AutoNation, Inc. (NYSE:AN) – Equities research analysts at Truist Securiti boosted their Q1 2021 earnings estimates for AutoNation in a research note issued to investors on Wednesday, February 17th. Truist Securiti analyst S. Benjamin now expects that the company will post earnings of $1.79 per share for the quarter, up from their prior forecast of $1.65. Truist Securiti also issued estimates for AutoNation’s Q2 2021 earnings at $1.81 EPS, FY2021 earnings at $7.36 EPS and Q1 2022 earnings at $1.63 EPS.
AutoNation (NYSE:AN) last posted its quarterly earnings results on Monday, February 15th. The company reported $2.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.01 by $0.42. AutoNation had a net margin of 1.92% and a return on equity of 17.17%. During the same period last year, the business earned $1.32 EPS.
Other equities analysts have also issued research reports about the stock. JPMorgan Chase & Co. lowered shares of AutoNation from an “overweight” rating to a “neutral” rating and set a $75.00 price objective for the company. in a research note on Friday, January 15th. They noted that the move was a valuation call. Truist lifted their target price on shares of AutoNation from $73.00 to $80.00 in a research note on Thursday. Morgan Stanley lifted their target price on shares of AutoNation from $54.00 to $56.00 and gave the company an “underweight” rating in a research note on Monday, December 7th. Finally, Bank of America lifted their target price on shares of AutoNation from $77.00 to $79.00 and gave the company a “buy” rating in a research note on Tuesday, November 17th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. AutoNation presently has a consensus rating of “Hold” and a consensus target price of $63.00.
AutoNation stock opened at $78.74 on Monday. The company has a 50 day moving average price of $75.30 and a 200 day moving average price of $63.72. AutoNation has a 52 week low of $20.59 and a 52 week high of $82.90. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.32 and a current ratio of 0.98. The firm has a market capitalization of $6.48 billion, a price-to-earnings ratio of 17.94, a P/E/G ratio of 1.22 and a beta of 1.57.
A number of institutional investors and hedge funds have recently made changes to their positions in AN. Victory Capital Management Inc. raised its holdings in AutoNation by 7,502.0% in the 4th quarter. Victory Capital Management Inc. now owns 2,372,513 shares of the company’s stock worth $165,578,000 after acquiring an additional 2,341,304 shares during the period. AQR Capital Management LLC raised its holdings in AutoNation by 30.5% in the 3rd quarter. AQR Capital Management LLC now owns 1,672,809 shares of the company’s stock worth $88,358,000 after acquiring an additional 390,731 shares during the period. Los Angeles Capital Management & Equity Research Inc. bought a new position in AutoNation in the 3rd quarter worth $17,399,000. Arrowstreet Capital Limited Partnership raised its holdings in AutoNation by 33.2% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 956,851 shares of the company’s stock worth $50,646,000 after acquiring an additional 238,515 shares during the period. Finally, Schonfeld Strategic Advisors LLC raised its holdings in AutoNation by 160.6% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 218,839 shares of the company’s stock worth $11,583,000 after acquiring an additional 134,855 shares during the period. Hedge funds and other institutional investors own 63.36% of the company’s stock.
In related news, EVP C Coleman Edmunds sold 15,378 shares of AutoNation stock in a transaction on Tuesday, November 24th. The shares were sold at an average price of $64.46, for a total value of $991,265.88. Following the transaction, the executive vice president now owns 23,163 shares in the company, valued at approximately $1,493,086.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Edward S. Lampert sold 98,921 shares of AutoNation stock in a transaction on Tuesday, January 12th. The stock was sold at an average price of $76.71, for a total transaction of $7,588,229.91. The disclosure for this sale can be found here. In the last ninety days, insiders sold 148,288 shares of company stock valued at $10,994,559. 2.10% of the stock is owned by company insiders.
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.
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