AN Price Prediction Next Week
Analysis and Insights
Technical Analysis:
AutoNation (AN) is showing signs of potential reversal after entering oversold territory with an RSI of 27.6, indicating exhausted selling pressure. The stock has crossed below its 200-day moving average, which could signal further weakness, but the oversold condition may attract buyers.
Fibonacci Levels:
The Fibonacci levels suggest key support and resistance points. The stock is currently testing the S1 level of $169.08, with potential upside to the R1 level of $183.78.
Analyst Sentiment:
BofA recently raised AutoNation's price target to $245, maintaining a Buy rating, which indicates confidence in the stock's long-term growth.
Conclusion:
Based on the oversold RSI and positive analyst sentiment, AutoNation's stock is likely to rise next week. The target price is $183 with a Buy recommendation.
AN Similar Chart Price Prediction
The price of AN is predicted to go up 2.62%, based on the high correlation periods with MYE. The similarity of these two price pattern on the periods is 97.19%.
AN
MYE
Up: 2.62%Similarity: 97.19%
AN Revenue Forecast
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AN VS S&P500
AutoNation's massive size provides some appealing economies of scale, illustrated by strong operating margins.
AutoNation has been expanding its auto repair and used-vehicle operations, which generally carry higher margins and are less cyclical than new-car sales.
AutoNation Express could make the AutoNation shopping experience far more attractive to consumers than shopping at most other dealers. AutoNation USA and the Waymo AV service deal add to the upside potential.
AN Analyst's Forecast
Rajat Gupta
JP Morgan
Hold
2025-02-19
Price Target
$180 → $195
Upside
+2.45%
JPMorgan raised the firm's price target on AutoNation to $195 from $180 and keeps a Neutral rating on the shares. The firm updated models in the auto dealership space following the Q4 reports. The results were ahead of JPMorgan's above-consensus expectations with U.S.-only companies demonstrating the best same-store gross profit performance as expected, the analyst tells investors in a research note. JPMorgan says that while the risk is to the upside on multiples as sector earnings see a turn in year-over-year profitability, it sees the sector "taking a breather for now before the next 'turn' of cards post spring season."
Jeff Lick
Stephens & Co.
Hold
2025-02-12
Price Target
$195 → $200
Upside
+4.37%
Glenn Chin
Seaport Global
Strong Buy
2024-11-22
Price Target
$180 → $200
Upside
+16.2%
