AutoNation, Inc. (NYSE:AN) – Research analysts at KeyCorp decreased their FY2018 earnings per share estimates for AutoNation in a research report issued on Wednesday, Zacks Investment Research reports. KeyCorp analyst B. Hoselton now anticipates that the company will earn $4.01 per share for the year, down from their prior estimate of $4.49.
AutoNation (NYSE:AN) last released its earnings results on Tuesday, April 25th. The company reported $0.97 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.06. The company had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $5.33 billion. AutoNation had a net margin of 1.99% and a return on equity of 19.32%. The company’s revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.93 EPS. WARNING: This article was published by Transcript Daily and is the property of of Transcript Daily. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States & international copyright legislation. The original version of this article can be read at https://transcriptdaily.com/2017/05/20/fy2018-eps-estimates-for-autonation-inc-cut-by-analyst-an-updated-updated.html.
Other equities research analysts have also recently issued research reports about the stock. Deutsche Bank AG reiterated a “hold” rating and set a $50.00 target price (down previously from $52.00) on shares of AutoNation in a research report on Saturday, April 29th. Jefferies Group LLC reiterated a “hold” rating and set a $49.00 target price on shares of AutoNation in a research report on Monday, February 6th. Susquehanna Bancshares Inc started coverage on shares of AutoNation in a report on Thursday, February 2nd. They set a “neutral” rating and a $49.00 price objective on the stock. TheStreet lowered shares of AutoNation from a “b-” rating to a “c+” rating in a report on Wednesday, March 1st. Finally, Evercore ISI lowered shares of AutoNation from a “buy” rating to a “hold” rating in a report on Monday, February 6th. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $48.40.
Shares of AutoNation (NYSE:AN) opened at 40.14 on Friday. AutoNation has a 52-week low of $39.13 and a 52-week high of $54.15. The company has a market cap of $4.06 billion, a P/E ratio of 9.49 and a beta of 1.05. The stock has a 50 day moving average of $41.78 and a 200 day moving average of $45.88.
In related news, CAO Christopher Cade sold 561 shares of AutoNation stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of $46.23, for a total transaction of $25,935.03. Following the transaction, the chief accounting officer now owns 2,791 shares of the company’s stock, valued at approximately $129,027.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jonathan P. Ferrando sold 247,499 shares of AutoNation stock in a transaction that occurred on Friday, March 10th. The stock was sold at an average price of $45.21, for a total transaction of $11,189,429.79. The disclosure for this sale can be found here. Insiders have sold a total of 380,490 shares of company stock worth $17,178,325 in the last three months. 2.90% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in AN. Public Employees Retirement Association of Colorado increased its stake in shares of AutoNation by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 2,096 shares of the company’s stock valued at $102,000 after buying an additional 9 shares during the period. Nordea Investment Management AB increased its stake in shares of AutoNation by 43.8% in the first quarter. Nordea Investment Management AB now owns 3,285 shares of the company’s stock valued at $139,000 after buying an additional 1,000 shares during the period. Blenheim Capital Management BV bought a new stake in shares of AutoNation during the fourth quarter valued at approximately $144,000. Riverhead Capital Management LLC increased its stake in shares of AutoNation by 13.6% in the third quarter. Riverhead Capital Management LLC now owns 3,600 shares of the company’s stock valued at $175,000 after buying an additional 432 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its stake in shares of AutoNation by 178.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 4,454 shares of the company’s stock valued at $198,000 after buying an additional 2,854 shares during the period. Hedge funds and other institutional investors own 66.90% 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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