Extremely significant positive changes in AutoNation Inc (NYSE: AN) investment behavior have recently occurred: its shorter term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.
Recent minimal positive changes in fundamentals have benefitted AutoNation Inc (NYSE: AN): significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, AN is expected to continue to be a major Value Builder.
AutoNation has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. AutoNation has a good Appreciation Score of 79 but a slightly negative Power Rating of 33, and the Neutral Value Trend Rating results.
Recent Price Action
AutoNation Inc (NYSE: AN) stock closed at $155.24 on 3/14/24 after a modest gain of 0.8%. Moreover, trading volume in this advance was exceptionally high at 208% of normal. The stock has risen 6.9% during the last week but has been weak relative to the market over the last nine months.
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