AutoNation price target raised to $181 from $169 at Guggenheim

Guggenheim analyst Jonathan Elias raised the firm’s price target on AutoNation to $181 from $169 and keeps a Buy rating on the shares after the company reported Q4 earnings "well above Street expectations." The firm believes shares will start to re-rate higher with line of sight for earnings growth to resume in late 2024 to 2025 and EPS set to "remain well above $20+ near term," the analyst tells investors.