Analysts Offer Predictions for AutoNation FY2024 Earnings

AutoNation, Inc. (NYSE:AN) – Stock analysts at Seaport Res Ptn reduced their FY2024 earnings per share (EPS) estimates for AutoNation in a report issued on Thursday, November 21st. Seaport Res Ptn analyst G. Chin now expects that the company will earn $16.62 per share for the year, down from their previous forecast of $17.04. The consensus estimate for AutoNation’s current full-year earnings is $16.74 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.

AN has been the topic of a number of other reports. JPMorgan Chase & Co. reduced their target price on shares of AutoNation from $190.00 to $180.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Morgan Stanley upgraded shares of AutoNation from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $145.00 to $200.00 in a report on Wednesday, September 25th. Wells Fargo & Company dropped their target price on AutoNation from $187.00 to $181.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 15th. Guggenheim reduced their price target on AutoNation from $190.00 to $189.00 and set a “buy” rating for the company in a report on Thursday, November 21st. Finally, Bank of America lowered their price objective on AutoNation from $220.00 to $215.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, AutoNation has an average rating of “Moderate Buy” and a consensus price target of $199.29.

AutoNation Stock Performance

AutoNation stock opened at $179.57 on Monday. The firm has a market capitalization of $7.12 billion, a PE ratio of 10.36, a price-to-earnings-growth ratio of 3.62 and a beta of 1.21. AutoNation has a one year low of $130.35 and a one year high of $197.18. The stock’s 50 day moving average price is $167.39 and its 200 day moving average price is $168.45. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.20 and a current ratio of 0.80.

Institutional Investors Weigh In On AutoNation

A number of institutional investors have recently made changes to their positions in AN. Boston Partners acquired a new position in AutoNation in the first quarter worth $170,270,000. Simcoe Capital Management LLC acquired a new position in shares of AutoNation in the 3rd quarter valued at about $42,255,000. Holocene Advisors LP bought a new stake in shares of AutoNation during the 3rd quarter valued at about $20,046,000. WINTON GROUP Ltd acquired a new stake in AutoNation during the second quarter worth about $15,832,000. Finally, Verition Fund Management LLC lifted its holdings in AutoNation by 739.9% in the third quarter. Verition Fund Management LLC now owns 109,040 shares of the company’s stock worth $19,509,000 after acquiring an additional 96,058 shares during the last quarter. 94.62% of the stock is currently owned by 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.