AutoNation (NYSE:AN) Given New $189.00 Price Target at Guggenheim

AutoNation (NYSE:AN) had its target price cut by Guggenheim from $190.00 to $189.00 in a research report report published on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

AN has been the topic of a number of other research reports. JPMorgan Chase & Co. cut their price target on shares of AutoNation from $190.00 to $180.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Stephens initiated coverage on shares of AutoNation in a research report on Thursday, September 12th. They set an “overweight” rating and a $210.00 price target on the stock. Morgan Stanley raised shares of AutoNation from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $145.00 to $200.00 in a research report on Wednesday, September 25th. Bank of America cut their price target on shares of AutoNation from $220.00 to $215.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Finally, Wells Fargo & Company dropped their price objective on shares of AutoNation from $187.00 to $181.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 15th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $199.29.

AutoNation Stock Performance

NYSE AN opened at $169.87 on Thursday. 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 $130.35 and a fifty-two week high of $197.18. The stock has a market cap of $6.73 billion, a PE ratio of 9.80, a PEG ratio of 3.42 and a beta of 1.21. The firm’s fifty day moving average price is $167.10 and its two-hundred day moving average price is $168.33.

Insider Buying and Selling

In related news, major shareholder Edward S. Lampert sold 39,194 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $183.43, for a total value of $7,189,355.42. Following the sale, the insider now owns 3,786,144 shares in the company, valued at $694,492,393.92. This represents a 1.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.74% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On AutoNation

A number of institutional investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its position in AutoNation by 2.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,845 shares of the company’s stock worth $509,000 after purchasing an additional 62 shares in the last quarter. Concurrent Investment Advisors LLC grew its position in AutoNation by 1.2% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 5,436 shares of the company’s stock worth $866,000 after purchasing an additional 65 shares in the last quarter. OLD National Bancorp IN grew its position in shares of AutoNation by 2.2% during the 3rd quarter. OLD National Bancorp IN now owns 3,100 shares of the company’s stock valued at $555,000 after acquiring an additional 68 shares during the period. Sei Investments Co. grew its position in shares of AutoNation by 0.5% during the 2nd quarter. Sei Investments Co. now owns 15,130 shares of the company’s stock valued at $2,413,000 after acquiring an additional 72 shares during the period. Finally, Davis Capital Management grew its position in shares of AutoNation by 0.9% during the 2nd quarter. Davis Capital Management now owns 9,532 shares of the company’s stock valued at $1,543,000 after acquiring an additional 84 shares during the period. 94.62% of the stock is owned by institutional investors.

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.