Brokers Set Expectations for AutoNation FY2024 Earnings

AutoNation, Inc. (NYSE:AN) – Research analysts at Zacks Research cut their FY2024 earnings per share estimates for AutoNation in a research note issued on Wednesday, December 4th. Zacks Research analyst R. Department now anticipates that the company will earn $16.67 per share for the year, down from their prior estimate of $16.87. The consensus estimate for AutoNation’s current full-year earnings is $16.74 per share. Zacks Research also issued estimates for AutoNation’s Q4 2024 earnings at $4.17 EPS, Q1 2025 earnings at $4.07 EPS, Q2 2025 earnings at $4.55 EPS, Q3 2025 earnings at $5.06 EPS, Q4 2025 earnings at $4.55 EPS, FY2025 earnings at $18.22 EPS, Q1 2026 earnings at $5.47 EPS and FY2026 earnings at $20.43 EPS.

AN has been the topic of several other reports. Wells Fargo & Company dropped their price objective 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 shares of AutoNation from $190.00 to $189.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. JPMorgan Chase & Co. lowered their price objective 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. Stephens began coverage on shares of AutoNation in a research report on Thursday, September 12th. They issued an “overweight” rating and a $210.00 target price for the company. Finally, Bank of America lowered their price target on AutoNation from $220.00 to $215.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, AutoNation presently has a consensus rating of “Moderate Buy” and a consensus target price of $199.29.

AutoNation Trading Up 0.3 %

Shares of NYSE AN opened at $178.00 on Friday. The firm’s 50 day moving average price is $168.25 and its 200-day moving average price is $169.19. AutoNation has a 52-week low of $133.01 and a 52-week high of $197.18. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.20 and a current ratio of 0.80. The company has a market cap of $7.06 billion, a PE ratio of 10.27, a P/E/G ratio of 3.78 and a beta of 1.24.

Institutional Investors Weigh In On AutoNation

Institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC lifted its holdings in shares of AutoNation by 90.6% in the second quarter. GAMMA Investing LLC now owns 202 shares of the company’s stock worth $32,000 after buying an additional 96 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in AutoNation in the 2nd quarter valued at $37,000. Venturi Wealth Management LLC lifted its stake in AutoNation by 403.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 282 shares of the company’s stock worth $50,000 after purchasing an additional 226 shares in the last quarter. Quarry LP boosted its holdings in shares of AutoNation by 498.5% during the 2nd quarter. Quarry LP now owns 407 shares of the company’s stock valued at $65,000 after purchasing an additional 339 shares during the last quarter. Finally, Mather Group LLC. purchased a new position in shares of AutoNation during the second quarter valued at about $103,000. 94.62% of the stock is 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.