AutoNation, Inc. (AN) stock is 15.01% higher in the past week and gets a bullish rating of Investors Observer Sentiment indicator.
What is stock market sentiment?
Sentiment is a very short term indicator that is entirely technical. There is no information on the health of the underlying company’s profitability in our sentiment score. As a technical indicator, news about the stock or company, such as a earnings release or other event, could move the stock against the recent trend. Price changes are usually the best indicator of sentiment for a particular stock. Basically, a stock’s trend indicates whether the current market sentiment is bullish or bearish. Investors should be bullish if a stock is trending higher and bearish if a stock is falling.
Investors ObserverThe s sentiment indicator takes into account both price changes and volume changes. An increase in volume usually means that a current trend is strengthening, while a decrease in volume tends to signal a reversal of the current trend. Our system also uses the options market to receive additional signals on current sentiment. We take into account the ratio of the call and put options of a stock since options allow an investor to bet on the future evolution of the price.
What is going on with AN Stock today?
AutoNation, Inc. (AN) stock is up 2.53% while the S&P 500 is down -0.6% at 12:52 p.m. on Friday, September 17. AN gained $ 2.97 from the previous closing price of $ 117.25 on a volume of 1,631,379 shares. . Over the past year, the S&P 500 has risen 31.36% while AN has gained 118.66%. AN has earned $ 11.46 per share over the past 12 months, giving it a price / earnings ratio of 10.48.
Learn more about AutoNation, Inc.
AutoNation is the largest auto dealership in the United States, with 2020 revenue of $ 20.4 billion and approximately 230 dealerships and over 300 locations, including collision centers. The company also has six AutoNation USA used vehicle stores, four auction sites and 74 collision centers in 16 states, primarily in the Sunbelt metropolitan areas. New vehicle sales represent around 51% of turnover; the company also sells used vehicles, parts and repair services, and auto financing. The company (formerly Republic Industries) separated its waste management unit (Republic Services) in 1999 and its car rental business (ANC Rental) in 2000. Wayne Huizenga founded the company in the 1990s to bring the Automotive retail rollup acquisition strategy, which turned out to be a smart move. Click here for the full inventory report for AutoNation, Inc.’s inventory.