Wall Street brokerages predict that AutoNation, Inc. (NYSE:AN) will post $0.92 earnings per share for the current fiscal quarter, Zacks reports. Sixteen analysts have provided estimates for AutoNation’s earnings, with the highest EPS estimate coming in at $1.01 and the lowest estimate coming in at $0.84. AutoNation posted earnings of $0.95 per share in the same quarter last year, which indicates a negative year over year growth rate of 3.2%. The firm is expected to announce its next earnings report before the market opens on Thursday, February 1st.
On average, analysts expect that AutoNation will report full year earnings of $3.75 per share for the current fiscal year, with EPS estimates ranging from $3.65 to $3.83. For the next year, analysts anticipate that the company will report earnings of $4.30 per share, with EPS estimates ranging from $3.64 to $5.09. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for AutoNation.
AutoNation (NYSE:AN) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.84 by $0.16. AutoNation had a return on equity of 16.40% and a net margin of 1.87%. The firm had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.58 billion. During the same period in the prior year, the company earned $1.05 EPS. The company’s revenue was down 2.4% on a year-over-year basis.
AN has been the topic of several recent research reports. Susquehanna Bancshares lowered AutoNation to a “neutral” rating and raised their price target for the stock from $36.00 to $38.00 in a research report on Monday, October 2nd. UBS Group lowered AutoNation from a “positive” rating to a “neutral” rating in a research report on Thursday, September 28th. Moffett Nathanson initiated coverage on AutoNation in a research report on Monday, December 4th. They set a “neutral” rating on the stock. ValuEngine upgraded AutoNation from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Finally, Jefferies Group raised their price target on AutoNation from $44.00 to $50.00 and gave the stock a “hold” rating in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $46.88.
AutoNation (NYSE:AN) opened at $58.93 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.17 and a debt-to-equity ratio of 0.59. AutoNation has a 1 year low of $38.20 and a 1 year high of $59.36. The stock has a market capitalization of $5,148.89, a P/E ratio of 14.84, a P/E/G ratio of 2.14 and a beta of 1.28.
In other news, EVP Donna L. Parlapiano sold 3,367 shares of AutoNation stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $51.81, for a total value of $174,444.27. Following the sale, the executive vice president now directly owns 11,469 shares in the company, valued at approximately $594,208.89. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert R. Grusky sold 10,000 shares of AutoNation stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $51.99, for a total value of $519,900.00. Following the completion of the sale, the director now owns 32,677 shares in the company, valued at $1,698,877.23. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,733 shares of company stock worth $1,471,647. Corporate insiders own 3.10% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. State of Alaska Department of Revenue bought a new stake in shares of AutoNation in the 4th quarter worth approximately $195,000. Nisa Investment Advisors LLC lifted its stake in shares of AutoNation by 4.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 28,922 shares of the company’s stock valued at $1,485,000 after purchasing an additional 1,200 shares during the period. Ameritas Investment Partners Inc. lifted its stake in shares of AutoNation by 1,332.8% in the 3rd quarter. Ameritas Investment Partners Inc. now owns 19,500 shares of the company’s stock valued at $884,000 after purchasing an additional 18,139 shares during the period. California Public Employees Retirement System lifted its stake in shares of AutoNation by 6.6% in the 3rd quarter. California Public Employees Retirement System now owns 176,140 shares of the company’s stock valued at $8,360,000 after purchasing an additional 10,940 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new position in shares of AutoNation in the 3rd quarter valued at approximately $1,737,000. Hedge funds and other institutional investors own 77.73% of the company’s stock.
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AutoNation, Inc (AutoNation) is an automotive retailer in the United States. The Company offers a range of automotive products and services, including new vehicles, used vehicles, parts and service, which includes automotive repair and maintenance services, as well as wholesale parts and collision businesses, and automotive finance and insurance products, including vehicle service and other protection products, as well as the arranging of financing for vehicle purchases through third-party finance sources.
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