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FINWIRES

Research Alert: CFRA Reiterates Strong Buy Opinion On Shares Of Autonation, Inc.

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-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lower our 12-month price target by $15 to $250, based on a 2027 P/E of 10.4x, a premium to historic averages justified by market conditions we consider early cycle. We lower our adjusted EPS estimates to $21.65 from $22.30 for '26 and to $24.00 from $24.20 for '27. Following its Q1 earnings beat, we are reiterating our Strong Buy opinion but lowering our estimates and price target on AN. The company continues to execute, as the quarter represented AN's sixth consecutive earnings beat. We were encouraged to see a significant uptick in the company's share repurchases, as AN bought back $300M of stock in Q1, thereby retiring 4% of total outstanding shares (an increase from its average quarterly buybacks of ~$196M in 2025). AN remains one of our top picks in auto retail, with its EPS-boosting buybacks and accretive bolt-on acquisitions likely to result in stronger growth relative to industry peers. While the fundamental environment remains challenging, we see significant upside over the next few years.

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Research Alert: CFRA Maintains Sell Opinion On Shares Of Sirius Xm Holdings Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month target price by $5 to $22, applying an EV/revenue multiple of 2.0x to our 2026 estimate, a discount to its three-year historical average multiple of 2.5x. We trim our 2026 EPS estimate by $0.01 to $3.09 and raise 2027's by $0.14 to $3.45. There was mention of a softer auto sales environment, which created headwinds for trial starts and impacted subscriber acquisition, particularly following last year's tariff-driven pull forward in vehicle sales. Conversion rates for self-pay subscribers saw slight declines, especially as younger car purchasers entered the trial funnel, and used car conversion rates remained lower than new car rates. Subscriber trends are expected to be modestly lower Y/Y, with management cautioning about ongoing pressures and declining to change subscriber guidance for the year due to uncertainties in auto sales and companion subscription take rates.

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