Morgan Stanley analyst Armintas Sinkevicius maintained a Sell rating on AutoNation (AN) today and set a price target of $46.00. The company’s shares closed last Monday at $52.25, close to its 52-week high of $53.19.
According to TipRanks.com, Sinkevicius is a 3-star analyst with an average return of 1.1% and a 50.0% success rate. Sinkevicius covers the Services sector, focusing on stocks such as Penske Automotive Group, Group 1 Automotive, and Sonic Automotive.
AutoNation has an analyst consensus of Moderate Sell, with a price target consensus of $46.00.
See today’s analyst top recommended stocks >>
The company has a one-year high of $53.19 and a one-year low of $32.83. Currently, AutoNation has an average volume of 570.6K.
Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AN in relation to earlier this year. Earlier this month, David Edelson, a Director at AN sold 20,000 shares for a total of $1,050,200.
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.
