AutoNation (AN) Receives Analyst Rating

AutoNation (AN) : 2 brokerage houses believe that AutoNation (AN) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 8 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on AutoNation (AN). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 12 Wall Street Analysts endorse the stock as a Buy with a rating of 2.5.

AutoNation (AN) : 6 Wall Street analysts covering AutoNation (AN) believe that the average level the stock could reach for the short term is $57.33. The maximum price target given is $66 and the minimum target for short term is around $51, hence the standard deviation is calculated at $4.84.

AutoNation

Also, CL King initiates coverage on AutoNation (NYSE:AN). The shares have now been rated Buy by the stock experts at the ratings house. The rating by the firm was issued on September 8, 2016.

AutoNation (NYSE:AN): After opening at $48.42, the stock dipped to an intraday low of $48.25 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $49.31 and the buying power remained strong till the end. The stock closed at $49.14 for the day, a gain of 0.92% for the day session. The total traded volume was 647,601. The stocks close on the previous trading day was $48.69.

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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