BofA raised the firm’s price target on AutoNation (AN) to $245 from $230 and keeps a Buy rating on the shares. The firm lowered its North American auto production estimate to 16.1M from 16.7M to reflect plant downtime and a material increase in Chinese imports to Mexico. Commentary from dealers for 2025 was encouraging and pointed to “another year of solid growth” highlighted by growing volumes, stable pricing, and continued execution, the firm adds.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AN:
- AutoNation price target raised to $212 from $207 at Guggenheim
- AutoNation price target raised to $195 from $180 at JPMorgan
- AutoNation files automatic mixed securities shelf
- AutoNation’s Strong Financial Performance and Strategic Initiatives Bolster Buy Recommendation
- AutoNation price target raised to $233 from $200 at Argus