Moffett Nathanson assumed coverage on shares of AutoNation (NYSE:AN) in a research note released on Monday morning, MarketBeat.com reports. The firm issued a neutral rating on the stock.
A number of other research firms also recently issued reports on AN. Susquehanna Bancshares downgraded AutoNation to a neutral rating and lifted their target price for the company from $36.00 to $38.00 in a research report on Monday, October 2nd. UBS downgraded AutoNation from a positive rating to a neutral rating in a research report on Thursday, September 28th. Jefferies Group reaffirmed a hold rating and issued a $44.00 target price on shares of AutoNation in a research report on Sunday, September 10th. ValuEngine raised AutoNation from a hold rating to a buy rating in a research report on Thursday, November 2nd. Finally, KeyCorp reaffirmed a hold rating on shares of AutoNation in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $46.88.
Shares of AutoNation (NYSE:AN) traded up $0.10 during trading on Monday, hitting $55.38. The stock had a trading volume of 704,500 shares, compared to its average volume of 1,303,156. The company has a market capitalization of $5,043.96, a price-to-earnings ratio of 14.32, a price-to-earnings-growth ratio of 2.29 and a beta of 1.28. AutoNation has a 12 month low of $38.20 and a 12 month high of $57.83. The company has a current ratio of 0.73, a quick ratio of 0.17 and a debt-to-equity ratio of 0.59.
AutoNation (NYSE:AN) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.16. The company had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.58 billion. AutoNation had a return on equity of 16.40% and a net margin of 1.87%. The company’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.05 earnings per share. analysts expect that AutoNation will post 3.76 earnings per share for the current fiscal year.
AutoNation declared that its Board of Directors has authorized a share repurchase program on Tuesday, August 29th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
In other news, EVP Donna L. Parlapiano sold 3,367 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $51.81, for a total value of $174,444.27. Following the transaction, the executive vice president now owns 11,469 shares of the company’s stock, valued at $594,208.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Edward S. Lampert sold 3,480 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $55.61, for a total value of $193,522.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,733 shares of company stock worth $676,747. Company insiders own 3.10% of the company’s stock.
Several institutional investors have recently bought and sold shares of AN. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of AutoNation by 0.5% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,890 shares of the company’s stock valued at $206,000 after purchasing an additional 24 shares during the last quarter. Sheaff Brock Investment Advisors LLC acquired a new position in shares of AutoNation in the third quarter valued at approximately $212,000. DekaBank Deutsche Girozentrale grew its position in shares of AutoNation by 8.4% in the second quarter. DekaBank Deutsche Girozentrale now owns 4,826 shares of the company’s stock valued at $215,000 after purchasing an additional 372 shares during the last quarter. Nomura Holdings Inc. acquired a new position in shares of AutoNation in the second quarter valued at approximately $219,000. Finally, Greatmark Investment Partners Inc. acquired a new position in shares of AutoNation in the second quarter valued at approximately $231,000. 77.81% of the stock is currently owned by institutional investors.
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.
Receive News & Ratings for AutoNation Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AutoNation Inc. and related companies with MarketBeat.com's FREE daily email newsletter.