Analysts forecast that AutoNation, Inc. (NYSE:AN) will report sales of $5.40 billion for the current fiscal quarter, according to Zacks. Sixteen analysts have issued estimates for AutoNation’s earnings. The lowest sales estimate is $5.24 billion and the highest is $5.61 billion. AutoNation reported sales of $5.28 billion in the same quarter last year, which indicates a positive year over year growth rate of 2.3%. The company is scheduled to announce its next quarterly earnings report on Wednesday, August 1st.
On average, analysts expect that AutoNation will report full-year sales of $21.89 billion for the current financial year, with estimates ranging from $21.26 billion to $22.43 billion. For the next fiscal year, analysts expect that the company will report sales of $22.03 billion per share, with estimates ranging from $20.51 billion to $22.82 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for AutoNation.
AutoNation (NYSE:AN) last released its earnings results on Tuesday, May 1st. The company reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.01. The firm had revenue of $5.26 billion for the quarter, compared to the consensus estimate of $5.28 billion. AutoNation had a return on equity of 15.97% and a net margin of 1.99%. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 EPS.
AN has been the subject of a number of recent analyst reports. Morgan Stanley boosted their price objective on AutoNation from $49.00 to $57.00 and gave the company an “overweight” rating in a report on Wednesday, March 14th. Guggenheim initiated coverage on AutoNation in a report on Monday, April 16th. They set a “neutral” rating for the company. Bank of America set a $68.00 price objective on AutoNation and gave the company a “hold” rating in a report on Friday, February 9th. Jefferies Group reiterated a “hold” rating and issued a $60.00 target price on shares of AutoNation in a report on Friday, February 2nd. Finally, ValuEngine cut AutoNation from a “buy” rating to a “hold” rating in a report on Wednesday, March 28th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $50.78.
A number of large investors have recently made changes to their positions in AN. Robeco Institutional Asset Management B.V. acquired a new position in AutoNation during the 1st quarter valued at about $113,000. State of Alaska Department of Revenue acquired a new position in AutoNation during the 4th quarter valued at about $195,000. Campbell & CO Investment Adviser LLC acquired a new position in AutoNation during the 1st quarter valued at about $201,000. MANA Advisors LLC acquired a new position in AutoNation during the 4th quarter valued at about $218,000. Finally, Leisure Capital Management acquired a new position in AutoNation during the 1st quarter valued at about $257,000. 67.49% of the stock is currently owned by institutional investors.
AutoNation traded up $0.04, reaching $45.94, during trading hours on Monday, according to Marketbeat.com. 1,310,100 shares of the company’s stock traded hands, compared to its average volume of 910,683. AutoNation has a 52-week low of $38.20 and a 52-week high of $62.02. The company has a quick ratio of 0.21, a current ratio of 0.86 and a debt-to-equity ratio of 0.79. The stock has a market cap of $4.16 billion, a P/E ratio of 12.06, a PEG ratio of 1.34 and a beta of 1.40.
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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