AutoNation (NYSE:AN) Price Target Raised to $195.00 at JPMorgan Chase & Co.

AutoNation (NYSE:AN) had its price objective boosted by JPMorgan Chase & Co. from $180.00 to $195.00 in a report published on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Other research analysts have also recently issued research reports about the company. Evercore ISI increased their price target on AutoNation from $220.00 to $240.00 and gave the stock an “outperform” rating in a research note on Tuesday. Guggenheim reiterated a “buy” rating on shares of AutoNation in a research report on Wednesday, February 12th. Stephens boosted their price target on shares of AutoNation from $195.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 12th. Wells Fargo & Company increased their price objective on shares of AutoNation from $170.00 to $194.00 and gave the company an “equal weight” rating in a report on Wednesday, February 12th. Finally, StockNews.com raised AutoNation from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $204.71.

AutoNation Trading Down 1.9 %

Shares of NYSE:AN opened at $189.67 on Wednesday. AutoNation has a fifty-two week low of $136.35 and a fifty-two week high of $198.50. The company has a quick ratio of 0.20, a current ratio of 0.80 and a debt-to-equity ratio of 1.58. The company has a market cap of $7.52 billion, a PE ratio of 11.20, a P/E/G ratio of 3.72 and a beta of 1.25. The company’s 50-day moving average price is $180.66 and its 200 day moving average price is $173.78.

AutoNation (NYSE:AN) last released its quarterly earnings results on Tuesday, February 11th. The company reported $4.97 earnings per share for the quarter, beating analysts’ consensus estimates of $4.26 by $0.71. AutoNation had a return on equity of 30.98% and a net margin of 2.59%. Sell-side analysts anticipate that AutoNation will post 18.15 earnings per share for the current year.

Institutional Trading of AutoNation

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vontobel Holding Ltd. bought a new position in shares of AutoNation in the third quarter valued at $313,000. Blue Trust Inc. raised its position in shares of AutoNation by 33.8% during the third quarter. Blue Trust Inc. now owns 1,899 shares of the company’s stock worth $340,000 after purchasing an additional 480 shares during the period. OLD National Bancorp IN lifted its holdings in shares of AutoNation by 2.2% during the third quarter. OLD National Bancorp IN now owns 3,100 shares of the company’s stock valued at $555,000 after purchasing an additional 68 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of AutoNation in the 3rd quarter valued at $131,250,000. Finally, Mount Yale Investment Advisors LLC increased its stake in AutoNation by 12.2% in the 3rd quarter. Mount Yale Investment Advisors LLC now owns 2,304 shares of the company’s stock worth $412,000 after purchasing an additional 251 shares in the last quarter. 94.62% of the stock is owned by institutional investors and hedge funds.

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.