Media headlines about AutoNation (NYSE:AN) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. AutoNation earned a news sentiment score of 0.19 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.6055225737547 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- Noteworthy Wednesday Option Activity: QRVO, AN, DDD (nasdaq.com)
- AutoNation, Inc. : quaterly earnings release (4-traders.com)
- AutoNation’s CEO on the Future of Car Dealerships – Wall Street Journal (wsj.com)
- AutoNation’s CEO on the Future of Car Dealerships (finance.yahoo.com)
- AutoNation : Memphis auto dealers buy old Dobbs Honda site for tech school (4-traders.com)
AutoNation declared that its board has authorized a share buyback program on Tuesday, August 29th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the company to purchase up to 6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.
Several analysts have recently commented on AN shares. BidaskClub downgraded shares of AutoNation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Deutsche Bank AG reiterated a “hold” rating and issued a $43.00 price target (down from $46.00) on shares of AutoNation in a report on Wednesday, August 9th. UBS AG downgraded shares of AutoNation from a “positive” rating to a “neutral” rating in a report on Thursday, September 28th. KeyCorp reiterated a “hold” rating on shares of AutoNation in a report on Friday, September 1st. Finally, Northcoast Research downgraded shares of AutoNation from a “buy” rating to a “neutral” rating in a report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $45.22.
In other AutoNation news, Director Robert R. Grusky sold 2,800 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $38.99, for a total transaction of $109,172.00. Following the completion of the transaction, the director now directly owns 30,713 shares in the company, valued at $1,197,499.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.10% of the company’s stock.
AutoNation, Inc (AutoNation) is an automotive retailer in the United States. The Company offers a range of automotive products and services, including new vehicles, used vehicles, parts and service, which includes automotive repair and maintenance services, as well as wholesale parts and collision businesses, and automotive finance and insurance products, including vehicle service and other protection products, as well as the arranging of financing for vehicle purchases through third-party finance sources.
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