Equities research analysts expect AutoNation, Inc. (NYSE:AN) to report sales of $5.59 billion for the current quarter, according to Zacks. Thirteen analysts have provided estimates for AutoNation’s earnings, with the lowest sales estimate coming in at $5.40 billion and the highest estimate coming in at $5.93 billion. AutoNation reported sales of $5.43 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.9%. The company is scheduled to issue its next quarterly earnings report on Thursday, November 1st.
On average, analysts expect that AutoNation will report full year sales of $21.90 billion for the current year, with estimates ranging from $21.55 billion to $22.20 billion. For the next fiscal year, analysts forecast that the business will post sales of $22.01 billion per share, with estimates ranging from $20.92 billion to $22.76 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover AutoNation.
AutoNation (NYSE:AN) last released its quarterly earnings data on Wednesday, August 1st. The company reported $1.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.01. AutoNation had a net margin of 2.02% and a return on equity of 16.64%. The business had revenue of $5.39 billion during the quarter, compared to analysts’ expectations of $5.42 billion. During the same period in the prior year, the company earned $0.86 EPS. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year.
Several brokerages have issued reports on AN. Morgan Stanley cut shares of AutoNation from an “overweight” rating to an “underweight” rating and set a $57.00 price target for the company. in a research report on Tuesday, July 10th. Buckingham Research decreased their price target on shares of AutoNation from $51.00 to $47.00 and set a “neutral” rating for the company in a research report on Thursday, August 2nd. ValuEngine cut shares of AutoNation from a “hold” rating to a “sell” rating in a research report on Monday, August 13th. Finally, SunTrust Banks began coverage on shares of AutoNation in a research report on Friday, August 24th. They issued a “hold” rating and a $48.00 price target for the company. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $52.88.
NYSE AN traded down $0.16 on Friday, hitting $43.53. The company’s stock had a trading volume of 677,700 shares, compared to its average volume of 884,024. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.20 and a current ratio of 0.86. AutoNation has a 1-year low of $42.94 and a 1-year high of $62.02. The stock has a market cap of $4.02 billion, a P/E ratio of 11.43, a price-to-earnings-growth ratio of 1.41 and a beta of 1.28.
In other news, CEO Michael J. Jackson sold 33,006 shares of the company’s stock in a transaction on Friday, June 15th. The shares were sold at an average price of $49.36, for a total value of $1,629,176.16. Following the sale, the chief executive officer now directly owns 164,107 shares of the company’s stock, valued at approximately $8,100,321.52. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director David B. Edelson sold 42,000 shares of the company’s stock in a transaction on Tuesday, July 10th. The shares were sold at an average price of $48.28, for a total transaction of $2,027,760.00. Following the completion of the sale, the director now directly owns 70,946 shares in the company, valued at $3,425,272.88. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 118,461 shares of company stock valued at $5,685,865. Corporate insiders own 2.80% of the company’s stock.
Several large investors have recently bought and sold shares of AN. Robeco Institutional Asset Management B.V. bought a new position in AutoNation during the first quarter worth $113,000. Campbell & CO Investment Adviser LLC bought a new position in AutoNation during the first quarter worth $201,000. Jane Street Group LLC bought a new position in AutoNation during the second quarter worth $222,000. Leisure Capital Management bought a new position in AutoNation during the first quarter worth $257,000. Finally, Candriam Luxembourg S.C.A. bought a new position in AutoNation during the first quarter worth $259,000. 65.92% of the stock is currently owned by institutional investors.
AutoNation Company Profile
AutoNation, Inc, through its subsidiaries, operates as an automotive retailer in the United States. The company operates through three segments: Domestic, Import, and Premium Luxury. It offers a range of automotive products and services, including new and used vehicles; and parts and services, such as automotive repair and maintenance, and wholesale parts and collision services.
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