AutoNation (AN) : Traders are bullish on AutoNation (AN) as it has outperformed the S&P 500 by a wide margin of 1.25% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.21%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.37% in the last 1 week, and is up 0.7% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 0.98% and the 50-Day Moving Average is 0.61%.The 200 Day SMA reached 1.05%
AutoNation (NYSE:AN): After opening at $47.51, the stock dipped to an intraday low of $47.29 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $48.94 and the buying power remained strong till the end. The stock closed at $48.71 for the day, a gain of 3.07% for the day session. The total traded volume was 956,184. The stocks close on the previous trading day was $48.71.
AutoNation (AN) stock is expected to deviate a maximum of $4.84 from the average target price of $57.33 for the short term period. 6 Street Experts have initiated coverage on the stock with the most promising target being $66 and the most muted being $51.
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.