AutoNation, Inc. (NYSE:AN) – SunTrust Banks lifted their Q1 2020 earnings per share (EPS) estimates for shares of AutoNation in a research note issued to investors on Tuesday, February 11th. SunTrust Banks analyst S. Benjamin now forecasts that the company will post earnings per share of $1.16 for the quarter, up from their previous forecast of $1.14. SunTrust Banks also issued estimates for AutoNation’s Q2 2020 earnings at $1.36 EPS, Q3 2020 earnings at $1.23 EPS, Q4 2020 earnings at $1.39 EPS, FY2020 earnings at $5.15 EPS, Q1 2021 earnings at $1.25 EPS, Q2 2021 earnings at $1.45 EPS, Q3 2021 earnings at $1.32 EPS and Q4 2021 earnings at $1.46 EPS.
A number of other research analysts have also recently weighed in on AN. Cfra dropped their price target on AutoNation from $62.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday. Benchmark assumed coverage on AutoNation in a research report on Thursday, January 9th. They issued a “hold” rating for the company. JPMorgan Chase & Co. raised their price target on AutoNation from $45.00 to $52.00 and gave the company an “underweight” rating in a research report on Wednesday, December 18th. Finally, ValuEngine cut AutoNation from a “sell” rating to a “strong sell” rating in a research report on Wednesday, November 20th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $48.83.
AutoNation (NYSE:AN) last released its quarterly earnings data on Tuesday, February 11th. The company reported $1.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.18. The firm had revenue of $5.55 billion during the quarter, compared to analysts’ expectations of $5.53 billion. AutoNation had a return on equity of 14.37% and a net margin of 1.82%. AutoNation’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.02 earnings per share.
Institutional investors have recently modified their holdings of the stock. Ladenburg Thalmann Financial Services Inc. grew its position in shares of AutoNation by 123.2% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,038 shares of the company’s stock worth $43,000 after acquiring an additional 573 shares in the last quarter. Royal Bank of Canada grew its stake in shares of AutoNation by 9.7% in the second quarter. Royal Bank of Canada now owns 62,539 shares of the company’s stock worth $2,622,000 after purchasing an additional 5,544 shares during the last quarter. State of Alaska Department of Revenue grew its stake in shares of AutoNation by 76.3% in the third quarter. State of Alaska Department of Revenue now owns 10,453 shares of the company’s stock worth $529,000 after purchasing an additional 4,525 shares during the last quarter. Cerebellum GP LLC bought a new stake in shares of AutoNation in the third quarter worth $33,000. Finally, Signaturefd LLC grew its stake in shares of AutoNation by 31.9% in the third quarter. Signaturefd LLC now owns 888 shares of the company’s stock worth $45,000 after purchasing an additional 215 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors.
In related news, CEO Cheryl Miller sold 4,331 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $49.97, for a total value of $216,420.07. Following the sale, the chief executive officer now owns 19,165 shares of the company’s stock, valued at $957,675.05. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Edward S. Lampert sold 44,574 shares of the business’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $45.73, for a total transaction of $2,038,369.02. The disclosure for this sale can be found here. Insiders have sold 441,755 shares of company stock valued at $20,036,688 over the last quarter. Company insiders own 2.40% of the company’s stock.
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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