FY2024 EPS Estimates for AutoNation Cut by Seaport Res Ptn

AutoNation, Inc. (NYSE:AN - Free Report) - Stock analysts at Seaport Res Ptn dropped their FY2024 EPS estimates for AutoNation in a research report issued 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 $16.74 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.

A number of other analysts have also weighed in on the stock. Guggenheim reduced 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. Morgan Stanley raised AutoNation from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $145.00 to $200.00 in a research note on Wednesday, September 25th. Wells Fargo & Company reduced their target price on shares of AutoNation from $187.00 to $181.00 and set an "equal weight" rating on the stock in a research note on Tuesday, October 15th. Bank of America dropped 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, JPMorgan Chase & Co. dropped their price objective on AutoNation from $190.00 to $180.00 and set a "neutral" rating on the stock in a research report on Tuesday, November 5th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, AutoNation currently has an average rating of "Moderate Buy" and a consensus price target of $199.29.

AutoNation Price Performance

NYSE:AN traded up $7.11 during trading hours on Monday, hitting $179.57. 1,730,022 shares of the company's stock traded hands, compared to its average volume of 435,209. The business's fifty day simple moving average is $167.39 and its two-hundred day simple moving average is $168.45. The firm has a market cap of $7.12 billion, a P/E ratio of 10.36, a P/E/G ratio of 3.62 and a beta of 1.21. AutoNation has a 52 week low of $130.35 and a 52 week high of $197.18. The company has a quick ratio of 0.20, a current ratio of 0.80 and a debt-to-equity ratio of 1.58.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Boston Partners purchased a new position in shares of AutoNation during the first quarter worth approximately $170,270,000. Simcoe Capital Management LLC bought a new position in shares of AutoNation during the third quarter valued at $42,255,000. Holocene Advisors LP purchased a new stake in AutoNation during the 3rd quarter valued at $20,046,000. WINTON GROUP Ltd bought a new position in AutoNation during the second quarter valued at approximately $15,832,000. Finally, Verition Fund Management LLC increased its position in shares of AutoNation by 739.9% during the 3rd quarter. Verition Fund Management LLC now owns 109,040 shares of the company's stock valued at $19,509,000 after purchasing an additional 96,058 shares during the last quarter. 94.62% of the stock is currently owned by institutional investors and hedge funds.

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.