AutoNation, Inc. (NYSE:AN) Expected to Post Earnings of $5.67 Per Share

Equities analysts forecast that AutoNation, Inc. (NYSE:ANGet Rating) will post earnings of $5.67 per share for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for AutoNation’s earnings. The highest EPS estimate is $5.90 and the lowest is $5.12. AutoNation posted earnings of $4.83 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 17.4%. The company is scheduled to report its next earnings report on Monday, January 1st.

On average, analysts expect that AutoNation will report full year earnings of $22.02 per share for the current year, with EPS estimates ranging from $19.80 to $24.36. For the next fiscal year, analysts forecast that the business will post earnings of $19.55 per share, with EPS estimates ranging from $18.50 to $22.50. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow AutoNation.

AutoNation (NYSE:ANGet Rating) last posted its earnings results on Thursday, April 21st. The company reported $5.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.25 by $0.53. The firm had revenue of $6.75 billion for the quarter, compared to the consensus estimate of $6.51 billion. AutoNation had a return on equity of 59.93% and a net margin of 5.60%. The business’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.79 earnings per share.

Several equities analysts have weighed in on AN shares. JPMorgan Chase & Co. raised AutoNation from a “neutral” rating to an “overweight” rating and dropped their target price for the company from $140.00 to $130.00 in a research report on Thursday, April 7th. Truist Financial upgraded shares of AutoNation from a “hold” rating to a “buy” rating and raised their target price for the stock from $130.00 to $140.00 in a report on Monday, April 25th. Wells Fargo & Company upped their price target on shares of AutoNation from $137.00 to $153.00 and gave the company an “overweight” rating in a report on Friday, April 22nd. StockNews.com raised shares of AutoNation from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 9th. Finally, Morgan Stanley boosted their price target on AutoNation from $103.00 to $108.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 8th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, AutoNation presently has an average rating of “Buy” and a consensus price target of $146.86.

In other news, Director David B. Edelson sold 13,200 shares of the business’s stock in a transaction dated Friday, February 25th. The stock was sold at an average price of $108.00, for a total transaction of $1,425,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Edward S. Lampert sold 13,210 shares of the stock in a transaction dated Friday, March 25th. The shares were sold at an average price of $113.29, for a total value of $1,496,560.90. The disclosure for this sale can be found here. Insiders sold a total of 447,999 shares of company stock worth $49,815,311 in the last 90 days. 0.64% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in AutoNation by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 4,820,370 shares of the company’s stock valued at $480,012,000 after acquiring an additional 123,772 shares during the period. Arrowstreet Capital Limited Partnership grew its position in AutoNation by 18.8% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,294,303 shares of the company’s stock worth $157,594,000 after acquiring an additional 204,865 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of AutoNation by 73.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,166,834 shares of the company’s stock worth $136,345,000 after purchasing an additional 495,490 shares during the last quarter. Marshall Wace LLP raised its stake in AutoNation by 745.6% during the 4th quarter. Marshall Wace LLP now owns 769,812 shares of the company’s stock worth $89,950,000 after buying an additional 678,780 shares during the period. Finally, Barclays PLC grew its holdings in shares of AutoNation by 163.6% in the 4th quarter. Barclays PLC now owns 672,262 shares of the company’s stock valued at $78,553,000 after acquiring an additional 417,243 shares in the last quarter. Institutional investors and hedge funds own 84.44% of the company’s stock.

AN traded up $5.01 during trading hours on Friday, reaching $123.68. 946,302 shares of the company’s stock traded hands, compared to its average volume of 1,045,433. The company has a quick ratio of 0.55, a current ratio of 1.16 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $7.59 billion, a PE ratio of 5.73, a PEG ratio of 0.23 and a beta of 1.14. AutoNation has a 52-week low of $88.32 and a 52-week high of $133.48. The firm has a 50-day moving average price of $111.57 and a 200 day moving average price of $113.92.

About AutoNation (Get Rating)

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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Earnings History and Estimates for AutoNation (NYSE:AN)

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