FY2017 EPS Estimates for AutoNation, Inc. Reduced by Analyst (AN)

AutoNation, Inc. (NYSE:AN) – Equities research analysts at Gabelli dropped their FY2017 earnings per share (EPS) estimates for shares of AutoNation in a research note issued on Thursday. Gabelli analyst B. Sponheimer now expects that the company will post earnings of $3.50 per share for the year, down from their prior estimate of $3.95. Gabelli also issued estimates for AutoNation’s FY2019 earnings at $4.70 EPS, FY2020 earnings at $5.35 EPS and FY2021 earnings at $5.95 EPS.

Other research analysts also recently issued research reports about the stock. 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 research report on Thursday, June 8th. ValuEngine downgraded shares of AutoNation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Deutsche Bank AG reissued a “hold” rating and set a $50.00 price objective (down from $52.00) on shares of AutoNation in a report on Saturday, April 29th. Jefferies Group LLC reissued a “hold” rating and set a $49.00 price objective on shares of AutoNation in a report on Thursday, July 6th. Finally, Wells Fargo & Company reissued a “market perform” rating and set a $45.00 price objective (down from $48.50) on shares of AutoNation in a report on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $46.20.

COPYRIGHT VIOLATION NOTICE: This story was posted by Community Financial News and is the property of of Community Financial News. If you are reading this story on another website, it was illegally copied and republished in violation of US and international copyright and trademark laws. The original version of this story can be accessed at https://www.com-unik.info/2017/08/19/fy2017-eps-estimates-for-autonation-inc-reduced-by-analyst-an-updated.html.

AutoNation (NYSE:AN) opened at 40.34 on Monday. AutoNation has a 1-year low of $38.20 and a 1-year high of $53.74. The firm’s 50-day moving average is $41.66 and its 200 day moving average is $43.46. The firm has a market cap of $4.03 billion, a PE ratio of 10.04 and a beta of 1.24.

AutoNation (NYSE:AN) last released its earnings results on Wednesday, August 2nd. The company reported $0.86 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.98 by $0.12. The company had revenue of $5.28 billion for the quarter, compared to analyst estimates of $5.56 billion. AutoNation had a net margin of 1.90% and a return on equity of 16.71%. The firm’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.08 EPS.

Several large investors have recently added to or reduced their stakes in AN. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of AutoNation by 20.4% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 20,462 shares of the company’s stock valued at $863,000 after buying an additional 3,474 shares in the last quarter. Andra AP fonden increased its stake in shares of AutoNation by 494.9% in the second quarter. Andra AP fonden now owns 47,000 shares of the company’s stock valued at $1,982,000 after buying an additional 39,100 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of AutoNation by 139.5% in the second quarter. Prudential Financial Inc. now owns 506,075 shares of the company’s stock valued at $21,337,000 after buying an additional 294,750 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of AutoNation by 175,288.8% in the second quarter. Victory Capital Management Inc. now owns 2,090,635 shares of the company’s stock valued at $88,142,000 after buying an additional 2,089,443 shares in the last quarter. Finally, GAM Holding AG increased its stake in shares of AutoNation by 76.1% in the second quarter. GAM Holding AG now owns 8,213 shares of the company’s stock valued at $346,000 after buying an additional 3,549 shares in the last quarter. 65.97% of the stock is owned by institutional investors.

About AutoNation

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.

Earnings History and Estimates for AutoNation (NYSE:AN)

What are top analysts saying about AutoNation Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for AutoNation Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit