Stock On Watch: What’s Next for AutoNation, Inc. After Today’s Big Increase?

Stock On Watch: What's Next for AutoNation, Inc. After Today's Big Increase?

The stock of AutoNation, Inc. (NYSE:AN) is a huge mover today! About 486,378 shares traded hands. AutoNation, Inc. (NYSE:AN) has declined 11.91% since April 28, 2016 and is downtrending. It has underperformed by 17.84% the S&P500.
The move comes after 5 months positive chart setup for the $4.77 billion company. It was reported on Dec, 1 by Barchart.com. We have $48.65 PT which if reached, will make NYSE:AN worth $190.80M more.

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 $102.99 million for 11.58 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.

AutoNation, Inc. (NYSE:AN) Ratings Coverage

Out of 11 analysts covering AutoNation (NYSE:AN), 5 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 45% are positive. AutoNation has been the topic of 14 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Thursday, October 29 by Stifel Nicolaus. The rating was initiated by CL King with “Buy” on Thursday, September 8. The company was downgraded on Monday, October 31 by Bank of America. Wolfe Research initiated the stock with “Peer Perform” rating in Wednesday, August 31 report. The stock of AutoNation, Inc. (NYSE:AN) has “Sell” rating given on Tuesday, March 8 by Goldman Sachs. The firm earned “Hold” rating on Monday, April 11 by Jefferies. The firm earned “Neutral” rating on Tuesday, August 9 by Seaport Global. The stock has “Buy” rating given by Gabelli on Thursday, October 29. As per Tuesday, July 28, the company rating was upgraded by Sterne Agee CRT. The rating was upgraded by Goldman Sachs to “Neutral” on Thursday, October 6.

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.”

Insitutional Activity: The institutional sentiment increased to 0.89 in 2016 Q2. Its up 0.28, from 0.61 in 2016Q1. The ratio increased, as 65 funds sold all AutoNation, Inc. shares owned while 107 reduced positions. 21 funds bought stakes while 84 increased positions. They now own 69.13 million shares or 1.16% more from 68.34 million shares in 2016Q1.
Moreover, Mngmt Of Virginia Limited Liability Corp has 0.15% invested in AutoNation, Inc. (NYSE:AN) for 12,306 shares. Andra Ap last reported 0.04% of its portfolio in the stock. Dekabank Deutsche Girozentrale has invested 0% of its portfolio in AutoNation, Inc. (NYSE:AN). Tiaa Cref Mngmt Limited Liability Com holds 0% or 124,681 shares in its portfolio. Gotham Asset Mgmt Ltd Liability Corp accumulated 572,154 shares or 0.32% of the stock. Moreover, Torchmark has 0.99% invested in AutoNation, Inc. (NYSE:AN) for 23,500 shares. Gulf Interest National Bank & Trust (Uk) holds 22,425 shares or 0.02% of its portfolio. Clovis Management L P holds 5.02% or 230,757 shares in its portfolio. Apg Asset Nv has invested 0.01% of its portfolio in AutoNation, Inc. (NYSE:AN). Chevy Chase Tru Holdings Inc, a Maryland-based fund reported 60,772 shares. Moreover, Savant Cap Limited has 0.07% invested in AutoNation, Inc. (NYSE:AN) for 5,220 shares. The United Kingdom-based Winton Grp Limited has invested 0.24% in AutoNation, Inc. (NYSE:AN). Pnc Financial Ser Gp reported 8,249 shares or 0% of all its holdings. Checchi Capital Advisers Ltd Llc has invested 0% of its portfolio in AutoNation, Inc. (NYSE:AN). Baxter Bros holds 0.1% or 6,060 shares in its portfolio.

Insider Transactions: Since June 7, 2016, the stock had 0 insider buys, and 2 sales for $1.08 million net activity. Shares for $74,790 were sold by BERMAN WILLIAM R. $1.01M worth of shares were sold by FERRANDO JONATHAN P on Tuesday, June 7.

More news for AutoNation, Inc. (NYSE:AN) were recently published by: Fool.com, which released: “Despite Peaking New-Vehicle Sales in the US, AutoNation, Inc.’s Expansion …” on November 02, 2016. Investorplace.com‘s article titled: “Why AutoNation, Inc. (AN) Stock Is Down Today” and published on October 28, 2016 is yet another important article.

AN Company Profile

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.

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