AutoNation FY2025 EPS Forecast Lowered by Seaport Res Ptn

AutoNation, Inc. (NYSE:AN) – Research analysts at Seaport Res Ptn cut their FY2025 EPS estimates for shares of AutoNation in a research report issued to clients and investors on Thursday, January 16th. Seaport Res Ptn analyst G. Chin now forecasts that the company will post earnings per share of $16.93 for the year, down from their prior forecast of $17.01. The consensus estimate for AutoNation’s current full-year earnings is $16.71 per share.

Several other brokerages have also recently commented on AN. Morgan Stanley upgraded shares of AutoNation from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $145.00 to $200.00 in a research note on Wednesday, September 25th. Bank of America decreased their price objective on shares of AutoNation from $220.00 to $215.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Guggenheim decreased their price objective 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. Wells Fargo & Company lifted their price objective on shares of AutoNation from $169.00 to $170.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 15th. Finally, JPMorgan Chase & Co. cut their target price on shares of AutoNation from $190.00 to $180.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, AutoNation has an average rating of “Moderate Buy” and a consensus target price of $197.71.

AutoNation Stock Performance

Shares of NYSE AN opened at $184.93 on Monday. The company has a current ratio of 0.80, a quick ratio of 0.20 and a debt-to-equity ratio of 1.58. AutoNation has a 12 month low of $136.35 and a 12 month high of $197.18. The company has a 50 day simple moving average of $174.07 and a two-hundred day simple moving average of $171.39. The stock has a market cap of $7.33 billion, a price-to-earnings ratio of 10.66, a PEG ratio of 3.56 and a beta of 1.26.

Institutional Investors Weigh In On AutoNation

Several institutional investors and hedge funds have recently added to or reduced their stakes in AN. Retirement Systems of Alabama grew its holdings in shares of AutoNation by 142.2% during the third quarter. Retirement Systems of Alabama now owns 73,429 shares of the company’s stock worth $13,138,000 after buying an additional 43,113 shares in the last quarter. Point72 DIFC Ltd purchased a new position in AutoNation during the second quarter worth about $602,000. Kestra Investment Management LLC purchased a new position in AutoNation during the third quarter worth about $585,000. Blue Trust Inc. boosted its stake in AutoNation by 33.8% during the third quarter. Blue Trust Inc. now owns 1,899 shares of the company’s stock worth $340,000 after buying an additional 480 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in AutoNation by 6.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 320,888 shares of the company’s stock worth $57,413,000 after buying an additional 19,015 shares during the period. Hedge funds and other institutional investors own 94.62% of the company’s stock.

About AutoNation

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.