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

AutoNation (NYSE:AN) had its price objective increased by JPMorgan Chase & Co. from $180.00 to $195.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 3.09% from the company’s previous close.

Several other equities analysts have also recently weighed in on the company. Wells Fargo & Company lifted their price objective on AutoNation from $170.00 to $194.00 and gave the company an “equal weight” rating in a report on Wednesday, February 12th. Stephens lifted their price objective on AutoNation from $195.00 to $200.00 and gave the company an “equal weight” rating in a report on Wednesday, February 12th. Guggenheim restated a “buy” rating on shares of AutoNation in a research note on Wednesday, February 12th. StockNews.com upgraded AutoNation from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Finally, Evercore ISI boosted their target price on AutoNation from $220.00 to $240.00 and gave the company an “outperform” rating in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $204.71.

AutoNation Trading Down 0.4 %

NYSE:AN opened at $189.16 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 debt-to-equity ratio of 1.58, a current ratio of 0.80 and a quick ratio of 0.20. The stock has a market capitalization of $7.39 billion, a PE ratio of 11.17, a price-to-earnings-growth ratio of 3.74 and a beta of 1.25. The business’s 50-day simple moving average is $180.95 and its 200-day simple moving average is $173.89.

AutoNation (NYSE:AN) last released its quarterly earnings data on Tuesday, February 11th. The company reported $4.97 earnings per share for the quarter, beating the consensus estimate 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 expect that AutoNation will post 18.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AutoNation

Several institutional investors have recently bought and sold shares of the company. Fortitude Family Office LLC increased its position in shares of AutoNation by 581.8% during the 4th quarter. Fortitude Family Office LLC now owns 150 shares of the company’s stock worth $25,000 after purchasing an additional 128 shares during the last quarter. Global X Japan Co. Ltd. increased its position in shares of AutoNation by 150.8% during the 4th quarter. Global X Japan Co. Ltd. now owns 158 shares of the company’s stock worth $27,000 after purchasing an additional 95 shares during the last quarter. Venturi Wealth Management LLC increased its position in shares of AutoNation by 403.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 282 shares of the company’s stock worth $50,000 after purchasing an additional 226 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of AutoNation by 25.5% during the 4th quarter. NewEdge Advisors LLC now owns 315 shares of the company’s stock worth $54,000 after purchasing an additional 64 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of AutoNation by 77.1% during the 4th quarter. Farther Finance Advisors LLC now owns 494 shares of the company’s stock worth $84,000 after purchasing an additional 215 shares during the last quarter. Institutional investors own 94.62% 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.