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AutoNation, Inc. (NYSE:AN – Get Rating) – Equity analysts at Seaport Res Ptn have upgraded AutoNation’s 2023 earnings forecast in a research report published Friday, Jan. 20. Seaport Res Ptn analyst G. Chin expects the company to raise annual earnings per share to $20.75, up from his previous forecast of $20.22. AutoNation’s current consensus estimate for annual earnings is $24.07 per share.
AutoNation (NYSE:AN – Get Rating) announced final results on Thursday, Oct. 27. The company reported earnings of $6.00 per share for him in the quarter, well below consensus expectations of $6.32 ($0.32). The company made $6.67 billion in revenue during the quarter, compared to analyst estimates of $6.65 billion. AutoNation had a net profit margin of 5.50% and a return on equity of 62.53%.
Other equity analysts also publish reports on equities. Morgan Stanley downgraded AutoNation’s stock from an “equal-weighted” rating to an “underweighted” rating and lowered the company’s price target from her $104.00 to her $96.00 in a research report on Tuesday, Jan. 17. rice field. StockNews.com began coverage of her AutoNation shares in an investigative report on Wednesday, Oct. 12. They have set a “buy” rating on the stock. Wells Fargo & Company downgraded his AutoNation stock from ‘overweight’ to ‘equal weight’, and he set a price target for the company at $126.00. In a research note on Friday, January 13th. JPMorgan Chase & Co. downgraded AutoNation’s stock from ‘overweight’ to ‘neutral’ and set a price target for the company at $125.00. In a research note on Thursday, October 6th. Finally, Guggenheim said in his research notes on Tuesday, November 1, that he raised his price target on AutoNation stock to $154.00. One analyst rated the stock with a sell rating, two issued hold ratings, and six assigned buy ratings to the company’s stock. Based on MarketBeat.com data, the stock currently has an average rating of “moderate buy” with an average target price of $144.88.
AutoNation Stock Performance
NYSE:AN opened at $113.78 on Monday. The company has a 50-day moving average price of $113.96 and a 200-day moving average price of $113.71. His one year low on AutoNation is $94.92 and his one year high is $135.57. The company has a debt to equity ratio of 1.57, a current ratio of 1.05 and a quick ratio of 0.42. The company has a market capitalization of $5.64 billion, a price/earnings ratio of 4.66, a price/earnings ratio of 1.32 and a beta of 1.16.
Insider trading on AutoNation
In other news, EVP Marc G. Cannon sold 1,850 shares of the company’s stock in a transaction on Tuesday, November 29th. The shares were sold at an average price of $122.50 and the transaction totaled him $226,625.00. Following the closing of the sale, the Executive Vice President now owns 13,401 shares in the company, valued at approximately $1,641,622.50. The sale is disclosed in documents filed with the Securities and Exchange Commission, which can be accessed on his website at the SEC. In other AutoNation news, his major shareholder, Edward S. Lampert, sold 63,090 shares of the company’s stock in a transaction that occurred on Monday, December 12th. The shares were sold at an average price of $117.46, giving him a total of $7,410,551.40. Following the closing of the transaction, insiders now own 6,003,888 shares of the company’s stock valued at approximately $75,216,684.48. The transaction is disclosed in documents filed with the SEC and can be accessed via this hyperlink. Also, EVP Marc G. Cannon sold 1,850 shares of the company’s stock in a transaction that took place on Tuesday, November 29th. The shares were sold at an average price of $122.50 for a total of $226,625.00. Following the closing of the transaction, the Executive Vice President now owns 13,401 shares of the Company’s stock valued at approximately $1,641,622.50. Please see here for the disclosure of this sale. In the last quarter, the insider sold 344,019 shares of his company stock worth $37,978,902. 0.64% of the shares are currently owned by internal parties.
Hedge Fund Joins AutoNation
Many institutional investors and hedge funds are buying and selling stocks these days. Quent Capital LLC increased his AutoNation stake by 2.7% in the fourth quarter. Quent Capital LLC now owns 6,339 shares worth $680,000 after purchasing an additional 164 of his shares last quarter. SummerHaven Investment Management LLC increased its position in AutoNation by 1.4% in the fourth quarter. After purchasing an additional 94 shares during this period, SummerHaven Investment Management LLC now owns 6,787 shares of the company stock valued at $728,000. Ronald Blue Trust Inc. increased his AutoNation position by 74.6% in the fourth quarter. Ronald Blue Trust Inc. now owns 1,683 shares worth $171,000 after purchasing an additional 719 shares during this period. WealthPlan Investment Management LLC acquired new shares of AutoNation for $553,000 in the third quarter. Finally, Bank of New York Mellon Corp increased its AutoNation stake by 3.7% in the third quarter. Bank of New York Mellon Corp owns 468,950 shares of the company worth $47,772,000 after purchasing an additional 16,528 shares during this period. Hedge funds and other institutional investors own 86.31% of the company’s shares.
AutoNation, Inc is engaged in providing automotive products and services. It operates in Domestic, Import, Premium Luxury, Corporate & Other segments. The Domestic segment consists of retail automobile franchises that sell new vehicles manufactured by General Motors, Ford and Stellatis.
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