AutoNation, Inc. (NYSE:AN) Expected to Earn FY2023 Earnings of $22.75 Per Share

AutoNation, Inc. (NYSE:ANFree Report) – Investment analysts at Zacks Research decreased their FY2023 earnings per share (EPS) estimates for shares of AutoNation in a report issued on Friday, February 9th. Zacks Research analyst L. Shahu now expects that the company will post earnings per share of $22.75 for the year, down from their previous forecast of $22.82. The consensus estimate for AutoNation’s current full-year earnings is $22.76 per share. Zacks Research also issued estimates for AutoNation’s Q4 2023 earnings at $4.85 EPS, Q1 2024 earnings at $4.66 EPS, Q2 2024 earnings at $4.93 EPS, Q3 2024 earnings at $4.87 EPS, Q4 2024 earnings at $4.49 EPS, FY2024 earnings at $18.95 EPS, Q1 2025 earnings at $5.37 EPS, Q2 2025 earnings at $2.94 EPS, Q3 2025 earnings at $5.99 EPS, Q4 2025 earnings at $5.12 EPS and FY2025 earnings at $19.42 EPS.

Other analysts have also issued reports about the company. Benchmark reissued a “buy” rating and set a $200.00 target price on shares of AutoNation in a report on Monday, October 30th. Evercore ISI initiated coverage on AutoNation in a report on Wednesday, January 17th. They set an “outperform” rating and a $185.00 target price on the stock. StockNews.com lowered AutoNation from a “buy” rating to a “hold” rating in a report on Monday, February 5th. Finally, JPMorgan Chase & Co. raised AutoNation from an “underweight” rating to a “neutral” rating and set a $145.00 target price on the stock in a report on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, AutoNation currently has a consensus rating of “Hold” and an average target price of $175.13.

View Our Latest Stock Analysis on AutoNation

AutoNation Stock Up 1.1 %

AN stock opened at $153.88 on Monday. The stock has a market capitalization of $6.54 billion, a price-to-earnings ratio of 6.59, a PEG ratio of 1.17 and a beta of 1.21. AutoNation has a fifty-two week low of $120.26 and a fifty-two week high of $182.08. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.83 and a quick ratio of 0.25. The business’s fifty day moving average price is $143.63 and its two-hundred day moving average price is $144.90.

Institutional Trading of AutoNation

Several hedge funds have recently made changes to their positions in the company. First United Bank & Trust bought a new stake in shares of AutoNation during the 4th quarter valued at $26,000. Private Wealth Management Group LLC bought a new stake in shares of AutoNation during the 4th quarter valued at $27,000. Anchor Investment Management LLC bought a new stake in shares of AutoNation during the 4th quarter valued at $28,000. Avalon Trust Co bought a new position in AutoNation in the 4th quarter worth about $32,000. Finally, Gladius Capital Management LP bought a new position in AutoNation in the 4th quarter worth about $33,000. 97.22% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other AutoNation news, major shareholder Edward S. Lampert sold 25,405 shares of the firm’s stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $151.75, for a total value of $3,855,208.75. Following the completion of the sale, the insider now owns 4,736,445 shares of the company’s stock, valued at $718,755,528.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other AutoNation news, major shareholder Edward S. Lampert sold 380,497 shares of the business’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $143.12, for a total value of $54,456,730.64. Following the sale, the insider now directly owns 4,278,664 shares in the company, valued at $612,362,391.68. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Edward S. Lampert sold 25,405 shares of the business’s stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $151.75, for a total value of $3,855,208.75. Following the completion of the sale, the insider now owns 4,736,445 shares in the company, valued at $718,755,528.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 483,186 shares of company stock worth $69,331,092. 0.69% of the stock is owned by corporate insiders.

About AutoNation

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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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