SunTrust Robinson analyst Stephanie Benjamin reiterated a Hold rating on AutoNation (AN) yesterday and set a price target of $40. The company’s shares closed yesterday at $37.66, close to its 52-week low of $32.87.
According to TipRanks.com, Benjamin is a 1-star analyst with an average return of -8.6% and a 7.1% success rate. Benjamin covers the Services sector, focusing on stocks such as Kar Auction Services Inc, Echo Global Logistics, and ArcBest Corporation.
The word on The Street in general, suggests a Hold analyst consensus rating for AutoNation with a $45.25 average price target.
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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.
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. Most recently, in November 2018, Michael J. Jackson, the COB, CEO & Pres of AN sold 74,208 shares for a total of $3,019,152.
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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.
