AutoNation, Inc. Declines Again; Strong Momentum for Sellers

The stock of AutoNation, Inc. (NYSE:AN) is a huge mover today! The stock decreased 4.02% or $2.01 during the last trading session, hitting $47.94. About 1.59 million shares traded hands. AutoNation, Inc. (NYSE:AN) has declined 23.94% since July 15, 2015 and is downtrending. It has underperformed by 14.94% the S&P500. The move comes after 9 months negative chart setup for the $5.17 billion company. It was reported on Feb, 20 by We have $45.06 PT which if reached, will make NYSE:AN worth $310.20M less.

Analysts await AutoNation, Inc. (NYSE:AN) to reports earnings on April, 27. They expect $0.91 EPS, down 6.19% or $0.06 from last year’s $0.97 per share. AN’s profit will be $98.14 million for 13.17 P/E if the $0.91 EPS becomes reality. After $0.96 actual EPS reported by AutoNation, Inc. for the previous quarter, Wall Street now forecasts -5.21% negative EPS growth.

Out of 8 analysts covering AutoNation (NYSE:AN), 0 rate it “Buy”, 0 “Sell”, while 0 “Hold”. This means NaN are positive. AutoNation was the topic in 7 analyst reports since July 28, 2015 according to StockzIntelligence Inc.

According to Zacks Investment Research, “AutoNation, Inc. is the one of the largest automotive retailers in the United States. The company owns and operates new vehicle franchises from dealership locations in major metropolitan markets in numerous states, predominantly in the Sunbelt states. Its business consists primarily of the sale, financing and servicing of new and used vehicles. The company also provides other related services and products, such as the sale of parts and accessories, extended service contracts, aftermarket automotive products and collision repair services.”

The institutional sentiment decreased to 1.25 in 2015 Q3. Its down 0.27, from 1.52 in 2015Q2. The ratio dived, as 51 funds sold all AutoNation, Inc. shares owned while 90 reduced positions. 38 funds bought stakes while 138 increased positions. They now own 83.06 million shares or 15.00% more from 72.23 million shares in 2015Q2.

Rbs Partners L.P. holds 25.2% of its portfolio in AutoNation, Inc. for 6.79 million shares. Zeke Capital Advisors Llc owns 380,552 shares or 14.57% of their US portfolio. Moreover, Horizon Kinetics Llc has 3.52% invested in the company for 3.34 million shares. The Ohio-based Shaker Investments Llc Oh has invested 3.13% in the stock. Old West Investment Management Llc, a California-based fund reported 65,682 shares.

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