Stephens analyst Rick Nelson reiterated a Hold rating on AutoNation (AN) today and set a price target of $40. The company’s shares closed on Friday at $37.23.
According to TipRanks.com, Nelson is a 4-star analyst with an average return of 12.8% and a 58.2% success rate. Nelson covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Camping World Holdings, and Dick’s Sporting Goods.
AutoNation has an analyst consensus of Hold, with a price target consensus of $38.25, which is a 2.7% upside from current levels. In a report issued on February 13, Seaport Global also initiated coverage with a Hold rating on the stock.
See today’s analyst top recommended stocks >>
Based on AutoNation’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $112 million. In comparison, last year the company had a net profit of $151 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
