AutoNation, Inc. (NYSE:AN) – Analysts at Jefferies Group decreased their FY2017 earnings estimates for shares of AutoNation in a research note issued on Wednesday. Jefferies Group analyst B. Jordan now forecasts that the company will post earnings per share of $3.48 for the year, down from their prior forecast of $3.97. Jefferies Group currently has a “Hold” rating and a $49.00 target price on the stock.
AutoNation (NYSE:AN) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by $0.12. The company had revenue of $5.28 billion during 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%. AutoNation’s revenue was down 3.0% on a year-over-year basis. During the same period last year, the firm posted $1.08 earnings per share.
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Several other research firms have also recently issued reports on AN. BidaskClub cut shares of AutoNation from a “sell” rating to a “strong sell” rating in a research report on Saturday. Deutsche Bank AG restated a “hold” rating and issued a $43.00 price target (down previously from $46.00) on shares of AutoNation in a report on Wednesday. Northcoast Research upgraded shares of AutoNation from a “neutral” rating to a “buy” rating and set a $51.00 price target on the stock in a report on Thursday, June 8th. Buckingham Research cut their price target on shares of AutoNation from $44.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, August 3rd. Finally, ValuEngine lowered shares of AutoNation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $46.20.
AutoNation (AN) traded up 0.05% during midday trading on Monday, hitting $40.02. 207,237 shares of the stock were exchanged. AutoNation has a 12-month low of $38.20 and a 12-month high of $53.74. The firm has a 50 day moving average of $41.38 and a 200-day moving average of $43.37. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of 9.97 and a beta of 1.24.
In other news, Director Robert R. Grusky sold 2,800 shares of AutoNation stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $38.99, for a total transaction of $109,172.00. Following the sale, the director now owns 30,713 shares in the company, valued at $1,197,499.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.10% of the company’s stock.
Several hedge funds have recently bought and sold shares of AN. Invictus RG raised its stake in AutoNation by 58.2% in the first quarter. Invictus RG now owns 4,981 shares of the company’s stock worth $211,000 after buying an additional 1,833 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in AutoNation by 78.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 30,345 shares of the company’s stock worth $1,244,000 after buying an additional 13,371 shares during the last quarter. Clinton Group Inc. bought a new stake in AutoNation during the first quarter worth $2,065,000. Dynamic Capital Management Ltd bought a new stake in AutoNation during the first quarter worth $581,000. Finally, Telemus Capital LLC increased its stake in AutoNation by 4.7% in the first quarter. Telemus Capital LLC now owns 63,280 shares of the company’s stock worth $2,676,000 after buying an additional 2,860 shares during the last quarter. Institutional investors own 65.97% of the company’s stock.
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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