Research Analysts Offer Predictions for AutoNation, Inc.’s FY2018 Earnings (AN)
AutoNation, Inc. (NYSE:AN) – Stock analysts at Northcoast Research dropped their FY2018 EPS estimates for shares of AutoNation in a note issued to investors on Thursday. Northcoast Research analyst J. Healy now anticipates that the company will post earnings per share of $4.05 for the year, down from their prior estimate of $4.18. Northcoast Research currently has a “Buy” rating and a $51.00 target price on the stock.
AutoNation (NYSE:AN) last issued its quarterly earnings data 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 firm had revenue of $5.28 billion during the quarter, compared to analyst estimates of $5.56 billion. During the same period in the previous year, the firm posted $1.08 earnings per share. The company’s quarterly revenue was down 3.0% compared to the same quarter last year.
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A number of other analysts also recently commented on AN. Deutsche Bank AG restated a “hold” rating and set a $50.00 price objective (down from $52.00) on shares of AutoNation in a report on Saturday, April 29th. ValuEngine downgraded AutoNation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Morgan Stanley dropped their price objective on AutoNation from $57.00 to $53.00 and set an “overweight” rating for the company in a report on Friday, June 9th. BidaskClub upgraded AutoNation from a “strong sell” rating to a “sell” rating in a report on Thursday, June 29th. Finally, Jefferies Group LLC restated a “hold” rating and set a $49.00 price objective on shares of AutoNation in a report on Thursday, July 6th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $46.20.
Shares of AutoNation (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 stock has a 50 day moving average price of $41.66 and a 200-day moving average price of $43.46. The firm has a market capitalization of $3.97 billion, a PE ratio of 9.89 and a beta of 1.24.
A number of hedge funds have recently made changes to their positions in AN. Invictus RG increased its stake in shares of AutoNation by 58.2% in the first quarter. Invictus RG now owns 4,981 shares of the company’s stock valued at $211,000 after buying an additional 1,833 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of AutoNation by 78.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 30,345 shares of the company’s stock valued at $1,244,000 after buying an additional 13,371 shares in the last quarter. Clinton Group Inc. bought a new stake in shares of AutoNation during the first quarter valued at about $2,065,000. Dynamic Capital Management Ltd bought a new stake in shares of AutoNation during the first quarter valued at about $581,000. Finally, Telemus Capital LLC increased its stake in shares of AutoNation by 4.7% in the first quarter. Telemus Capital LLC now owns 63,280 shares of the company’s stock valued at $2,676,000 after buying an additional 2,860 shares in the last quarter. Hedge funds and other institutional investors own 65.97% of the company’s stock.
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.
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