Media stories about AutoNation (NYSE:AN) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. AutoNation earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 47.4496687827683 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- AutoNation (AN) Coverage Initiated at Moffett Nathanson (americanbankingnews.com)
- Hilltoppers Accept Fourth Consecutive Bowl Invitation; Set to Face Georgia State in Cure Bowl (wkusports.com)
- Bill Nygren Buys Netflix Inc, General Electric Co, Anadarko Petroleum Corp, Sells FedEx Corp, … (nasdaq.com)
- AutoNation to Host Florida Hiring Event – Markets Insider (markets.businessinsider.com)
AN has been the subject of several analyst reports. Deutsche Bank reiterated a “hold” rating and issued a $43.00 price target (down from $46.00) on shares of AutoNation in a report on Wednesday, August 9th. BidaskClub upgraded AutoNation from a “strong sell” rating to a “sell” rating in a report on Monday, August 14th. KeyCorp reiterated a “hold” rating on shares of AutoNation in a report on Friday, September 1st. ValuEngine downgraded AutoNation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Jefferies Group reiterated a “hold” rating and issued a $44.00 price target on shares of AutoNation in a report on Sunday, September 10th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. AutoNation currently has a consensus rating of “Hold” and a consensus price target of $46.88.
AutoNation (NYSE:AN) traded down $0.56 during mid-day trading on Wednesday, hitting $55.28. The stock had a trading volume of 895,914 shares, compared to its average volume of 1,305,704. The firm has a market cap of $5,100.00, a P/E ratio of 14.57, a price-to-earnings-growth ratio of 2.33 and a beta of 1.28. 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 $57.83.
AutoNation (NYSE:AN) last released its quarterly earnings data on Thursday, November 2nd. The company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.16. The business had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.58 billion. AutoNation had a return on equity of 16.40% and a net margin of 1.87%. The business’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.05 EPS. equities analysts forecast that AutoNation will post 3.76 earnings per share for the current year.
AutoNation announced that its board has approved a share repurchase program on Tuesday, August 29th that permits the company to buyback $250.00 million in shares. This buyback authorization permits the company to purchase up to 6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
In related news, COO Lance E. Iserman sold 5,886 shares of the stock in a transaction on Friday, November 10th. The stock was sold at an average price of $52.46, for a total value of $308,779.56. Following the completion of the sale, the chief operating officer now directly owns 4,860 shares in the company, valued at approximately $254,955.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Donna L. Parlapiano sold 3,367 shares of the stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $51.81, for a total value of $174,444.27. Following the completion of the sale, the executive vice president now owns 11,469 shares of the company’s stock, valued at $594,208.89. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,733 shares of company stock valued at $676,747. Insiders own 3.10% 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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