Alert: Positive Investment/Fundamental Signals (12/18/23)-AutoNation Inc (NYSE: AN)


Recent extremely meaningful positive changes in investment behavior have benefitted AutoNation Inc (NYSE: AN): the stock’s recent price rise disrupted its longer term downtrend, its longer term price trend turned up, and its shorter term price trend turned up.

AutoNation Inc (NYSE: AN) has recently enjoyed marginal positive changes in fundamentals: significant quarterly earnings acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to 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 A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. AutoNation has a slightly positive Power Rating of 67 and a good Appreciation Score of 82, producing the Highest Value Trend Rating.

Recent Price Action

On 12/18/23, AutoNation Inc (NYSE: AN) stock declined slightly by -0.5%, closing at $146.94. NORMAL trading volume accompanied the decline. Relative to the market the stock has been strong over the last nine months and has risen 8.0% during the last week.

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