AutoNation, Inc. (NYSE:AN) – Equities researchers at Seaport Global Securities lowered their FY2019 earnings estimates for shares of AutoNation in a report issued on Sunday, April 7th. Seaport Global Securities analyst M. Ward now anticipates that the company will post earnings per share of $4.10 for the year, down from their previous estimate of $4.60. Seaport Global Securities has a “Neutral” rating and a $38.06 price target on the stock. Seaport Global Securities also issued estimates for AutoNation’s FY2020 earnings at $4.30 EPS.

A number of other brokerages have also recently issued reports on AN. Jefferies Financial Group restated a “hold” rating and issued a $41.00 price objective on shares of AutoNation in a research note on Sunday, February 24th. Bank of America restated a “buy” rating and issued a $55.00 price objective (down from $59.00) on shares of AutoNation in a research note on Tuesday, February 26th. Finally, JPMorgan Chase & Co. started coverage on AutoNation in a research note on Tuesday, February 19th. They issued an “underweight” rating and a $40.00 price objective on the stock. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $41.38.

Shares of AutoNation stock opened at $36.86 on Wednesday. AutoNation has a 52-week low of $32.83 and a 52-week high of $51.99. The stock has a market capitalization of $3.27 billion, a P/E ratio of 8.21, a PEG ratio of 3.33 and a beta of 1.05. The company has a current ratio of 0.86, a quick ratio of 0.22 and a debt-to-equity ratio of 0.71.

AutoNation (NYSE:AN) last announced its quarterly earnings data on Friday, February 22nd. The company reported $1.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.14 by ($0.04). AutoNation had a net margin of 1.85% and a return on equity of 15.89%. The firm had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.63 billion. During the same quarter in the prior year, the firm posted $1.02 earnings per share. The company’s revenue was down 4.8% on a year-over-year basis.

A number of hedge funds have recently bought and sold shares of AN. JPMorgan Chase & Co. grew its holdings in AutoNation by 33.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 158,720 shares of the company’s stock valued at $6,595,000 after buying an additional 39,526 shares in the last quarter. BlackRock Inc. grew its holdings in AutoNation by 9.5% during the 3rd quarter. BlackRock Inc. now owns 5,681,175 shares of the company’s stock valued at $236,050,000 after buying an additional 492,876 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of AutoNation during the third quarter worth about $219,000. Stevens Capital Management LP purchased a new position in shares of AutoNation during the third quarter worth about $228,000. Finally, Hsbc Holdings PLC grew its holdings in shares of AutoNation by 75.3% during the third quarter. Hsbc Holdings PLC now owns 11,938 shares of the company’s stock worth $496,000 after purchasing an additional 5,129 shares in the last quarter. 64.70% of the stock is owned by institutional investors and hedge funds.

In related news, Director David B. Edelson bought 1,150 shares of AutoNation stock in a transaction on Monday, February 25th. The stock was acquired at an average price of $36.06 per share, with a total value of $41,469.00. Following the acquisition, the director now directly owns 37,030 shares of the company’s stock, valued at $1,335,301.80. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.40% of the stock is owned by insiders.

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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