Analysts expect that AutoNation, Inc. (NYSE:AN) will report $1.14 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for AutoNation’s earnings. The lowest EPS estimate is $1.05 and the highest is $1.27. AutoNation reported earnings of $1.10 per share during the same quarter last year, which would indicate a positive year over year growth rate of 3.6%. The business is expected to announce its next quarterly earnings report on Friday, February 28th.
According to Zacks, analysts expect that AutoNation will report full-year earnings of $4.39 per share for the current year, with EPS estimates ranging from $4.28 to $4.48. For the next financial year, analysts forecast that the company will post earnings of $4.80 per share, with EPS estimates ranging from $4.55 to $5.50. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for AutoNation.
AutoNation (NYSE:AN) last issued its earnings results on Tuesday, October 29th. The company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.11 by ($0.01). AutoNation had a return on equity of 14.37% and a net margin of 1.82%. The company had revenue of $5.46 billion during the quarter, compared to the consensus estimate of $5.38 billion. During the same quarter in the prior year, the business earned $1.24 EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year.
AN has been the subject of a number of recent analyst reports. ValuEngine lowered shares of AutoNation from a “sell” rating to a “strong sell” rating in a research report on Wednesday, November 20th. Cfra upgraded AutoNation from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. Finally, Morgan Stanley lifted their price objective on AutoNation from $39.00 to $42.00 and gave the company an “underweight” rating in a research note on Tuesday, October 15th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $43.18.
AutoNation stock traded down $0.29 during midday trading on Monday, reaching $50.86. 6,835 shares of the stock were exchanged, compared to its average volume of 338,045. The company’s fifty day moving average is $51.51 and its 200-day moving average is $46.91. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.22 and a current ratio of 0.85. The firm has a market cap of $4.56 billion, a PE ratio of 11.33, a PEG ratio of 4.96 and a beta of 1.02. AutoNation has a 52 week low of $32.83 and a 52 week high of $53.19.
In related news, major shareholder Edward S. Lampert sold 71,920 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $51.96, for a total transaction of $3,736,963.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CMO Marc G. Cannon sold 18,637 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $51.00, for a total value of $950,487.00. Following the completion of the sale, the chief marketing officer now owns 18,163 shares of the company’s stock, valued at approximately $926,313. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 201,376 shares of company stock valued at $10,403,546. 2.40% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of AutoNation by 13.7% in the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,628,390 shares of the company’s stock valued at $152,175,000 after purchasing an additional 437,890 shares in the last quarter. Victory Capital Management Inc. boosted its position in AutoNation by 0.8% during the second quarter. Victory Capital Management Inc. now owns 3,480,004 shares of the company’s stock valued at $145,952,000 after buying an additional 28,175 shares during the period. Invesco Ltd. grew its stake in shares of AutoNation by 1,146.3% during the second quarter. Invesco Ltd. now owns 2,017,152 shares of the company’s stock valued at $84,599,000 after buying an additional 1,855,298 shares during the last quarter. Prudential Financial Inc. grew its stake in shares of AutoNation by 12.5% during the second quarter. Prudential Financial Inc. now owns 1,808,628 shares of the company’s stock valued at $75,854,000 after buying an additional 200,732 shares during the last quarter. Finally, Investec Asset Management LTD increased its holdings in shares of AutoNation by 20.9% in the second quarter. Investec Asset Management LTD now owns 648,507 shares of the company’s stock worth $20,942,000 after buying an additional 112,284 shares during the period. 64.18% of the stock is owned by institutional investors and hedge funds.
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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