Equities research analysts expect AutoNation, Inc. (NYSE:AN) to announce sales of $5.59 billion for the current quarter, according to Zacks Investment Research. Thirteen analysts have made estimates for AutoNation’s earnings. The highest sales estimate is $5.84 billion and the lowest is $5.36 billion. AutoNation posted sales of $5.68 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 1.6%. The business is expected to report its next quarterly earnings report on Thursday, February 7th.
On average, analysts expect that AutoNation will report full-year sales of $21.65 billion for the current fiscal year, with estimates ranging from $21.36 billion to $22.13 billion. For the next fiscal year, analysts anticipate that the company will post sales of $21.79 billion, with estimates ranging from $20.83 billion to $22.69 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow AutoNation.
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, meeting the consensus estimate of $1.24. AutoNation had a net margin of 2.10% and a return on equity of 16.21%. The company had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.58 billion. During the same quarter in the previous year, the business earned $1.00 EPS. The firm’s revenue was down 1.5% on a year-over-year basis.
AN has been the subject of several research analyst reports. TheStreet lowered shares of AutoNation from a “b-” rating to a “c+” rating in a report on Tuesday, September 25th. Wolfe Research lowered shares of AutoNation from a “market perform” rating to an “underperform” rating and decreased their price target for the company from $46.00 to $37.00 in a report on Tuesday, October 2nd. Bank of America raised shares of 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. ValuEngine raised shares of AutoNation from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 24th. Finally, Buckingham Research decreased their price target on shares of AutoNation from $42.00 to $38.00 and set a “neutral” rating for the company in a report on Wednesday, October 31st. Three 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. AutoNation has a consensus rating of “Hold” and an average target price of $46.00.
In related news, Director Robert R. Grusky sold 2,500 shares of the company’s stock in a transaction on Tuesday, November 13th. The shares were sold at an average price of $40.00, for a total value of $100,000.00. Following the completion of the transaction, the director now directly owns 35,177 shares of the company’s stock, valued at approximately $1,407,080. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Michael J. Jackson sold 74,208 shares of the company’s stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $40.69, for a total transaction of $3,019,523.52. Following the completion of the transaction, the chief executive officer now directly owns 168,205 shares of the company’s stock, valued at $6,844,261.45. The disclosure for this sale can be found here. 2.80% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of the business. Mutual of America Capital Management LLC lifted its position in AutoNation by 2.5% during the 2nd quarter. Mutual of America Capital Management LLC now owns 50,544 shares of the company’s stock worth $2,455,000 after buying an additional 1,233 shares in the last quarter. Stone Ridge Asset Management LLC lifted its position in AutoNation by 20.9% during the 3rd quarter. Stone Ridge Asset Management LLC now owns 8,674 shares of the company’s stock worth $360,000 after buying an additional 1,498 shares in the last quarter. Sei Investments Co. lifted its position in AutoNation by 29.1% during the 2nd quarter. Sei Investments Co. now owns 8,262 shares of the company’s stock worth $401,000 after buying an additional 1,861 shares in the last quarter. Clear Harbor Asset Management LLC lifted its position in AutoNation by 30.7% during the 3rd quarter. Clear Harbor Asset Management LLC now owns 9,375 shares of the company’s stock worth $397,000 after buying an additional 2,200 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its position in AutoNation by 12.5% during the 3rd quarter. Pacer Advisors Inc. now owns 20,810 shares of the company’s stock worth $865,000 after buying an additional 2,320 shares in the last quarter. 64.13% of the stock is currently owned by hedge funds and other institutional investors.
Shares of AN stock opened at $34.57 on Monday. AutoNation has a 12-month low of $34.25 and a 12-month high of $62.02. The firm has a market capitalization of $3.11 billion, a PE ratio of 9.07, a PEG ratio of 1.20 and a beta of 1.21. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.86 and a quick ratio of 0.20.
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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