Is AutoNation Inc. (AN) Set To Achieve Price Targets?

The stock of AutoNation Inc. (NYSE:AN) increased by increased by $4.48 on Friday to finish at $130.48, up 3.56 percent. The last five days have seen an average of 1,500,500 shares of common stock traded. 41 times new highs were reached in the current year, with a gain of $60.69. The average number of shares traded over the last 20 days was 1,069,130, while the average volume over the last 50 days totaled 1,202,040.

AN stock appreciated 6.73% since last month. On 10/06/21, the company’s shares reached a one-month low of $113.12. The stock touched a high of $131.12 on 10/22/21, after rallying from a low of $56.07 in 52 weeks. The price of AN stock has risen by 86.96% or $60.69 this year, reaching a new high 41 times. Still, the stock price is down -0.49% from the 52-week high.

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Insider Transactions

There have been 5 days since AutoNation Inc. (AN) last reported insider trading activity on Oct 20. On Oct 20, 10% Owner CASCADE INVESTMENT, L.L.C. sold 127,026 shares at $119.12 each. This transaction resulted in the insider making $15,131,705. On Oct 19, CASCADE INVESTMENT, L.L.C. sold 82,169 shares at a price of US$116.42. After the transaction, the insider now owns 10,888,666 shares. 10% Owner CASCADE INVESTMENT, L.L.C. had earlier sold 53,434 shares on Oct 18 for $117.28 a share. The transaction was completed for $6,266,886.

Valuation Metrics

AutoNation Inc. (AN) has a trailing price-to-earnings (P/E) ratio of 8.98. This level actually compares favorably with the industry at large, as the PE for the Auto & Truck Dealerships industry stands at about 14.28. Further, its PE also compares favorably with the Consumer Cyclical sector’s trailing 12 months PE ratio, which comes in at 32.04 right now. The PE ratio of AutoNation Inc. has varied between 31.64 and 4.538 in the last five years. Beta for the stock is 1.47. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.36, the price-to-book (PB) ratio of 3.87, and the price-to-cash flow ratio of 6.45.

For the three months ended June 29, AutoNation Inc.’s quick ratio was 0.40, while its current ratio was 1.00, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.13, and the total debt to equity ratio is 1.14. As far as profitability goes, gross margin for the trailing twelve months is 18.40% percent. AutoNation Inc.’s EBITDA margin for the year ended June 29 was 5.61%, whereas its operating margin stood at 6.70% for the same period. Based on annual data, it had gross profit of $3.57 billion and revenue of $20.39 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. AN’s return on assets (ROA) during the last 12 months has been 12.80%. There was a 7.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 39.10%. ROE has averaged 10.14 in the past year for the broader industry.

Earnings Surprise

According to AutoNation Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $6.38 billion, while revenues rose by 15.28% to $6.98 billion. It was predicted that AutoNation Inc.’s quarterly earnings would be $4.83, but it ended up being $2.81, beating the consensus by 71.90%. EBITDA was $552.2 million for the quarter. At the end of AutoNation Inc.’s most recent quarter ended June 29, its liabilities totaled 5.78 billion, while its total debt was $4.38 billion. Equity owned by shareholders amounts to $65.54 million.

Technical Picture

Here’s a quick look at AutoNation Inc.’s (AN) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 74.57%, suggesting the stock is Overbought, with a 42.82% historical volatility rate.

The stochastic %K and %D were 67.08% and 45.96% respectively, while the average true range (ATR) was 5.05. Based on the 14-day stochastic reading of 87.81%, the RSI (14) reading is 67.96%. On the 9-day MACD Oscillator, the stock is at 5.54, and the 14-day reading is at 6.34.

Analyst Ratings

In a note to investors, The Benchmark Company maintained its a Buy rating on AutoNation Inc. (NYSE: AN). However, the firm raised their price target to $185, indicating a possible increase of 20.92% in the stock price. Analysts have assigned AutoNation Inc. (AN) an Overweight rating. AN is a stock that is recommended for selling by 0 brokerage firms, while 7 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 4 others recommend it as a buy.

What is AN’s price target for the next 12 months?

The current consensus forecast for the stock is between $116.00 and $186.00, with a median target price of $140.50. In analyzing these forecasts, the average price target given by analysts for AutoNation Inc. (AN) is $152.13.


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