AutoNation, Inc. (NYSE:AN) – Stock analysts at Northcoast Research cut their FY2018 EPS estimates for AutoNation in a report released on Thursday. Northcoast Research analyst J. Healy now forecasts that the company will post earnings per share of $4.05 for the year, down from their previous estimate of $4.18. Northcoast Research has a “Buy” rating and a $51.00 price objective on the stock.
AutoNation (NYSE:AN) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by $0.12. AutoNation had a net margin of 1.90% and a return on equity of 16.71%. The business had revenue of $5.28 billion during the quarter, compared to analysts’ expectations of $5.56 billion. During the same quarter in the prior year, the firm posted $1.08 earnings per share. The firm’s quarterly revenue was down 3.0% on a year-over-year basis.
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Other research analysts also recently issued reports about the stock. ValuEngine downgraded shares of AutoNation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Deutsche Bank AG reiterated a “hold” rating and issued a $50.00 price target (down from $52.00) on shares of AutoNation in a research report on Saturday, April 29th. Jefferies Group LLC reiterated a “hold” rating and issued a $49.00 price target on shares of AutoNation in a research report on Thursday, July 6th. Wells Fargo & Company reiterated a “market perform” rating and issued a $45.00 price target (down from $48.50) on shares of AutoNation in a research report on Monday, July 17th. Finally, Buckingham Research decreased their price target on shares of AutoNation from $44.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $46.20.
AutoNation (NYSE:AN) traded up 0.35% on Monday, reaching $40.48. 874,354 shares of the company were exchanged. AutoNation has a 12-month low of $38.20 and a 12-month high of $53.74. The firm has a 50-day moving average of $41.66 and a 200 day moving average of $43.46. The firm has a market capitalization of $4.05 billion, a P/E ratio of 10.08 and a beta of 1.24.
Several hedge funds have recently made changes to their positions in the company. Nordea Investment Management AB boosted its position in AutoNation by 43.8% in the first quarter. Nordea Investment Management AB now owns 3,285 shares of the company’s stock valued at $139,000 after buying an additional 1,000 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its position in AutoNation by 178.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 4,454 shares of the company’s stock valued at $198,000 after buying an additional 2,854 shares during the last quarter. Kentucky Retirement Systems bought a new position in AutoNation during the fourth quarter valued at $232,000. Contravisory Investment Management Inc. bought a new position in AutoNation during the first quarter valued at $205,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in AutoNation during the first quarter valued at $206,000. 65.97% of the stock is owned by hedge funds and other institutional investors.
AutoNation Company Profile
AutoNation, Inc (AutoNation) is an automotive retailer in the United States. The Company offers a range of automotive products and services, including new vehicles, used vehicles, parts and service, which includes automotive repair and maintenance services, as well as wholesale parts and collision businesses, and automotive finance and insurance products, including vehicle service and other protection products, as well as the arranging of financing for vehicle purchases through third-party finance sources.
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