Analysts Offer Predictions for AutoNation, Inc.’s FY2018 Earnings (NYSE:AN)
AutoNation, Inc. (NYSE:AN) – Equities researchers at Northcoast Research reduced their FY2018 EPS estimates for shares of AutoNation in a research report issued 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 forecast of $4.18. Northcoast Research currently has a “Buy” rating and a $51.00 price objective on the stock.
AutoNation (NYSE:AN) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.86 EPS for the quarter, missing the 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 business had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.56 billion. During the same quarter in the prior year, the firm posted $1.08 EPS. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. ILLEGAL ACTIVITY NOTICE: This piece of content was published by Daily Political and is the sole property of of Daily Political. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States and international copyright laws. The correct version of this piece of content can be read at https://www.dailypolitical.com/2017/08/08/analysts-offer-predictions-for-autonation-inc-s-fy2018-earnings-nysean.html.
Other analysts have also recently issued research reports about the stock. ValuEngine cut shares of AutoNation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Deutsche Bank AG reissued a “hold” rating and set a $50.00 price target (down previously from $52.00) on shares of AutoNation in a research report on Saturday, April 29th. Jefferies Group LLC reissued a “hold” rating and set a $49.00 price target on shares of AutoNation in a research report on Thursday, July 6th. Wells Fargo & Company reissued a “market perform” rating and set a $45.00 price target (down previously from $48.50) on shares of AutoNation in a research report on Monday, July 17th. Finally, Buckingham Research reduced their price target on shares of AutoNation from $44.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, August 3rd. 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 stock. AutoNation has an average rating of “Hold” and a consensus target price of $46.20.
AutoNation (NYSE AN) traded up 0.35% during midday trading on Monday, hitting $40.48. 874,354 shares of the stock traded hands. AutoNation has a 12-month low of $38.20 and a 12-month high of $53.74. The company’s 50-day moving average is $41.66 and its 200 day moving average is $43.46. The firm has a market cap of $4.05 billion, a P/E ratio of 10.08 and a beta of 1.24.
A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in AutoNation by 3.6% in the first quarter. Vanguard Group Inc. now owns 6,638,114 shares of the company’s stock worth $280,727,000 after buying an additional 229,169 shares during the last quarter. Harris Associates L P boosted its stake in AutoNation by 324.0% in the first quarter. Harris Associates L P now owns 5,038,530 shares of the company’s stock worth $213,079,000 after buying an additional 3,850,104 shares during the last quarter. BlackRock Inc. boosted its stake in AutoNation by 2,957.8% in the first quarter. BlackRock Inc. now owns 4,175,382 shares of the company’s stock worth $176,578,000 after buying an additional 4,038,834 shares during the last quarter. State Street Corp boosted its stake in AutoNation by 2.5% in the first quarter. State Street Corp now owns 3,279,144 shares of the company’s stock worth $138,665,000 after buying an additional 79,834 shares during the last quarter. Finally, Artisan Partners Limited Partnership boosted its stake in AutoNation by 7.4% in the first quarter. Artisan Partners Limited Partnership now owns 2,936,019 shares of the company’s stock worth $124,164,000 after buying an additional 202,917 shares during the last quarter. 65.97% of the stock is currently owned by hedge funds and other institutional investors.
AutoNation Company Profile
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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