The stock of AutoNation, Inc. (NYSE:AN) hit a new 52-week low and has $38.09 target or 5.00% below today’s $40.09 share price. The 7 months bearish chart indicates high risk for the $4.09B company. The 1-year low was reported on Nov, 8 by Barchart.com. If the $38.09 price target is reached, the company will be worth $204.50 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 155,412 shares traded hands. AutoNation, Inc. (NYSE:AN) has declined 10.55% since April 5, 2016 and is downtrending. It has underperformed by 12.51% the S&P500.
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 stock has “Neutral” rating given by Bank of America on Monday, October 31. As per Tuesday, July 28, the company rating was upgraded by Sterne Agee CRT. Goldman Sachs downgraded it to “Sell” rating and $49 target price in Tuesday, March 8 report. The firm has “Neutral” rating given on Thursday, October 6 by Goldman Sachs. The rating was upgraded by Gabelli on Thursday, October 29 to “Buy”. Seaport Global initiated AutoNation, Inc. (NYSE:AN) on Tuesday, August 9 with “Neutral” rating. The company was upgraded on Thursday, October 29 by Stifel Nicolaus. The stock has “Buy” rating given by CL King on Thursday, September 8. The rating was initiated by Jefferies on Monday, April 11 with “Hold”. The firm has “Peer Perform” rating by Wolfe Research given on Wednesday, August 31.
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 decreased to 0.61 in 2016 Q2. Its down 0.17, from 0.78 in 2016Q1. The ratio dived, 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.
Baxter Bros Inc has 6,060 shares for 0.1% of their US portfolio. Fmr Ltd Llc owns 883,371 shares or 0.01% of their US portfolio. Moreover, Arizona State Retirement Sys has 0.01% invested in AutoNation, Inc. (NYSE:AN) for 17,491 shares. Gargoyle Invest Advisor Limited Liability Company, a New Jersey-based fund reported 5,425 shares. Credit Agricole S A holds 0.04% or 231,787 shares in its portfolio. Bruni J V And Communications Communications accumulated 166,186 shares or 1.54% of the stock. Amalgamated State Bank last reported 10,066 shares in the company. Ladenburg Thalmann Fincl holds 296 shares or 0% of its portfolio. Old West Investment Management has 0.71% invested in the company for 20,579 shares. Grantham Mayo Van Otterloo And Lc accumulated 0.03% or 167,656 shares. Tiaa Cref Investment Management Ltd Llc last reported 0% of its portfolio in the stock. Livforsakringsbolaget Skandia Omsesidigt holds 0.02% of its portfolio in AutoNation, Inc. (NYSE:AN) for 8,200 shares. Citadel Advisors Lc last reported 0.01% of its portfolio in the stock. Kcg Hldgs has 14,471 shares for 0.01% of their US portfolio. Vantage Prtnrs Limited Liability Company accumulated 50,500 shares or 0.25% of the stock.
Insider Transactions: Since May 31, 2016, the stock had 0 insider buys, and 3 sales for $2.09 million net activity. FERRANDO JONATHAN P had sold 20,000 shares worth $1.01 million. $74,790 worth of AutoNation, Inc. (NYSE:AN) was sold by BERMAN WILLIAM R on Wednesday, June 8.
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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