Analyst Price Target Update on AutoNation (NYSE:AN)

AutoNation (NYSE:AN): 6 analysts have set the short term price target of AutoNation (NYSE:AN) at $59.33. The standard deviation of short term price target has been estimated at $10.21, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 77 and $50 respectively.

Many analysts have stated their opinion on the company shares. Jefferies initiates coverage on AutoNation (NYSE:AN) The brokerage firm has issued a Hold rating on the shares. The rating by the firm was issued on April 11, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities,The officer (EVP – GC, Corp Dev & HR) of Autonation, Inc., Ferrando Jonathan P sold 20,000 shares at $50.32 on June 7, 2016. The Insider selling transaction had a total value worth of $1,006,400. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

AutoNation (NYSE:AN) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.36 points or 0.76% at $47.27 with 1,103,098 shares getting traded. Post opening the session at $47.27, the shares hit an intraday low of $46.52 and an intraday high of $47.76 and the price was in this range throughout the day. The company has a market cap of $4,874 million and the number of outstanding shares have been calculated to be 103,103,606 shares. The 52-week high of AutoNation (NYSE:AN) is $66.63 and the 52-week low is $40.45.

AutoNation, Inc. is an automotive retailer in the United States. The Company offers a range of automotive products and services, including new vehicles, used vehicles, parts and service, which includes automotive repair and maintenance services, as well as wholesale parts and collision businesses, and automotive finance and insurance products, which includes vehicle service and other protection products, as well as the arranging of financing for vehicle purchases through third-party finance sources. It operates through three segments: The Domestic segment consists of retail automotive franchises that sell new vehicles manufactured by General Motors, Ford and Chrysler. The Import segment consists of retail automotive franchises that sell new vehicles manufactured primarily by Toyota, Honda and Nissan. The Premium Luxury segment consists of retail automotive franchises that sell new vehicles manufactured primarily by Mercedes-Benz, BMW and Lexus.

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