AutoNation Likely To Report Lower Q2 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

AutoNation, Inc. AN is expected to report its second-quarter financial results, before the opening bell on July 21, 2023.

Analysts expect the company to post quarterly earnings at $5.90 per share, down from year-ago earnings of $6.48 per share. The company’s revenue might come in at $6.74 billion.

AutoNation shares fell 2.5% to close at $176.92 on Thursday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Benchmark analyst Michael Ward maintained a Buy rating and raised the price target from $185 to $200 on June 3, 2023. This analyst sees around 13% upside in the company’s stock and has an accuracy rate of 71%.
• Guggenheim analyst Jonathan Elias maintained a Buy rating and increased the price target from $181 to $184 on April 17, 2023. This analyst sees around 4% upside in the company’s stock and has an accuracy rate of 63%.
• JP Morgan analyst Rajat Gupta downgraded the stock from Neutral to Underweight and raised the price target from $125 to $130 on Feb. 21, 2023. This analyst sees around 27% downside in the company’s stock and has an accuracy rate of 77%.
• Morgan Stanley analyst Adam Jonas downgraded the stock from Equal-Weight to Underweight and cut the price target from $104 to $96 on Jan. 17, 2023. This analyst sees around 46% downside in the company’s stock and has an accuracy rate of 61%.
• Truist Securities analyst Stephanie Benjamin upgraded the stock from Hold to Buy and raised the price target from $130 to $140 on April 25, 2022. This analyst sees around 21% downside in the company’s stock and has an accuracy rate of 74%.

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