AutoNation, Inc. (NYSE:AN) – Analysts at Jefferies Group decreased their FY2017 earnings per share (EPS) estimates for AutoNation in a research note issued on Wednesday. Jefferies Group analyst B. Jordan now forecasts that the company will earn $3.48 per share for the year, down from their prior estimate of $3.97. Jefferies Group currently has a “Hold” rating and a $49.00 target price on the stock.
AutoNation (NYSE:AN) last issued its earnings results on Wednesday, August 2nd. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.98 by $0.12. The company had revenue of $5.28 billion for the quarter, compared to analysts’ expectations of $5.56 billion. AutoNation had a net margin of 1.90% and a return on equity of 16.71%. The company’s revenue was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.08 earnings per share.
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AN has been the subject of a number of other research reports. Morgan Stanley lowered their price target on AutoNation from $57.00 to $53.00 and set an “overweight” rating for the company in a report on Friday, June 9th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $45.00 price target (down from $48.50) on shares of AutoNation in a research report on Monday, July 17th. Deutsche Bank AG reduced their price target on AutoNation from $46.00 to $43.00 and set a “hold” rating on the stock in a research report on Thursday, August 3rd. ValuEngine downgraded AutoNation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Buckingham Research reduced their price target on AutoNation from $44.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $46.20.
Shares of AutoNation (NYSE:AN) opened at 40.34 on Monday. The company’s 50-day moving average price is $41.66 and its 200 day moving average price is $43.46. AutoNation has a one year low of $38.20 and a one year high of $53.74. The stock has a market capitalization of $4.03 billion, a PE ratio of 10.04 and a beta of 1.24.
Several large investors have recently bought and sold shares of AN. Nordea Investment Management AB raised its stake in AutoNation by 43.8% in the first quarter. Nordea Investment Management AB now owns 3,285 shares of the company’s stock valued at $139,000 after buying an additional 1,000 shares during the last quarter. DekaBank Deutsche Girozentrale raised its stake in AutoNation by 178.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 4,454 shares of the company’s stock valued at $198,000 after buying an additional 2,854 shares during the last quarter. Contravisory Investment Management Inc. purchased a new stake in AutoNation during the first quarter valued at about $205,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in AutoNation during the first quarter valued at about $206,000. Finally, Achmea Investment Management B.V. purchased a new stake in AutoNation during the first quarter valued at about $209,000. 65.97% of the stock is currently owned by institutional investors and hedge funds.
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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