AutoNation, Inc. (NYSE:AN – Get Free Report) shares reached a new 52-week high on Wednesday . Morgan Stanley reaffirmed an “overweight” rating and set a $240.00 target price on shares of AutoNation in a report on Thursday, May 7th. According to MarketBeat, AutoNation has a consensus rating of “Moderate Buy” and an average target price of $246.18. Institutional investors and hedge funds own 94.62% of the company’s stock. AutoNation Company Profile(Get Free Report)AutoNation, Inc is the largest automotive retailer in the United States, operating a network of franchised new vehicle dealerships, pre-owned vehicle superstores and collision-repair centers.