AutoNation, Inc. (AN) Cut to “Hold” at Evercore ISI

AutoNation, Inc. (AN) Cut to “Hold” at Evercore ISI

AutoNation, Inc. (NYSE:AN) was downgraded by analysts at Evercore ISI from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

Other research analysts have also issued reports about the company. Susquehanna Bancshares Inc assumed coverage on AutoNation in a report on Thursday. They issued a “neutral” rating and a $49.00 price objective on the stock. Bank of America Corporation lowered AutoNation from a “buy” rating to a “neutral” rating and set a $45.00 target price on the stock. in a report on Monday, October 31st. Finally, TheStreet raised AutoNation from a “hold” rating to a “buy” rating in a report on Wednesday, January 4th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. AutoNation has a consensus rating of “Hold” and a consensus target price of $51.00.

AutoNation (NYSE:AN) opened at 49.77 on Monday. The company has a market capitalization of $5.03 billion, a PE ratio of 12.83 and a beta of 1.05. The company has a 50 day moving average price of $50.80 and a 200-day moving average price of $48.29. AutoNation has a 12-month low of $39.28 and a 12-month high of $54.15.

AutoNation (NYSE:AN) last issued its quarterly earnings data on Friday, February 3rd. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.18. AutoNation had a return on equity of 19.67% and a net margin of 1.99%. The firm had revenue of $5.50 billion for the quarter, compared to analyst estimates of $5.58 billion. During the same period in the prior year, the firm posted $0.96 EPS. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, analysts anticipate that AutoNation will post $4.04 EPS for the current year.

In related news, major shareholder Edward S. Lampert sold 4,773 shares of the company’s stock in a transaction on Thursday, January 26th. The stock was sold at an average price of $53.32, for a total transaction of $254,496.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.90% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of AN. Tredje AP fonden increased its position in AutoNation by 45.3% in the second quarter. Tredje AP fonden now owns 12,730 shares of the company’s stock valued at $598,000 after buying an additional 3,970 shares in the last quarter. BlackRock Japan Co. Ltd increased its position in AutoNation by 0.5% in the second quarter. BlackRock Japan Co. Ltd now owns 83,816 shares of the company’s stock valued at $3,938,000 after buying an additional 383 shares in the last quarter. BlackRock Group LTD increased its position in AutoNation by 1.0% in the second quarter. BlackRock Group LTD now owns 573,707 shares of the company’s stock valued at $26,953,000 after buying an additional 5,684 shares in the last quarter. BlackRock Inc. increased its position in AutoNation by 15.1% in the second quarter. BlackRock Inc. now owns 143,062 shares of the company’s stock valued at $6,721,000 after buying an additional 18,817 shares in the last quarter. Finally, BlackRock Advisors LLC increased its position in AutoNation by 10.1% in the second quarter. BlackRock Advisors LLC now owns 97,418 shares of the company’s stock valued at $4,577,000 after buying an additional 8,958 shares in the last quarter. Hedge funds and other institutional investors own 66.76% of the company’s stock.

AutoNation Company Profile

AutoNation, Inc 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.

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