AutoNation Inc. (NYSE:AN) – Equities researchers at Seaport Global Securities dropped their FY2017 earnings estimates for shares of AutoNation in a note issued to investors on Tuesday. Seaport Global Securities analyst M. Ward now expects that the firm will post earnings per share of $4.10 for the year, down from their previous forecast of $4.60. Seaport Global Securities has a “Neutral” rating on the stock.

AutoNation (NYSE:AN) last issued its earnings results on Friday, October 28th. The company reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.15 by $0.10. The company earned $5.57 billion during the quarter, compared to analyst estimates of $5.63 billion. AutoNation had a net margin of 1.92% and a return on equity of 19.77%. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.05 EPS.

Earnings History and Estimates for AutoNation (NYSE:AN)

Several other research analysts have also commented on AN. Jefferies Group increased their price target on shares of AutoNation from $50.00 to $57.00 and gave the stock a “hold” rating in a research note on Monday, August 1st. CL King initiated coverage on shares of AutoNation in a research note on Wednesday, September 7th. They issued a “buy” rating on the stock. TheStreet upgraded shares of AutoNation from a “hold” rating to a “buy” rating in a research note on Monday, July 18th. Bank of America Corp. lowered shares of AutoNation from a “buy” rating to a “neutral” rating and set a $45.00 target price on the stock. in a research note on Monday, October 31st. Finally, Wolfe Research initiated coverage on shares of AutoNation in a research note on Wednesday, August 31st. They issued a “peer perform” rating on the stock. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $51.83.

Shares of AutoNation (NYSE:AN) traded up 1.72% during midday trading on Thursday, hitting $43.10. 1,167,978 shares of the stock were exchanged. AutoNation has a 12-month low of $39.28 and a 12-month high of $64.93. The firm has a market cap of $4.35 billion, a P/E ratio of 11.11 and a beta of 1.01. The stock’s 50 day moving average is $46.22 and its 200 day moving average is $48.22.

Hedge funds have recently modified their holdings of the stock. 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 worth $102,000 after buying an additional 9 shares during the period. PNC Financial Services Group Inc. increased its position in AutoNation by 0.4% in the second quarter. PNC Financial Services Group Inc. now owns 8,249 shares of the company’s stock worth $387,000 after buying an additional 30 shares during the last quarter. Investment Management of Virginia LLC increased its position in AutoNation by 1.0% in the third quarter. Investment Management of Virginia LLC now owns 12,431 shares of the company’s stock worth $606,000 after buying an additional 125 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in AutoNation by 0.7% in the second quarter. Public Employees Retirement System of Ohio now owns 19,520 shares of the company’s stock worth $917,000 after buying an additional 131 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD increased its position in AutoNation by 3.8% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 5,384 shares of the company’s stock worth $252,000 after buying an additional 197 shares during the last quarter. 69.26% of the stock is owned by hedge funds and other institutional investors.

About AutoNation

AutoNation, Inc 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.

5 Day Chart for NYSE:AN

Receive News & Stock Ratings for AutoNation Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AutoNation Inc. and related stocks with our FREE daily email newsletter.