Q2 2018 EPS Estimates for AutoNation (AN) Reduced by Jefferies Group

AutoNation (NYSE:AN) – Equities research analysts at Jefferies Group dropped their Q2 2018 earnings per share (EPS) estimates for shares of AutoNation in a research note issued on Tuesday, May 1st. Jefferies Group analyst B. Jordan now expects that the company will post earnings of $1.11 per share for the quarter, down from their prior estimate of $1.19. Jefferies Group currently has a “Hold” rating and a $60.00 price target on the stock. Jefferies Group also issued estimates for AutoNation’s Q3 2018 earnings at $1.32 EPS, Q4 2018 earnings at $1.37 EPS, FY2018 earnings at $4.80 EPS, Q1 2019 earnings at $1.20 EPS, Q2 2019 earnings at $1.28 EPS, Q3 2019 earnings at $1.34 EPS, Q4 2019 earnings at $1.32 EPS and FY2019 earnings at $5.13 EPS.

Several other research analysts also recently weighed in on AN. Bank of America restated a “hold” rating and issued a $65.00 target price on shares of AutoNation in a research note on Thursday, February 1st. Morgan Stanley upped their target price on shares of AutoNation from $49.00 to $57.00 and gave the company an “overweight” rating in a research note on Wednesday, March 14th. ValuEngine downgraded shares of AutoNation from a “buy” rating to a “hold” rating in a research note on Wednesday, March 28th. Finally, Guggenheim initiated coverage on shares of AutoNation in a research note on Monday, April 16th. They issued a “neutral” rating for the company. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $50.78.

Shares of AN stock opened at $47.43 on Friday. The firm has a market capitalization of $4,282.38, a PE ratio of 12.45, a PEG ratio of 1.48 and a beta of 1.40. The company has a quick ratio of 0.25, a current ratio of 0.86 and a debt-to-equity ratio of 0.79. AutoNation has a twelve month low of $38.20 and a twelve month high of $62.02.

AutoNation (NYSE:AN) last announced its earnings results on Tuesday, May 1st. The company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.01. The business had revenue of $5.26 billion during the quarter, compared to the consensus estimate of $5.28 billion. AutoNation had a net margin of 1.99% and a return on equity of 15.97%. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.97 earnings per share.

A number of hedge funds and other institutional investors have recently bought and sold shares of AN. Prudential Financial Inc. boosted its stake in AutoNation by 682.1% during the 1st quarter. Prudential Financial Inc. now owns 776,998 shares of the company’s stock valued at $36,348,000 after acquiring an additional 677,653 shares during the last quarter. Zeke Capital Advisors LLC bought a new position in AutoNation during the 1st quarter valued at $7,707,000. Victory Capital Management Inc. boosted its stake in AutoNation by 4.9% during the 4th quarter. Victory Capital Management Inc. now owns 3,426,976 shares of the company’s stock valued at $175,906,000 after acquiring an additional 160,299 shares during the last quarter. Check Capital Management Inc. CA boosted its stake in AutoNation by 26.0% during the 1st quarter. Check Capital Management Inc. CA now owns 699,854 shares of the company’s stock valued at $32,739,000 after acquiring an additional 144,534 shares during the last quarter. Finally, LSV Asset Management bought a new position in AutoNation during the 1st quarter valued at $5,660,000. Hedge funds and other institutional investors own 69.35% 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.

Earnings History and Estimates for AutoNation (NYSE:AN)

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