Streetbeat News

AutoNation, Inc.

https://www.autonation.com

Industry

Auto - Dealerships

AutoNation, Inc., through its subsidiaries, operates as an automotive retailer in the United States. The company operates through three segments: Domestic, Import, and Premium Luxury. It offers a range of automotive products and services, including new and used vehicles; and parts and services, such as automotive repair and maintenance, and wholesale parts and collision services. The company also provides automotive finance and insurance products comprising vehicle services and other protection products, as well as arranges finance for vehicle purchases through third-party finance sources. As of December 31, 2021, it owned and operated 339 new vehicle franchises from 247 stores located primarily in metropolitan markets in the Sunbelt region. The company also owned and operated 57 AutoNation-branded collision centers, 9 AutoNation USA used vehicle stores, 4 AutoNation-branded automotive auction operations, and 3 parts distribution centers. AutoNation, Inc. was founded in 1991 and is headquartered in Fort Lauderdale, Florida.

Open

162.16

Mkt cap

6.5B

Volume

373K

High

165.22

P/E Ratio

9.47

52-wk high

197.18

Low

161.62

Div yield

N/A

52-wk low

130.35

AutoNation has announced the hiring of Jeff Parent as its new Chief Operating Officer (COO), effective from October 16.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 8:06 pm

AutoNation Inc (NYSE:AN) shares are trading higher by 1.9% amid the UAW launching a historic simultaneous strike. The strike could disrupt new vehicle production, potentially driving used car prices higher. This could benefit AutoNation, potentially driving up sales and revenues, which could lead to a rise in its stock price.

Portfolio Pulse from Henry Khederian

September 18, 2023 | 7:44 pm

AutoNation Inc (NYSE:AN) shares are trading lower by 3.76% to $153.24, pulling back following recent strength. The United Auto Workers (UAW) union has launched a simultaneous strike against the Detroit three automakers, which could disrupt new vehicle production and potentially drive used car prices higher. This could benefit AutoNation by driving up sales and revenues.

Portfolio Pulse from Henry Khederian

September 15, 2023 | 3:20 pm

The United Auto Workers (UAW) union plans to strike against the major U.S. auto manufacturers, demanding pay increases and shorter work weeks. This could impact the value of cars, potentially increasing used car prices. Stocks of used car companies like Carvana Co, CarMax, AutoNation, and Vroom may benefit. The strike could also be beneficial for car rental companies like Avis Budget Group and Hertz Global Holdings. The 'big three' auto companies may need to focus more on capital discipline post labor negotiations.

Portfolio Pulse from Aaron Bry

September 15, 2023 | 3:11 pm

Shares of used car retailers are trading higher due to the approaching UAW strike deadline. A potential strike could impact vehicle production at large automakers, driving used car prices higher.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 6:32 pm

AutoNation's (NYSE:AN) short percent of float has risen 4.07% since its last report, with 3.92 million shares sold short, which is 13.82% of all regular shares available for trading. This is higher than the average short interest of its peer group, which is 11.89%. Short interest can act as an indicator of market sentiment towards a stock, with an increase potentially signaling a more bearish sentiment.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 2:01 pm

The U.S. Consumer Price Index (CPI) recorded an annual inflation rate of 3.2% in July, but used car and truck prices fell for the second month in a row, dropping 1.3% after a 0.5% dip in the previous month. This could put downward pressure on the margins and profitability of companies like CarMax, Inc. (KMX), AutoNation, Inc. (AN), Lithia Motors, Inc. (LAD), Carvana Co. (CVNA), and Vroom Inc. (VRM).

Portfolio Pulse from Piero Cingari

August 10, 2023 | 2:33 pm

Analysts have provided various ratings for AutoNation (NYSE:AN) within the last quarter, with 3 bullish, 2 indifferent, and 1 somewhat bearish. The average 12-month price target for AutoNation, according to 6 analysts, is $173.5, with a high of $200.00 and a low of $117.00. This average price target has increased by 9.53% over the past month.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 7:00 pm

Morgan Stanley analyst Adam Jonas has maintained an Underweight rating on AutoNation (NYSE:AN) and raised the price target from $105 to $117.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 12:36 pm

Guggenheim analyst Jonathan Elias maintains a Buy rating on AutoNation (NYSE:AN) but has lowered the price target from $184 to $179.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 4:19 pm

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