AutoNation price target raised to $200 from $195 at Stephens

Stephens raised the firm’s price target on AutoNation (AN) to $200 from $195 and keeps an Equal Weight rating on the shares. Q4 earnings from AutoNation continue “a run of impressive results for the public 6 reporters,” the analyst tells investors. AutoNation expects new unit growth, new margins normalizing above historical levels, and modest used unit volume increases, notes the analyst, who says the firm’s target is based on 8.25 times its 2025 EBITDA estimate.