AutoNation, Inc. (NYSE:AN) – Seaport Global Securities increased their Q2 2019 EPS estimates for shares of AutoNation in a research note issued on Monday, April 29th, according to Zacks Investment Research. Seaport Global Securities analyst M. Ward now expects that the company will earn $1.11 per share for the quarter, up from their prior estimate of $1.04. Seaport Global Securities has a “Neutral” rating and a $38.06 price objective on the stock. Seaport Global Securities also issued estimates for AutoNation’s Q3 2019 earnings at $1.09 EPS, Q4 2019 earnings at $1.06 EPS, FY2019 earnings at $4.30 EPS, Q1 2020 earnings at $1.05 EPS, Q2 2020 earnings at $1.15 EPS, Q3 2020 earnings at $1.14 EPS and FY2020 earnings at $4.40 EPS.
Other equities analysts have also issued research reports about the stock. ValuEngine raised shares of AutoNation from a “strong sell” rating to a “sell” rating in a research report on Friday, April 26th. SunTrust Banks upped their price target on shares of AutoNation to $43.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Morgan Stanley upped their price target on shares of AutoNation from $27.00 to $36.00 and gave the stock an “underweight” rating in a research report on Monday, May 6th. JPMorgan Chase & Co. started coverage on shares of AutoNation in a research report on Tuesday, February 19th. They set an “underweight” rating and a $40.00 price target for the company. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $41.00 price target on shares of AutoNation in a research report on Sunday, February 24th. Four analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. AutoNation currently has a consensus rating of “Hold” and an average target price of $41.01.
AutoNation (NYSE:AN) last released its quarterly earnings data on Friday, April 26th. The company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.13. The firm had revenue of $4.98 billion for the quarter, compared to the consensus estimate of $5.21 billion. AutoNation had a net margin of 1.87% and a return on equity of 15.48%. The firm’s revenue was down 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.01 earnings per share.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. AlphaOne Investment Services LLC purchased a new stake in AutoNation during the fourth quarter worth approximately $25,000. Bessemer Group Inc. boosted its stake in shares of AutoNation by 67.8% in the fourth quarter. Bessemer Group Inc. now owns 881 shares of the company’s stock valued at $31,000 after purchasing an additional 356 shares during the period. We Are One Seven LLC purchased a new position in shares of AutoNation in the fourth quarter valued at $32,000. Investors Research Corp bought a new position in AutoNation during the 1st quarter valued at $32,000. Finally, Advisor Group Inc. boosted its stake in AutoNation by 696.8% during the 1st quarter. Advisor Group Inc. now owns 996 shares of the company’s stock valued at $35,000 after acquiring an additional 871 shares during the last quarter. Institutional investors own 62.66% of the company’s stock.
In other AutoNation news, CEO Carl C. Liebert III acquired 2,575 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was bought at an average cost of $38.95 per share, for a total transaction of $100,296.25. Following the completion of the purchase, the chief executive officer now directly owns 2,575 shares in the company, valued at $100,296.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David B. Edelson acquired 1,150 shares of the firm’s stock in a transaction on Monday, February 25th. The shares were acquired at an average price of $36.06 per share, with a total value of $41,469.00. Following the completion of the purchase, the director now owns 37,030 shares of the company’s stock, valued at $1,335,301.80. The disclosure for this purchase can be found here. Insiders have sold 8,589 shares of company stock valued at $350,922 in the last ninety days. 2.40% of the stock is currently 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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