-- 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.