on Saturday, April 29th. Wells Fargo & Company reiterated a “market perform” rating and set a $45.00 price objective (down previously from $48.50) on shares of AutoNation in a report on Monday, July 17th. ValuEngine lowered shares of AutoNation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Northcoast Research upgraded shares of AutoNation from a “neutral” rating to a “buy” rating and set a $51.00 target price on the stock in a report on Thursday, June 8th. Two investment analysts have rated the stock with a sell rating, nine 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 a consensus target price of $46.20.

AutoNation (AN) opened at 41.75 on Monday. The firm’s 50-day moving average price is $41.57 and its 200-day moving average price is $42.66. AutoNation has a 12-month low of $38.20 and a 12-month high of $53.74. The company has a market cap of $4.19 billion, a PE ratio of 10.40 and a beta of 1.24.

AutoNation (NYSE:AN) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.98 by $0.12. AutoNation had a net margin of 1.90% and a return on equity of 16.71%. The company had revenue of $5.28 billion for the quarter, compared to analyst estimates of $5.56 billion. During the same quarter in the prior year, the company posted $1.08 EPS. AutoNation’s revenue for the quarter was down 3.0% on a year-over-year basis. Equities research analysts forecast that AutoNation will post $3.59 earnings per share for the current fiscal year.

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In other AutoNation news, Director Robert R. Grusky sold 2,800 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $38.99, for a total value of $109,172.00. Following the completion of the sale, the director now directly owns 30,713 shares of the company’s stock, valued at approximately $1,197,499.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.10% of the company’s stock.

A number of large investors have recently modified their holdings of AN. UBS Asset Management Americas Inc. increased its stake in shares of AutoNation by 5.9% in the fourth quarter. UBS Asset Management Americas Inc. now owns 184,975 shares of the company’s stock worth $8,999,000 after buying an additional 10,288 shares during the last quarter. Teachers Advisors LLC increased its stake in shares of AutoNation by 8.7% in the fourth quarter. Teachers Advisors LLC now owns 79,331 shares of the company’s stock worth $3,859,000 after buying an additional 6,370 shares during the last quarter. Chevy Chase Trust Holdings Inc. increased its stake in shares of AutoNation by 3.0% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 56,546 shares of the company’s stock worth $2,392,000 after buying an additional 1,664 shares during the last quarter. Gulf International Bank UK Ltd increased its stake in shares of 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, Capstone Asset Management Co. increased its stake in shares of AutoNation by 13.2% in the first quarter. Capstone Asset Management Co. now owns 22,726 shares of the company’s stock worth $961,000 after buying an additional 2,650 shares during the last quarter. 68.77% of the stock is owned by institutional investors and hedge funds.

About AutoNation

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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