Analyst Rating Update on AutoNation (AN)

AutoNation (AN) : Zacks Investment Research ranks AutoNation (AN) as 3, which is a Hold recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 10 research analysts is 2.3, which indicates as a Buy.

AutoNation (AN) : 6 investment research analysts covering AutoNation (AN) have an average price target of $57.33 for the near short term. The highest target price given by the Brokerage Firm to the stock is $66 and the lowest target is $51 for the short term. Analysts expect the variance to be within $4.93 of the average price.

Company shares have received an average consensus rating of Hold for the current week

AutoNation

AutoNation (NYSE:AN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $48.66 and $47.76 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $49.39. The buying momentum continued till the end and the stock did not give up its gains. It closed at $49.23, notching a gain of 1.01% for the day. The total traded volume was 1,195,865 . The stock had closed at $48.74 on the previous day.

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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