AutoNation, Inc. (NYSE:AN) – Equities research analysts at Northcoast Research lowered their FY2019 earnings per share estimates for AutoNation in a research note issued to investors on Wednesday, October 31st. Northcoast Research analyst J. Healy now forecasts that the company will earn $4.79 per share for the year, down from their prior estimate of $4.90.
AutoNation (NYSE:AN) last announced its quarterly earnings results on Tuesday, October 30th. The company reported $1.24 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.24. The company had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.58 billion. AutoNation had a return on equity of 16.49% and a net margin of 2.10%. AutoNation’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.00 EPS.
Other analysts also recently issued reports about the company. Bank of America raised AutoNation from a “neutral” rating to a “buy” rating and set a $59.00 price target for the company in a report on Wednesday, October 24th. They noted that the move was a valuation call. TheStreet downgraded AutoNation from a “b-” rating to a “c+” rating in a report on Tuesday, September 25th. SunTrust Banks started coverage on AutoNation in a report on Friday, August 24th. They set a “hold” rating and a $48.00 price target for the company. Buckingham Research decreased their price target on AutoNation from $42.00 to $38.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, ValuEngine downgraded AutoNation from a “hold” rating to a “sell” rating in a report on Monday, August 13th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $49.86.
Shares of NYSE AN opened at $40.60 on Thursday. The stock has a market cap of $3.64 billion, a price-to-earnings ratio of 10.66, a price-to-earnings-growth ratio of 1.13 and a beta of 1.25. The company has a quick ratio of 0.20, a current ratio of 0.86 and a debt-to-equity ratio of 0.78. AutoNation has a 1 year low of $37.64 and a 1 year high of $62.02.
In other news, Director Rick L. Burdick sold 4,808 shares of the business’s stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $47.00, for a total value of $225,976.00. Following the completion of the sale, the director now directly owns 38,686 shares of the company’s stock, valued at approximately $1,818,242. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Christopher Cade sold 1,443 shares of the business’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $47.96, for a total value of $69,206.28. Following the completion of the sale, the chief accounting officer now directly owns 1,199 shares of the company’s stock, valued at $57,504.04. The disclosure for this sale can be found here. Insiders have sold a total of 6,351 shares of company stock valued at $299,882 over the last ninety days. 2.80% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the company. Oakbrook Investments LLC purchased a new stake in shares of AutoNation in the 3rd quarter valued at about $204,000. Jane Street Group LLC purchased a new stake in shares of AutoNation in the 2nd quarter valued at about $222,000. Sigma Planning Corp purchased a new stake in shares of AutoNation in the 2nd quarter valued at about $270,000. State of Alaska Department of Revenue lifted its holdings in shares of AutoNation by 40.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 6,360 shares of the company’s stock valued at $308,000 after purchasing an additional 1,820 shares during the last quarter. Finally, Atria Investments LLC purchased a new stake in shares of AutoNation in the 3rd quarter valued at about $322,000. 65.94% of the stock is owned by institutional investors and hedge funds.
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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