Equities research analysts expect that AutoNation, Inc. (NYSE:AN) will announce earnings of $1.14 per share for the current fiscal quarter, according to Zacks. Eleven analysts have issued estimates for AutoNation’s earnings. The highest EPS estimate is $1.24 and the lowest is $1.05. AutoNation reported earnings per share of $1.02 in the same quarter last year, which suggests a positive year-over-year growth rate of 11.8%. The firm is scheduled to issue its next quarterly earnings report before the market opens on Friday, February 22nd.
On average, analysts expect that AutoNation will report full year earnings of $4.54 per share for the current year, with EPS estimates ranging from $4.45 to $4.62. For the next year, analysts expect that the business will report earnings of $4.55 per share, with EPS estimates ranging from $3.87 to $4.90. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for AutoNation.
AutoNation (NYSE:AN) last posted its quarterly earnings data on Friday, February 22nd. The company reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.05). The company had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.63 billion. AutoNation had a net margin of 2.10% and a return on equity of 16.21%. The firm’s revenue was down 4.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.02 EPS.
Several research firms recently weighed in on AN. Seaport Global Securities began coverage on AutoNation in a research report on Wednesday, February 13th. They set a “neutral” rating and a $38.06 target price on the stock. ValuEngine downgraded AutoNation from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 1st. Morgan Stanley reduced their target price on AutoNation from $44.00 to $34.00 and set a “sell” rating on the stock in a research report on Wednesday, November 14th. Buckingham Research reduced their target price on AutoNation from $42.00 to $38.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 31st. Finally, JPMorgan Chase & Co. began coverage on AutoNation in a research report on Tuesday. They set an “underweight” rating and a $40.00 target price on the stock. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $42.01.
In other news, Director Robert R. Grusky sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $35.36, for a total value of $88,400.00. Following the transaction, the director now directly owns 39,611 shares in the company, valued at approximately $1,400,644.96. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director David B. Edelson sold 20,000 shares of the firm’s stock in a transaction dated Thursday, December 20th. The stock was sold at an average price of $33.99, for a total value of $679,800.00. Following the completion of the transaction, the director now owns 48,946 shares in the company, valued at $1,663,674.54. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,039 shares of company stock worth $786,143. Company insiders own 2.80% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. AlphaOne Investment Services LLC purchased a new stake in shares of AutoNation during the 4th quarter valued at about $25,000. Bessemer Group Inc. raised its holdings in shares of AutoNation by 67.8% during the 4th quarter. Bessemer Group Inc. now owns 881 shares of the company’s stock valued at $31,000 after buying an additional 356 shares during the period. We Are One Seven LLC purchased a new stake in shares of AutoNation during the 4th quarter valued at about $32,000. Quantamental Technologies LLC purchased a new stake in shares of AutoNation during the 4th quarter valued at about $67,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of AutoNation by 16.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,191 shares of the company’s stock valued at $150,000 after buying an additional 601 shares during the period. Institutional investors own 63.98% of the company’s stock.
Shares of AN traded down $1.47 during trading hours on Friday, reaching $36.91. 64,587 shares of the company traded hands, compared to its average volume of 708,320. The company has a quick ratio of 0.20, a current ratio of 0.86 and a debt-to-equity ratio of 0.75. The firm has a market cap of $3.52 billion, a P/E ratio of 9.71, a PEG ratio of 1.54 and a beta of 1.11. AutoNation has a fifty-two week low of $32.87 and a fifty-two week high of $52.68.
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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