AutoNation FY2024 EPS Forecast Lowered by Seaport Res Ptn

AutoNation, Inc. (NYSE:AN) – Equities researchers at Seaport Res Ptn reduced their FY2024 earnings per share estimates for AutoNation in a research note issued on Thursday, November 21st. Seaport Res Ptn analyst G. Chin now forecasts that the company will post earnings of $16.62 per share for the year, down from their prior forecast of $17.04. The consensus estimate for AutoNation’s current full-year earnings is $16.80 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.

Other research analysts have also recently issued reports about the stock. Bank of America decreased their target price on shares of AutoNation from $220.00 to $215.00 and set a “buy” rating for the company in a report on Monday, October 14th. Morgan Stanley upgraded 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 report on Wednesday, September 25th. Guggenheim reduced their target price on AutoNation from $190.00 to $189.00 and set a “buy” rating for the company in a report on Thursday. JPMorgan Chase & Co. lowered their price target on AutoNation from $190.00 to $180.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Finally, Stephens started coverage on AutoNation in a research note on Thursday, September 12th. They issued an “overweight” rating and a $210.00 price objective for the company. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $199.29.

AutoNation Trading Up 1.4 %

Shares of AN opened at $172.46 on Monday. The business’s 50-day moving average price is $167.39 and its 200 day moving average price is $168.45. The company has a current ratio of 0.80, a quick ratio of 0.20 and a debt-to-equity ratio of 1.58. The stock has a market capitalization of $6.84 billion, a P/E ratio of 9.95, a P/E/G ratio of 3.55 and a beta of 1.21. AutoNation has a 1-year low of $130.35 and a 1-year high of $197.18.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. McIlrath & Eck LLC lifted its stake in AutoNation by 16.4% in the third quarter. McIlrath & Eck LLC now owns 964 shares of the company’s stock valued at $172,000 after acquiring an additional 136 shares during the last quarter. TD Private Client Wealth LLC grew its holdings in AutoNation by 18.0% during the third quarter. TD Private Client Wealth LLC now owns 3,306 shares of the company’s stock valued at $592,000 after purchasing an additional 504 shares during the last quarter. Geode Capital Management LLC grew its holdings in AutoNation by 4.5% during the third quarter. Geode Capital Management LLC now owns 433,730 shares of the company’s stock valued at $77,623,000 after purchasing an additional 18,588 shares during the last quarter. M&T Bank Corp lifted its stake in shares of AutoNation by 6.7% in the third quarter. M&T Bank Corp now owns 6,076 shares of the company’s stock worth $1,087,000 after buying an additional 379 shares during the last quarter. Finally, Barclays PLC boosted its holdings in shares of AutoNation by 5.4% during the 3rd quarter. Barclays PLC now owns 43,987 shares of the company’s stock worth $7,870,000 after buying an additional 2,263 shares during the period. Hedge funds and other 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.