Bank of America (BofA) has revised its projection for AutoNation's (AN, Financial) stock, lowering the price target from $245 to $225 while maintaining a Buy rating. Despite the adjustment, the company’s first-quarter performance appears to have surpassed initial expectations regarding production volumes and sales. This could lead to better-than-anticipated quarterly results for the auto retailer.
The analyst noted that significant unpredictability surrounds the issue of tariffs, marking a particularly high level of concern in the market. This ongoing uncertainty is likely to compel companies across the sector to reconsider or postpone their financial guidance. In response to these conditions, BofA revised valuation multiples across its coverage by approximately 1.0x.
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.
