Morgan Stanley (NYSE:MS) analyst Adam Jonas maintained a Sell rating on Autonation on Monday, setting a price target of $70, which is approximately 40.03% below the present share price of $116.72.
Jonas expects Autonation to post earnings per share (EPS) of $4.88 for the third quarter of 2021.
The current consensus among 4 TipRanks analysts is for a Hold rating of shares in AutoNation (NYSE:AN), with an average price target of $117.75.
The analysts price targets range from a high of $171 to a low of $70.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $6.98 billion and a net profit of $530.2 million. The company's market cap is $8.36 billion.
According to TipRanks.com, Morgan Stanley analyst Adam Jonas is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 12.0% and a 54.87% success rate.
AutoNation, Inc. engages in the provision of automotive products and services. It operates through the following segments: Domestic, Import, Premium Luxury, and Corporate & Other. The Domestic segment comprises retail automotive franchises that sell new vehicles manufactured by General Motors (NYSE:GM), Ford and Chrysler. The Import segment includes retail automotive franchises that sell new vehicles manufactured primarily by Toyota, Honda, and Nissan (OTC:NSANY). The Premium Luxury segment consists of retail automotive franchises that sell new vehicles manufactured primarily by Mercedes-Benz, BMW, Audi, and Lexus. The Corporate & Other segment involves in the collision centres, auction operations and stand-alone used vehicle sales and service centres. The company was founded by Steven Richard Berrard and Harry Wayne Huizenga Sr. in 1991 and is headquartered in Fort Lauderdale, FL.