Guggenheim has revised its price target for AutoNation (AN, Financial), reducing it to $183 from the previous $212, though it continues to maintain a Buy rating on the company's shares. This adjustment comes as the firm readjusts its expectations ahead of AutoNation's first-quarter earnings report.
The updated price target reflects the firm's broader strategy of reevaluating estimates for companies within its auto supplier and dealer coverage. Guggenheim's analysts stress that the revised estimates are notably lower than before, aligning with their previous findings regarding the impacts of tariffs on the sector.
This adjustment signals a cautious outlook as the firm anticipates potential challenges in the automotive industry, possibly influenced by ongoing trade tensions and their effect on the market dynamics. AutoNation's forthcoming financial disclosures will be key in assessing the accuracy of these revised projections and how they might impact the company's financial performance going forward.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 9 analysts, the average target price for AutoNation Inc (AN, Financial) is $203.89 with a high estimate of $245.00 and a low estimate of $175.00. The average target implies an upside of 24.70% from the current price of $163.51. More detailed estimate data can be found on the AutoNation Inc (AN) Forecast page.
Based on the consensus recommendation from 13 brokerage firms, AutoNation Inc's (AN, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for AutoNation Inc (AN, Financial) in one year is $186.85, suggesting a upside of 14.27% from the current price of $163.51. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the AutoNation Inc (AN) Summary page.
