Equities Analysts Set Expectations for AutoNation, Inc.’s Q1 2019 Earnings (AN)

AutoNation, Inc. (NYSE:AN) – Research analysts at Seaport Global Securities issued their Q1 2019 earnings per share estimates for AutoNation in a research note issued to investors on Wednesday, February 13th. Seaport Global Securities analyst M. Ward expects that the company will post earnings per share of $1.03 for the quarter. 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 Q2 2019 earnings at $1.18 EPS, Q3 2019 earnings at $1.18 EPS, Q4 2019 earnings at $1.20 EPS, FY2019 earnings at $4.60 EPS, Q1 2020 earnings at $1.10 EPS, Q2 2020 earnings at $1.23 EPS, Q3 2020 earnings at $1.22 EPS, Q4 2020 earnings at $1.25 EPS and FY2020 earnings at $4.80 EPS.

A number of other analysts have also recently commented on the company. ValuEngine upgraded AutoNation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 24th. Bank of America upgraded AutoNation from a “neutral” rating to a “buy” rating and set a $59.00 price objective for the company in a research report on Wednesday, October 24th. They noted that the move was a valuation call. Buckingham Research cut their price objective on AutoNation from $42.00 to $38.00 and set a “neutral” rating for the company in a research report on Wednesday, October 31st. Finally, Morgan Stanley cut their price objective on AutoNation from $44.00 to $34.00 and set a “sell” rating for the company in a research report on Wednesday, November 14th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. AutoNation has an average rating of “Hold” and a consensus price target of $42.34.

AutoNation stock opened at $37.95 on Thursday. The company has a market capitalization of $3.45 billion, a PE ratio of 9.96, a price-to-earnings-growth ratio of 1.45 and a beta of 1.11. AutoNation has a 12 month low of $32.87 and a 12 month high of $53.81. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.86 and a quick ratio of 0.20.

Institutional investors and hedge funds have recently modified their holdings of the stock. AlphaOne Investment Services LLC purchased a new stake in shares of AutoNation during the fourth quarter worth approximately $25,000. Bessemer Group Inc. boosted its stake in AutoNation by 67.8% during the fourth quarter. Bessemer Group Inc. now owns 881 shares of the company’s stock worth $31,000 after buying an additional 356 shares during the last quarter. We Are One Seven LLC acquired a new position in AutoNation during the fourth quarter worth $32,000. Quantamental Technologies LLC acquired a new position in AutoNation during the fourth quarter worth $67,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in AutoNation by 16.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,191 shares of the company’s stock worth $150,000 after buying an additional 601 shares during the last quarter. Hedge funds and other institutional investors own 66.30% of the company’s stock.

In related news, Director Robert R. Grusky sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, January 2nd. The stock was sold at an average price of $35.36, for a total transaction of $88,400.00. Following the completion of the sale, the director now directly owns 39,611 shares in the company, valued at $1,400,644.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David B. Edelson sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, December 20th. The stock was sold at an average price of $33.99, for a total value of $679,800.00. Following the sale, the director now owns 48,946 shares of the company’s stock, valued at $1,663,674.54. The disclosure for this sale can be found here. Insiders sold 23,039 shares of company stock valued at $786,143 over the last 90 days. Company insiders own 2.80% of the company’s stock.

About AutoNation

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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Earnings History and Estimates for AutoNation (NYSE:AN)

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