AutoNation, Inc. (NYSE:AN) – Stock analysts at SunTrust Banks raised their Q2 2019 EPS estimates for AutoNation in a research note issued on Monday, April 29th, according to Zacks Investment Research. SunTrust Banks analyst S. Benjamin now forecasts that the company will earn $1.06 per share for the quarter, up from their prior forecast of $1.05. SunTrust Banks has a “Hold” rating and a $43.00 price objective on the stock. SunTrust Banks also issued estimates for AutoNation’s FY2019 earnings at $4.28 EPS and FY2020 earnings at $4.52 EPS.
Several other research analysts also recently commented on the stock. ValuEngine upgraded shares of AutoNation from a “strong sell” rating to a “sell” rating in a research report on Friday, April 26th. Jefferies Financial Group restated a “hold” rating and set a $41.00 price objective on shares of AutoNation in a research report on Sunday, February 24th. Seaport Global Securities began coverage on shares of AutoNation in a research report on Wednesday, February 13th. They set a “neutral” rating and a $38.06 price objective for the company. Bank of America restated a “buy” rating and set a $55.00 price objective (down from $59.00) on shares of AutoNation in a research report on Tuesday, February 26th. Finally, JPMorgan Chase & Co. began coverage on shares of AutoNation in a research report on Tuesday, February 19th. They set an “underweight” rating and a $40.00 price objective for the company. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. AutoNation presently has an average rating of “Hold” and a consensus price target of $41.01.
Shares of NYSE AN traded up $0.61 during midday trading on Thursday, reaching $39.70. The company’s stock had a trading volume of 504,600 shares, compared to its average volume of 884,060. The company has a current ratio of 0.82, a quick ratio of 0.18 and a debt-to-equity ratio of 0.57. AutoNation has a fifty-two week low of $32.83 and a fifty-two week high of $51.99. The company has a market cap of $3.52 billion, a price-to-earnings ratio of 8.84, a PEG ratio of 3.66 and a beta of 1.12.
AutoNation (NYSE:AN) last released its quarterly earnings results on Friday, April 26th. The company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.13. AutoNation had a net margin of 1.87% and a return on equity of 15.48%. The company had revenue of $4.98 billion during the quarter, compared to the consensus estimate of $5.21 billion. During the same period in the previous year, the business earned $1.01 earnings per share. The firm’s quarterly revenue was down 5.3% on a year-over-year basis.
In related news, Director David B. Edelson purchased 1,150 shares of the stock in a transaction dated Monday, February 25th. The stock was bought at an average cost of $36.06 per share, for a total transaction of $41,469.00. Following the completion of the acquisition, the director now owns 37,030 shares of the company’s stock, valued at $1,335,301.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Christopher Cade sold 2,555 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $42.40, for a total transaction of $108,332.00. Following the transaction, the chief accounting officer now owns 796 shares of the company’s stock, valued at $33,750.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,589 shares of company stock valued at $350,922. Company insiders own 2.40% of the company’s stock.
Several large investors have recently made changes to their positions in AN. Retirement Systems of Alabama grew its stake in shares of AutoNation by 0.4% in the fourth quarter. Retirement Systems of Alabama now owns 74,620 shares of the company’s stock worth $2,664,000 after purchasing an additional 295 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of AutoNation by 67.8% in the fourth quarter. Bessemer Group Inc. now owns 881 shares of the company’s stock worth $31,000 after purchasing an additional 356 shares during the last quarter. American International Group Inc. grew its stake in shares of AutoNation by 0.3% in the fourth quarter. American International Group Inc. now owns 117,270 shares of the company’s stock worth $4,187,000 after purchasing an additional 393 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of AutoNation by 2.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 14,609 shares of the company’s stock worth $522,000 after purchasing an additional 397 shares during the last quarter. Finally, Federated Investors Inc. PA grew its stake in shares of AutoNation by 1.8% in the third quarter. Federated Investors Inc. PA now owns 23,597 shares of the company’s stock worth $980,000 after purchasing an additional 414 shares during the last quarter. Institutional investors own 63.81% 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.
Featured Story: What economic reports are most valuable to investors?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for AutoNation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AutoNation and related companies with MarketBeat.com's FREE daily email newsletter.