FY2024 EPS Estimates for AutoNation Decreased by Analyst

AutoNation, Inc. (NYSE:AN - Free Report) - Stock analysts at Zacks Research decreased their FY2024 earnings estimates for shares of AutoNation in a research report issued to clients and investors on Wednesday, December 4th. Zacks Research analyst R. Department now forecasts that the company will earn $16.67 per share for the year, down from their previous estimate of $16.87. The consensus estimate for AutoNation's current full-year earnings is $16.74 per share. Zacks Research also issued estimates for AutoNation's Q4 2024 earnings at $4.17 EPS, Q1 2025 earnings at $4.07 EPS, Q2 2025 earnings at $4.55 EPS, Q3 2025 earnings at $5.06 EPS, Q4 2025 earnings at $4.55 EPS, FY2025 earnings at $18.22 EPS, Q1 2026 earnings at $5.47 EPS and FY2026 earnings at $20.43 EPS.

Several other brokerages have also issued reports on AN. Wells Fargo & Company reduced their price objective on shares of AutoNation from $187.00 to $181.00 and set an "equal weight" rating on the stock in a report on Tuesday, October 15th. Guggenheim reduced their price target on AutoNation from $190.00 to $189.00 and set a "buy" rating on the stock in a research report on Thursday, November 21st. Stephens initiated coverage on shares of AutoNation in a research report on Thursday, September 12th. They set an "overweight" rating and a $210.00 price objective for the company. Bank of America dropped their price target on shares of AutoNation from $220.00 to $215.00 and set a "buy" rating on the stock in a research note on Monday, October 14th. Finally, Morgan Stanley upgraded AutoNation from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $145.00 to $200.00 in a research report on Wednesday, September 25th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $199.29.

AutoNation Trading Up 0.2 %

AN stock traded up $0.36 during midday trading on Friday, hitting $177.90. 464,508 shares of the company's stock were exchanged, compared to its average volume of 434,945. AutoNation has a 1-year low of $133.01 and a 1-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 stock has a market capitalization of $7.05 billion, a PE ratio of 10.24, a P/E/G ratio of 3.78 and a beta of 1.24. The business has a 50-day simple moving average of $168.34 and a two-hundred day simple moving average of $169.14.

Institutional Investors Weigh In On AutoNation

Institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC raised its stake in shares of AutoNation by 90.6% during the second quarter. GAMMA Investing LLC now owns 202 shares of the company's stock valued at $32,000 after purchasing an additional 96 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of AutoNation in the second quarter worth about $37,000. Venturi Wealth Management LLC raised its stake in AutoNation by 403.6% during the 3rd 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 period. Quarry LP boosted its position in shares of AutoNation by 498.5% in the second quarter. Quarry LP now owns 407 shares of the company's stock worth $65,000 after buying an additional 339 shares during the period. Finally, Mather Group LLC. purchased a new position in shares of AutoNation during the second quarter valued at $103,000. Institutional investors and hedge funds 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.