AutoNation, Inc. (NYSE:AN) – Equities research analysts at Gabelli decreased their FY2017 earnings estimates for shares of AutoNation in a research note issued on Thursday. Gabelli analyst B. Sponheimer now forecasts that the company will post earnings per share of $3.50 for the year, down from their prior forecast of $3.95. Gabelli also issued estimates for AutoNation’s FY2019 earnings at $4.70 EPS, FY2020 earnings at $5.35 EPS and FY2021 earnings at $5.95 EPS.

Several other research analysts have also recently issued reports on the stock. BidaskClub cut shares of AutoNation from a “sell” rating to a “strong sell” rating in a report on Saturday. Deutsche Bank AG decreased their price objective on shares of AutoNation from $46.00 to $43.00 and set a “hold” rating for the company in a report on Thursday. Buckingham Research decreased their price objective on shares of AutoNation from $44.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday. Wells Fargo & Company reissued a “market perform” rating and set a $45.00 price objective (down from $48.50) on shares of AutoNation in a report on Monday, July 17th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $49.00 price objective on shares of AutoNation in a report on Thursday, July 6th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $46.20.

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AutoNation (NYSE AN) opened at 39.70 on Monday. AutoNation has a 52-week low of $38.20 and a 52-week high of $53.74. The company has a market capitalization of $3.97 billion, a P/E ratio of 9.89 and a beta of 1.24. The stock’s 50 day moving average is $41.66 and its 200-day moving average is $43.46.

AutoNation (NYSE:AN) last released its earnings results on Wednesday, August 2nd. The company reported $0.86 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.98 by $0.12. AutoNation had a net margin of 1.90% and a return on equity of 16.71%. The company had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.56 billion. During the same period in the prior year, the company earned $1.08 earnings per share. The firm’s revenue was down 3.0% on a year-over-year basis.

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of AutoNation by 3.6% in the first quarter. Vanguard Group Inc. now owns 6,638,114 shares of the company’s stock valued at $280,727,000 after buying an additional 229,169 shares during the period. Harris Associates L P raised its stake in shares of AutoNation by 324.0% in the first quarter. Harris Associates L P now owns 5,038,530 shares of the company’s stock valued at $213,079,000 after buying an additional 3,850,104 shares during the period. BlackRock Inc. raised its stake in shares of AutoNation by 2,957.8% in the first quarter. BlackRock Inc. now owns 4,175,382 shares of the company’s stock valued at $176,578,000 after buying an additional 4,038,834 shares during the period. State Street Corp raised its stake in shares of AutoNation by 2.5% in the first quarter. State Street Corp now owns 3,279,144 shares of the company’s stock valued at $138,665,000 after buying an additional 79,834 shares during the period. Finally, Artisan Partners Limited Partnership raised its stake in shares of AutoNation by 7.4% in the first quarter. Artisan Partners Limited Partnership now owns 2,936,019 shares of the company’s stock valued at $124,164,000 after buying an additional 202,917 shares during the period. Institutional investors own 65.97% of the company’s stock.

About AutoNation

AutoNation, Inc (AutoNation) is an automotive retailer in the United States. The Company offers a range of automotive products and services, including new vehicles, used vehicles, parts and service, which includes automotive repair and maintenance services, as well as wholesale parts and collision businesses, and automotive finance and insurance products, including vehicle service and other protection products, as well as the arranging of financing for vehicle purchases through third-party finance sources.

Earnings History and Estimates for AutoNation (NYSE:AN)

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