Seaport Res Ptn Estimates AutoNation’s Q3 Earnings (NYSE:AN)

AutoNation, Inc. (NYSE:AN) – Equities research analysts at Seaport Res Ptn dropped their Q3 2024 earnings per share estimates for shares of AutoNation in a research note issued on Sunday, October 20th. Seaport Res Ptn analyst G. Chin now forecasts that the company will post earnings of $4.29 per share for the quarter, down from their previous forecast of $4.56. The consensus estimate for AutoNation’s current full-year earnings is $17.57 per share. Seaport Res Ptn also issued estimates for AutoNation’s Q4 2024 earnings at $4.26 EPS and FY2024 earnings at $17.04 EPS.

Other equities analysts have also issued reports about the company. Morgan Stanley raised AutoNation from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $145.00 to $200.00 in a report on Wednesday, September 25th. Wells Fargo & Company lowered their price objective on AutoNation from $187.00 to $181.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 15th. JPMorgan Chase & Co. boosted their price target on shares of AutoNation from $160.00 to $190.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Bank of America dropped their price objective on shares of AutoNation from $220.00 to $215.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Finally, Stephens began coverage on shares of AutoNation in a research note on Thursday, September 12th. They set an “overweight” rating and a $210.00 target price for the company. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $200.38.

AutoNation Trading Up 0.1 %

NYSE AN opened at $162.00 on Wednesday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.21 and a current ratio of 0.78. AutoNation has a one year low of $123.81 and a one year high of $197.18. The company has a 50-day simple moving average of $171.07 and a 200-day simple moving average of $167.76. The firm has a market capitalization of $6.43 billion, a PE ratio of 8.87, a price-to-earnings-growth ratio of 3.38 and a beta of 1.19.

AutoNation (NYSE:AN) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $3.99 earnings per share for the quarter, missing analysts’ consensus estimates of $4.31 by ($0.32). The firm had revenue of $6.48 billion during the quarter, compared to the consensus estimate of $6.72 billion. AutoNation had a net margin of 2.93% and a return on equity of 36.50%. AutoNation’s revenue was down 5.9% compared to the same quarter last year. During the same quarter last year, the firm posted $6.29 earnings per share.

Insider Buying and Selling

In related news, major shareholder Edward S. Lampert sold 53,562 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $193.45, for a total transaction of $10,361,568.90. Following the completion of the transaction, the insider now owns 3,825,838 shares of the company’s stock, valued at $740,108,361.10. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, major shareholder Edward S. Lampert sold 500 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $182.06, for a total transaction of $91,030.00. Following the completion of the sale, the insider now owns 3,825,338 shares in the company, valued at approximately $696,441,036.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Edward S. Lampert sold 53,562 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $193.45, for a total value of $10,361,568.90. Following the sale, the insider now directly owns 3,825,838 shares of the company’s stock, valued at approximately $740,108,361.10. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 93,256 shares of company stock valued at $17,641,954 over the last quarter. Corporate insiders own 0.74% of the company’s stock.

Hedge Funds Weigh In On AutoNation

Several institutional investors and hedge funds have recently added to or reduced their stakes in AN. Boston Partners purchased a new stake in AutoNation in the 1st quarter worth approximately $170,270,000. WINTON GROUP Ltd acquired a new position in shares of AutoNation in the second quarter worth $15,832,000. Lodge Hill Capital LLC purchased a new stake in shares of AutoNation during the second quarter worth $15,141,000. International Assets Investment Management LLC acquired a new stake in AutoNation during the third quarter valued at $131,250,000. Finally, Cubist Systematic Strategies LLC grew its stake in AutoNation by 4,275.6% in the second quarter. Cubist Systematic Strategies LLC now owns 50,107 shares of the company’s stock valued at $7,986,000 after purchasing an additional 51,307 shares in the last quarter. 94.62% of the stock is currently owned by hedge funds and other institutional investors.

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.