AutoNation (AN) Stock Rating Lowered by ValuEngine

AutoNation (NYSE:AN) was downgraded by equities research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued to investors on Monday.

Other equities research analysts have also issued reports about the company. SunTrust Banks started coverage on AutoNation in a research note on Friday, August 24th. They issued a “hold” rating and a $48.00 price objective for the company. Buckingham Research lowered their price objective on AutoNation from $51.00 to $47.00 and set a “neutral” rating for the company in a research note on Thursday, August 2nd. Finally, Morgan Stanley lowered AutoNation from an “overweight” rating to an “underweight” rating and set a $57.00 price objective for the company. in a research note on Tuesday, July 10th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company. AutoNation has an average rating of “Hold” and a consensus price target of $52.88.

Shares of AutoNation stock opened at $42.53 on Monday. The company has a market cap of $3.99 billion, a P/E ratio of 11.23, a PEG ratio of 1.40 and a beta of 1.29. AutoNation has a 12 month low of $42.43 and a 12 month high of $62.02. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.86 and a quick ratio of 0.20.

AutoNation (NYSE:AN) last posted its quarterly earnings data on Wednesday, August 1st. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.01. The business had revenue of $5.39 billion during the quarter, compared to analyst estimates of $5.42 billion. AutoNation had a return on equity of 16.64% and a net margin of 2.02%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the company earned $0.86 EPS. research analysts predict that AutoNation will post 4.7 earnings per share for the current year.

In other news, CAO Christopher Cade sold 1,443 shares of the stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $47.96, for a total value of $69,206.28. Following the sale, the chief accounting officer now directly owns 1,199 shares in the company, valued at $57,504.04. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Rick L. Burdick sold 4,808 shares of the stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $47.00, for a total value of $225,976.00. Following the completion of the sale, the director now owns 38,686 shares in the company, valued at $1,818,242. The disclosure for this sale can be found here. Over the last quarter, insiders sold 85,455 shares of company stock worth $4,056,689. Company insiders own 2.80% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Robeco Institutional Asset Management B.V. purchased a new stake in shares of AutoNation in the first quarter worth approximately $113,000. Jane Street Group LLC purchased a new position in AutoNation during the 2nd quarter worth $222,000. Leisure Capital Management purchased a new position in AutoNation during the 1st quarter worth $257,000. Candriam Luxembourg S.C.A. purchased a new position in AutoNation during the 1st quarter worth $259,000. Finally, Sigma Planning Corp purchased a new position in AutoNation during the 2nd quarter worth $270,000. Hedge funds and other institutional investors own 65.93% of the company’s stock.

AutoNation Company Profile

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.

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Analyst Recommendations for AutoNation (NYSE:AN)

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