FY2024 EPS Estimates for AutoNation Decreased by Analyst

AutoNation, Inc. (NYSE:AN) – Seaport Res Ptn cut their FY2024 earnings per share (EPS) estimates for shares of AutoNation in a research note issued to investors on Thursday, November 21st. Seaport Res Ptn analyst G. Chin now forecasts that the company will post earnings per share of $16.62 for the year, down from their previous estimate of $17.04. The consensus estimate for AutoNation’s current full-year earnings is $16.80 per share. Seaport Res Ptn also issued estimates for AutoNation’s Q4 2024 earnings at $4.11 EPS and FY2025 earnings at $17.01 EPS.

Other equities analysts have also recently issued research reports about the stock. Guggenheim dropped their price objective on shares of AutoNation from $190.00 to $189.00 and set a “buy” rating for the company in a research note on Thursday. Wells Fargo & Company dropped their price target on shares of AutoNation from $187.00 to $181.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 15th. Morgan Stanley upgraded shares of AutoNation from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $145.00 to $200.00 in a research note on Wednesday, September 25th. Bank of America lowered their price objective on AutoNation from $220.00 to $215.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Finally, Stephens started coverage on AutoNation in a research report on Thursday, September 12th. They set an “overweight” rating and a $210.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, AutoNation currently has a consensus rating of “Moderate Buy” and a consensus price target of $199.29.

AutoNation Stock Performance

Shares of NYSE AN opened at $172.46 on Monday. AutoNation has a one year low of $130.35 and a one year high of $197.18. The company has a current ratio of 0.80, a quick ratio of 0.20 and a debt-to-equity ratio of 1.58. The business has a fifty day simple moving average of $167.39 and a 200 day simple moving average of $168.45. The firm has a market capitalization of $6.84 billion, a price-to-earnings ratio of 9.95, a PEG ratio of 3.55 and a beta of 1.21.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of AN. GAMMA Investing LLC raised its holdings in shares of AutoNation by 90.6% in the second quarter. GAMMA Investing LLC now owns 202 shares of the company’s stock valued at $32,000 after buying an additional 96 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of AutoNation during the second quarter worth approximately $37,000. Venturi Wealth Management LLC grew its stake in shares of AutoNation by 403.6% during the third quarter. Venturi Wealth Management LLC now owns 282 shares of the company’s stock valued at $50,000 after purchasing an additional 226 shares during the last quarter. Quarry LP grew its stake in shares of AutoNation by 498.5% during the second quarter. Quarry LP now owns 407 shares of the company’s stock valued at $65,000 after purchasing an additional 339 shares during the last quarter. Finally, Mather Group LLC. acquired a new stake in shares of AutoNation in the second quarter valued at approximately $103,000. Institutional investors own 94.62% of the company’s stock.

About AutoNation

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.