AutoNation (AN) : The consensus on AutoNation (AN) based on 11 analyst recommendation on the company stock is 2.36, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 7 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
AutoNation (AN) : The highest level AutoNation (AN) is projected to reach is $66 for the short term and the lowest estimate is at $51. The consolidated price target from 6 rating analysts who initiate coverage on the stock is $57.5 and the possibility the share price can swing is $4.85.
Company shares have received an average consensus rating of Hold for the current week AutoNation (NYSE:AN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $49.01 and $49.01 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $50.06. The buying momentum continued till the end and the stock did not give up its gains. It closed at $49.46, notching a gain of 1.79% for the day. The total traded volume was 810,644 . The stock had closed at $48.59 on the previous day.
In a related news, The officer (EVP – GC, Corp Dev & HR), of Autonation, Inc., Ferrando Jonathan P had unloaded 20,000 shares at $50.32 per share in a transaction on June 7, 2016. The total value of transaction was $1,006,400. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
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.