November 30, 2016 - By Clifton Ray · 0 Comments
Autonation Inc (NYSE:AN) institutional sentiment increased to 0.89 in Q2 2016. Its up 0.28, from 0.61 in 2016Q1. The ratio increased, as 105 investment professionals increased and started new positions, while 172 decreased and sold holdings in Autonation Inc. The investment professionals in our partner’s database now possess: 69.13 million shares, up from 68.34 million shares in 2016Q1. Also, the number of investment professionals holding Autonation Inc in their top 10 positions was flat from 6 to 6 for the same number . Sold All: 65 Reduced: 107 Increased: 84 New Position: 21.
AutoNation, Inc. is an automotive retailer in the United States. The company has a market cap of $4.45 billion. The Firm offers a range of automotive services and products, 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, including vehicle service and other protection products, as well as the arranging of financing for vehicle purchases through third-party finance sources. It has a 11.33 P/E ratio. It operates through three divisions, including Domestic, Import and Premium Luxury.
The stock decreased 0.92% or $0.41 during the last trading session, hitting $44.23. AutoNation, Inc. (NYSE:AN) has declined 13.85% since April 27, 2016 and is downtrending. It has underperformed by 19.08% the S&P500.
Analysts await AutoNation, Inc. (NYSE:AN) to report earnings on January, 26. They expect $1.01 EPS, up 5.21% or $0.05 from last year’s $0.96 per share. AN’s profit will be $101.62 million for 10.95 P/E if the $1.01 EPS becomes a reality. After $1.11 actual EPS reported by AutoNation, Inc. for the previous quarter, Wall Street now forecasts -9.01% negative EPS growth.
According to Zacks Investment Research, “AutoNation, Inc. is the one of the largest automotive retailers in the United States. The company owns and operates new vehicle franchises from dealership locations in major metropolitan markets in numerous states, predominantly in the Sunbelt states. Its business consists primarily of the sale, financing and servicing of new and used vehicles. The company also provides other related services and products, such as the sale of parts and accessories, extended service contracts, aftermarket automotive products and collision repair services.”
Rbs Partners L.P. holds 28.12% of its portfolio in AutoNation, Inc. for 6.09 million shares. Clovis Capital Management Lp owns 230,757 shares or 5.02% of their US portfolio. Moreover, Chilton Investment Co Llc has 4.75% invested in the company for 2.85 million shares. The New York-based Eminence Capital Lp has invested 3.19% in the stock. Midwest Investment Management Llc, a Ohio-based fund reported 77,455 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 2 sales for $1.08 million net activity.
Ratings analysis reveals 45% of AutoNation’s analysts are positive. Out of 11 Wall Street analysts rating AutoNation, 5 give it “Buy”, 1 “Sell” rating, while 5 recommend “Hold”. The lowest target is $47 while the high is $78. The stock’s average target of $63.40 is 43.34% above today’s ($44.23) share price. AN was included in 14 notes of analysts from July 28, 2015. The stock of AutoNation, Inc. (NYSE:AN) earned “Neutral” rating by Goldman Sachs on Thursday, October 6. On Wednesday, August 31 the stock rating was initiated by Wolfe Research with “Peer Perform”. On Thursday, September 8 the stock rating was initiated by CL King with “Buy”. The firm has “Hold” rating given on Monday, April 11 by Jefferies. The company was upgraded on Thursday, October 29 by Gabelli. The rating was initiated by Seaport Global with “Neutral” on Tuesday, August 9. The rating was upgraded by Sterne Agee CRT on Tuesday, July 28 to “Buy”. The rating was downgraded by Goldman Sachs to “Sell” on Tuesday, March 8. Stifel Nicolaus upgraded the shares of AN in a report on Thursday, October 29 to “Buy” rating. The stock has “Neutral” rating given by Bank of America on Monday, October 31.
AutoNation, Inc., incorporated on May 30, 1991, is an automotive retailer in the United States. The Firm offers a range of automotive services and products, 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 divisions, including Domestic, Import and Premium Luxury. The Firm owns and operates approximately 370 new vehicle franchises from over 260 stores located in the United States, predominantly in metropolitan markets in the Sunbelt region. It markets and sells approximately 35 different new vehicle brands, including Toyota (including Lexus), Ford, Honda, Nissan, General Motors, Mercedes-Benz, FCA US (formerly Chrysler), BMW and Volkswagen (including Audi and Porsche). The Company’s facilities are located in various locations, such as Alabama, Arizona, California, Colorado, Florida, Georgia, Illinois, Maryland, Minnesota, Nevada, Ohio, Tennessee, Texas, Virginia and Washington.
More recent AutoNation, Inc. (NYSE:AN) news were published by: Fool.com which released: “Despite Peaking New-Vehicle Sales in the US, AutoNation, Inc.’s Expansion …” on November 02, 2016. Also Investorplace.com published the news titled: “Why AutoNation, Inc. (AN) Stock Is Down Today” on October 28, 2016. Prnewswire.com‘s news article titled: “AutoNation Announces New Chief Technology Officer” with publication date: October 21, 2016 was also an interesting one.
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By Clifton Ray