AutoNation (NYSE:AN) Price Target Raised to $170.00

AutoNation (NYSE:AN) had its price target boosted by research analysts at Wells Fargo & Company from $169.00 to $170.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price would indicate a potential downside of 4.93% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Bank of America lowered their price target on shares of AutoNation from $220.00 to $215.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Guggenheim lowered their target price on AutoNation from $190.00 to $189.00 and set a “buy” rating on the stock in a research note on Thursday, November 21st. JPMorgan Chase & Co. dropped their price target on AutoNation from $190.00 to $180.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Finally, Morgan Stanley raised AutoNation from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $145.00 to $200.00 in a report on Wednesday, September 25th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $197.71.

AutoNation Price Performance

AN opened at $178.82 on Wednesday. The firm has a market cap of $7.09 billion, a P/E ratio of 10.31, a PEG ratio of 3.63 and a beta of 1.26. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.20 and a current ratio of 0.80. AutoNation has a fifty-two week low of $133.13 and a fifty-two week high of $197.18. The firm has a 50-day moving average of $172.31 and a 200 day moving average of $170.52.

Institutional Investors Weigh In On AutoNation

Several large investors have recently added to or reduced their stakes in the business. Retirement Systems of Alabama raised its holdings in shares of AutoNation by 142.2% in the 3rd quarter. Retirement Systems of Alabama now owns 73,429 shares of the company’s stock valued at $13,138,000 after acquiring an additional 43,113 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in AutoNation in the second quarter valued at approximately $602,000. Kestra Investment Management LLC bought a new stake in AutoNation during the third quarter valued at approximately $585,000. Blue Trust Inc. grew its stake in AutoNation by 33.8% in the 3rd quarter. Blue Trust Inc. now owns 1,899 shares of the company’s stock worth $340,000 after buying an additional 480 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of AutoNation by 6.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 320,888 shares of the company’s stock valued at $57,413,000 after buying an additional 19,015 shares in the last quarter. Institutional investors own 94.62% of the company’s stock.

About AutoNation

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.