Wall Street predicts Autonation Inc. (AN) stock to drop by -27.2%

A share price of Autonation Inc. [AN] is currently trading at $182.36, up 1.07%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The AN shares have gain 4.76% over the last week, with a monthly amount glided 2.38%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Autonation Inc. [NYSE: AN] stock has seen the most recent analyst activity on February 29, 2024, when Morgan Stanley upgraded its rating to a Equal-Weight and also boosted its price target to $140 from $117. Previously, Evercore ISI started tracking the stock with Outperform rating on January 17, 2024, and set its price target to $185. On October 31, 2023, upgrade upgraded it’s rating to Neutral but maintained its price target of $145 on the stock. JP Morgan downgraded its rating to a Underweight and increased its price target to $130 on February 21, 2023. Morgan Stanley downgraded its rating to a Underweight and reduced its price target to $96 on January 17, 2023. Wells Fargo downgraded its rating to Equal Weight for this stock on January 13, 2023, but kept the price target unchanged to $126. In a note dated October 06, 2022, JP Morgan downgraded an Neutral rating on this stock but restated the target price of $125.

Autonation Inc. experienced fluctuations in its stock price throughout the past year between $123.81 and $197.18. Currently, Wall Street analysts expect the stock to reach $132.75 within the next 12 months. Autonation Inc. [NYSE: AN] shares were valued at $182.36 at the most recent close of the market. An investor can expect a potential drop of -27.2% based on the average AN price forecast.

Analyzing the AN fundamentals

Trailing Twelve Months sales for Autonation Inc. [NYSE:AN] were 26.63B which represents -5.95% decline. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.35 and Total Capital is 0.19. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.06.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 180.74 points at the first support level, and at 179.13 for the second support level. However, for the 1st resistance point, the stock is sitting at 183.86, and for the 2nd resistance point, it is at 185.36.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Autonation Inc. [NYSE:AN] is 0.78. Also, the Quick Ratio is 0.21, while the Cash Ratio stands at 0.02. Considering the valuation of this stock, the price to sales ratio is 0.27, the price to book ratio is 3.31 and price to earnings (TTM) ratio is 9.98.

Transactions by insiders

Recent insider trading involved GRUSKY ROBERT R, Director, that happened on Aug 01 ’24 when 350.0 shares were sold. 10% Owner, LAMPERT EDWARD S completed a deal on Jul 31 ’24 to sell 53562.0 shares. Meanwhile, Director GRUSKY ROBERT R bought 1350.0 shares on Aug 01 ’24.

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