AutoNation (AN) Gets a Hold Rating from Longbow Research

By Jason Carr

In a report issued on July 3, Anthony Deem from Longbow Research maintained a Hold rating on AutoNation (ANResearch Report). The company’s shares closed on Friday at $42.01.

According to TipRanks.com, Deem has currently no stars on a ranking scale of 0-5 stars, with an average return of -10.6% and a 29.7% success rate. Deem covers the Industrial Goods sector, focusing on stocks such as Visteon Corp, Veoneer Inc, and Adient plc.

Currently, the analyst consensus on AutoNation is a Moderate Sell with an average price target of $35.

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AutoNation’s market cap is currently $3.75B and has a P/E ratio of 9.68. The company has a Price to Book ratio of 1.35.

Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock. Last month, Michael J. Jackson, the EC of AN sold 37,104 shares for a total of $1,555,771.

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AutoNation, Inc. engages in the provision of automotive products and services. It operates through the following segments: Domestic, Import, Premium Luxury and Corporate and Other. The Domestic segment comprises retail automotive franchises that sell new vehicles manufactured by General Motors, Ford and Chrysler.