Home Stock Earnings An Analysis of AutoNation Inc. (AN)’s Potential Price Growth

An Analysis of AutoNation Inc. (AN)’s Potential Price Growth

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An Analysis of AutoNation Inc. (AN)’s Potential Price Growth

In a filing, AutoNation Inc. revealed its 10% Owner LAMPERT EDWARD S unloaded Company’s shares for reported $3.36 million on Oct 12. In the deal valued at $105.29 per share,31,925 shares were sold. As a result of this transaction, LAMPERT EDWARD S now holds 6,159,357 shares worth roughly $ 653.82 million.


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Then, LAMPERT EDWARD S sold 48,213 shares, generating $5,041,879 in total proceeds. Upon selling the shares at $104.58, the 10% Owner now owns 6,191,282 shares.

Before that, LAMPERT EDWARD S sold 175,000 shares. AutoNation Inc. shares valued at $17,912,318 were divested by the 10% Owner at a price of $102.36 per share. As a result of the transaction, LAMPERT EDWARD S now holds 6,239,495 shares, worth roughly $662.32 million.

JP Morgan downgraded its AutoNation Inc. [AN] rating to a Neutral from a an Overweight in a research note published on Friday. PT values the company’s stock at a premium of 15.08 to its Friday closing price. A number of analysts have revised their coverage, including Argus’s analysts, who began to cover the stock in late August with a ‘”a Buy”‘ rating. Seaport Research Partners also remained covering AN and has increased its forecast on July 25, 2022 with a “Buy” recommendation from previously “Neutral” rating. Truist revised its rating on April 25, 2022. It rated AN as “a Buy” which previously was an “a Hold”.

Price Performance Review of AN

On Friday, AutoNation Inc. [NYSE:AN] saw its stock fall -0.78% to $106.15. On the same session, the stock had its day’s lowest price of $104.85, but rose to a high of $109.63. Over the last five days, the stock has gained 0.05%. AutoNation Inc. shares have fallen nearly -9.16% since the year began. Nevertheless, the stocks have fallen -13.01% over the past one year. While a 52-week high of $135.57 was reached on 08/16/22, a 52-week low of $94.92 was recorded on 10/20/22. SMA at 50 days reached $108.66, while 200 days put it at $112.64. A total of 0.96 million shares were traded, compared to the trading of 0.79 million shares in the previous session.

Levels Of Support And Resistance For AN Stock

The 24-hour chart illustrates a support level at 104.12, which if violated will result in even more drops to 102.10. On the upside, there is a resistance level at 108.90. A further resistance level may holdings at 111.66. The Relative Strength Index (RSI) on the 14-day chart is 51.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.10, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 36.34%. Stochastics %K at 65.51% indicates the stock is a holding.

How much short interest is there in AutoNation Inc.?

A steep rise in short interest was recorded in AutoNation Inc. stocks on Jul 14, 2022, growing by 80000.0 shares to a total of 6.96 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 6.88 million shares. There was a rise of 1.15%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 19.17% of the overall stock float, the days-to-cover ratio (short ratio) rose to 10.21.

AutoNation Inc. [AN] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 4,565,004 shares, or roughly 8.15% of the outstanding AN shares. In other words, the investor’s shares have fallen by -194,136 from its previous 13-F filing of 4759140.0. Additionally, BlackRock Fund Advisors decreased -6.47% of its stake after which the total value it holdings stand at $302,642,018, while Dimensional Fund Advisors LP reduced -9.10% of its stake to hold $272.56 million in the firm. Over the last quarter, Artisan Partners LP sold -412,872 shares of AutoNation Inc., while SSgA Funds Management, Inc. sold -93,359 shares. At present, Goldman Sachs Asset Management LP is holding 1,104,206 shares valued at $112.49 million. AQR Capital Management LLC owned 1,008,532 shares of the company at the time of its most recent 13F filing, worth $102.74 million.

According to FactSet, AutoNation Inc.’s share price will average $144.50 in the next year, based on opinions of analysts polled by the firm. This is up nearly 16.84 percent from its previous closing price of $106.98. Analysts expect AutoNation Inc. stock to reach the higher price of $238.00, while the lowest price estimate is $104.00. However, 12 analysts have rated AN stock as an Overweight in their predictions for 2022.

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