AutoNation FY2024 EPS Forecast Decreased by Seaport Res Ptn

AutoNation, Inc. (NYSE:AN) – Stock analysts at Seaport Res Ptn reduced their FY2024 EPS estimates for shares of AutoNation in a research report issued on Thursday, November 21st. Seaport Res Ptn analyst G. Chin now expects that the company will post earnings of $16.62 per share 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.

Several other research firms have also weighed in on AN. JPMorgan Chase & Co. cut their target price on AutoNation from $190.00 to $180.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Guggenheim reduced their price objective on shares of AutoNation from $190.00 to $189.00 and set a “buy” rating on the stock in a research note on Thursday, November 21st. Morgan Stanley raised shares of 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. Stephens initiated coverage on shares of AutoNation in a research note on Thursday, September 12th. They set an “overweight” rating and a $210.00 price objective on the stock. Finally, 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 research note on Tuesday, October 15th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $199.29.

AutoNation Stock Up 0.0 %

Shares of AutoNation stock opened at $179.63 on Monday. The business has a fifty day simple moving average of $167.63 and a 200 day simple moving average of $168.54. The stock has a market cap of $7.12 billion, a PE ratio of 10.36, a price-to-earnings-growth ratio of 3.62 and a beta of 1.21. The company has a quick ratio of 0.20, a current ratio of 0.80 and a debt-to-equity ratio of 1.58. AutoNation has a 12 month low of $130.35 and a 12 month high of $197.18.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its stake in 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 in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of AutoNation in the second quarter valued at approximately $37,000. Venturi Wealth Management LLC raised its holdings in shares of AutoNation by 403.6% in 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 raised its holdings in shares of AutoNation by 498.5% in 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.

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.