In a report released today, Colin Langan from Wells Fargo maintained a Hold rating on AutoNation (AN – Research Report), with a price target of $144.00. The company’s shares closed last Friday at $140.21.
Langan covers the Consumer Cyclical sector, focusing on stocks such as General Motors, Autoliv, and BorgWarner. According to TipRanks, Langan has an average return of -5.0% and a 49.34% success rate on recommended stocks.
Currently, the analyst consensus on AutoNation is a Moderate Buy with an average price target of $181.20.
See the top stocks recommended by analysts >>
AN market cap is currently $5.96B and has a P/E ratio of 6.01.
Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AN in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
AutoNation (AN) Company Description:
AutoNation, Inc. engages in the provision of automotive products and services. It operates through the following segments: Domestic, Import, Premium Luxury, and Corporate & Other. The Domestic segment comprises retail automotive franchises that sell new vehicles manufactured by General Motors, Ford and Chrysler. The Import segment includes 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, Audi, and Lexus. The Corporate & Other segment involves in the collision centres, auction operations and stand-alone used vehicle sales and service centres. The company was founded by Steven Richard Berrard and Harry Wayne Huizenga Sr. in 1991 and is headquartered in Fort Lauderdale, FL.
Read More on AN:
