Analyst Rating Update on AutoNation (AN)

AutoNation (NYSE:AN) : 10 analysts are covering AutoNation (NYSE:AN) and their average rating on the stock is 2.3, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. AutoNation (NYSE:AN) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

AutoNation (NYSE:AN) : The highest short term price target forecast on AutoNation (NYSE:AN) is $70 and the lowest target price is $50. A total of 6 equity analysts are currently covering the company. The average price of all the analysts is $56.83 with a standard deviation of $7.19.

Company shares have received an average consensus rating of Hold for the current week Also, Jefferies initiates coverage on AutoNation (NYSE:AN). According to the latest information available, the shares are now rated Hold by the analysts at the agency. The rating by the firm was issued on April 11, 2016.

AutoNation (NYSE:AN): stock turned positive on Tuesday. Though the stock opened at $46.57, the bulls momentum made the stock top out at $47.52 level for the day. The stock recorded a low of $46.41 and closed the trading day at $47, in the green by 2.02%. The total traded volume for the day was 957,551. The stock had closed at $46.07 in the previous days trading.

In an insider trading activity,The officer (EVP – GC, Corp Dev & HR) of Autonation, Inc., Ferrando Jonathan P sold 20,000 shares at $50.32 on June 7, 2016. The Insider selling transaction had a total value worth of $1,006,400. The Insider information was disclosed with 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.

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