AutoNation (NYSE:AN) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

AutoNation (NYSE:AN - Get Free Report) had its price objective boosted by analysts at JPMorgan Chase & Co. from $185.00 to $205.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price objective would indicate a potential upside of 8.19% from the stock's current price.

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A number of other research firms have also recently commented on AN. Guggenheim cut their price target on shares of AutoNation from $212.00 to $183.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Bank of America upped their price target on shares of AutoNation from $225.00 to $255.00 and gave the stock a "buy" rating in a report on Monday, June 16th. Wall Street Zen upgraded shares of AutoNation from a "hold" rating to a "buy" rating in a report on Saturday, May 10th. Stephens upped their price target on shares of AutoNation from $190.00 to $200.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 29th. Finally, Wells Fargo & Company upped their price target on shares of AutoNation from $209.00 to $221.00 and gave the stock an "equal weight" rating in a report on Monday, July 28th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $215.13.

Read Our Latest Stock Report on AutoNation

AutoNation Stock Down 0.6%

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Shares of NYSE AN opened at $189.48 on Tuesday. The company has a current ratio of 0.81, a quick ratio of 0.21 and a debt-to-equity ratio of 1.84. AutoNation has a 12 month low of $148.33 and a 12 month high of $217.40. The firm has a market capitalization of $7.15 billion, a PE ratio of 11.87, a price-to-earnings-growth ratio of 0.96 and a beta of 0.89. The firm has a fifty day simple moving average of $197.23 and a two-hundred day simple moving average of $183.89.

AutoNation (NYSE:AN - Get Free Report) last announced its quarterly earnings data on Friday, July 25th. The company reported $5.46 EPS for the quarter, beating the consensus estimate of $4.70 by $0.76. The company had revenue of $6.97 billion for the quarter, compared to the consensus estimate of $6.77 billion. AutoNation had a net margin of 2.31% and a return on equity of 31.12%. AutoNation's revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm posted $3.99 EPS. Equities analysts expect that AutoNation will post 18.15 earnings per share for the current year.

Institutional Investors Weigh In On AutoNation

• AutoNation: Growth Engines Make It an Undervalued Stock

A number of large investors have recently modified their holdings of AN. Brave Warrior Advisors LLC increased its position in AutoNation by 50.3% in the 4th quarter. Brave Warrior Advisors LLC now owns 1,461,213 shares of the company's stock valued at $248,172,000 after acquiring an additional 488,904 shares during the period. Adage Capital Partners GP L.L.C. increased its position in shares of AutoNation by 422.7% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 575,000 shares of the company's stock valued at $97,658,000 after purchasing an additional 465,000 shares during the period. Alyeska Investment Group L.P. increased its position in shares of AutoNation by 63.0% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,104,934 shares of the company's stock valued at $187,662,000 after purchasing an additional 426,882 shares during the period. Cartenna Capital LP acquired a new position in shares of AutoNation during the 4th quarter valued at $56,831,000. Finally, AQR Capital Management LLC increased its position in shares of AutoNation by 144.6% during the 1st quarter. AQR Capital Management LLC now owns 416,167 shares of the company's stock valued at $65,950,000 after purchasing an additional 245,994 shares during the period. Institutional investors and hedge funds 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.

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