Q3 EPS Estimates for AutoNation Decreased by Seaport Res Ptn

AutoNation, Inc. (NYSE:AN) – Equities research analysts at Seaport Res Ptn reduced their Q3 2024 EPS estimates for shares of AutoNation in a research note issued to investors on Sunday, October 20th. Seaport Res Ptn analyst G. Chin now expects that the company will post earnings of $4.29 per share for the quarter, down from their previous estimate of $4.56. The consensus estimate for AutoNation’s current full-year earnings is $17.57 per share. Seaport Res Ptn also issued estimates for AutoNation’s Q4 2024 earnings at $4.26 EPS and FY2024 earnings at $17.04 EPS.

AN has been the subject of several other research reports. Stephens began coverage on shares of AutoNation in a research report on Thursday, September 12th. They issued an “overweight” rating and a $210.00 price target for the company. Bank of America decreased their price target on AutoNation from $220.00 to $215.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. JPMorgan Chase & Co. increased their price objective on AutoNation from $160.00 to $190.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th. Morgan Stanley raised shares of AutoNation from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $145.00 to $200.00 in a report on Wednesday, September 25th. Finally, Wells Fargo & Company cut their price target on shares of AutoNation from $187.00 to $181.00 and set an “equal weight” rating for the company in a report on Tuesday, October 15th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $200.38.

AutoNation Stock Up 0.1 %

AN opened at $162.00 on Wednesday. The company has a market capitalization of $6.43 billion, a P/E ratio of 8.87, a P/E/G ratio of 3.38 and a beta of 1.19. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.78 and a quick ratio of 0.21. The firm’s fifty day moving average price is $171.07 and its two-hundred day moving average price is $167.76. AutoNation has a fifty-two week low of $123.81 and a fifty-two week high of $197.18.

AutoNation (NYSE:AN) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $3.99 EPS for the quarter, missing the consensus estimate of $4.31 by ($0.32). The firm had revenue of $6.48 billion during the quarter, compared to analyst estimates of $6.72 billion. AutoNation had a net margin of 2.93% and a return on equity of 36.50%. The company’s revenue was down 5.9% on a year-over-year basis. During the same period last year, the company earned $6.29 EPS.

Insiders Place Their Bets

In other AutoNation news, major shareholder Edward S. Lampert sold 500 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $182.06, for a total transaction of $91,030.00. Following the transaction, the insider now owns 3,825,338 shares of the company’s stock, valued at approximately $696,441,036.28. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, major shareholder Edward S. Lampert sold 500 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $182.06, for a total value of $91,030.00. Following the transaction, the insider now owns 3,825,338 shares of the company’s stock, valued at approximately $696,441,036.28. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Edward S. Lampert sold 53,562 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $193.45, for a total transaction of $10,361,568.90. Following the sale, the insider now directly owns 3,825,838 shares of the company’s stock, valued at approximately $740,108,361.10. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 93,256 shares of company stock valued at $17,641,954. Insiders own 0.74% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC raised its holdings in AutoNation by 90.6% in the second quarter. GAMMA Investing LLC now owns 202 shares of the company’s stock worth $32,000 after purchasing an additional 96 shares during the period. Riverview Trust Co bought a new position in AutoNation during the first quarter worth about $33,000. Ashton Thomas Private Wealth LLC acquired a new position in AutoNation in the second quarter valued at about $37,000. Denali Advisors LLC grew its stake in AutoNation by 79.7% in the first quarter. Denali Advisors LLC now owns 248 shares of the company’s stock valued at $41,000 after acquiring an additional 110 shares during the period. Finally, Headlands Technologies LLC bought a new stake in shares of AutoNation in the first quarter worth about $57,000. 94.62% of the stock is currently owned by institutional investors.

AutoNation Company Profile

AutoNation, Inc, through its subsidiaries, operates as an automotive retailer in the United States. The company operates through three segments: Domestic, Import, and Premium Luxury. It offers a range of automotive products and services, including new and used vehicles; and parts and services, such as automotive repair and maintenance, and wholesale parts and collision services.