Wall Street brokerages predict that AutoNation, Inc. (NYSE:AN) will announce $2.54 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for AutoNation’s earnings, with the lowest EPS estimate coming in at $2.29 and the highest estimate coming in at $2.72. AutoNation posted earnings per share of $1.41 during the same quarter last year, which suggests a positive year-over-year growth rate of 80.1%. The company is scheduled to report its next quarterly earnings report on Thursday, July 22nd.
On average, analysts expect that AutoNation will report full year earnings of $9.55 per share for the current financial year, with EPS estimates ranging from $7.85 to $10.59. For the next year, analysts expect that the business will report earnings of $8.90 per share, with EPS estimates ranging from $7.85 to $10.31. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover AutoNation.
AutoNation (NYSE:AN) last announced its earnings results on Monday, April 19th. The company reported $2.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.99. AutoNation had a net margin of 1.92% and a return on equity of 17.17%. The business had revenue of $5.90 billion for the quarter, compared to analyst estimates of $5.03 billion. During the same period last year, the firm posted $0.91 earnings per share. The company’s revenue for the quarter was up 26.5% compared to the same quarter last year.
AN has been the topic of a number of analyst reports. Truist lifted their price objective on shares of AutoNation from $80.00 to $100.00 in a research report on Wednesday, April 21st. JPMorgan Chase & Co. lowered shares of AutoNation from an “overweight” rating to a “neutral” rating and set a $75.00 price objective on the stock. in a research report on Friday, January 15th. They noted that the move was a valuation call. Morgan Stanley lifted their price objective on shares of AutoNation from $60.00 to $65.00 and gave the company an “underweight” rating in a research report on Wednesday, April 28th. Truist Securities lifted their price objective on shares of AutoNation from $80.00 to $100.00 and gave the company a “hold” rating in a research report on Tuesday, April 27th. Finally, Benchmark upgraded shares of AutoNation from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a research report on Wednesday, April 28th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $79.22.
NYSE:AN traded up $1.69 during midday trading on Tuesday, reaching $105.16. The stock had a trading volume of 1,183,468 shares, compared to its average volume of 763,762. The firm has a fifty day simple moving average of $94.28 and a two-hundred day simple moving average of $76.12. AutoNation has a 12-month low of $31.88 and a 12-month high of $105.22. The company has a quick ratio of 0.32, a current ratio of 0.98 and a debt-to-equity ratio of 0.53. The stock has a market cap of $8.46 billion, a P/E ratio of 23.95, a P/E/G ratio of 1.22 and a beta of 1.57.
In other news, major shareholder Edward S. Lampert sold 94,273 shares of AutoNation stock in a transaction on Monday, April 26th. The stock was sold at an average price of $103.75, for a total transaction of $9,780,823.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Edward S. Lampert sold 133,770 shares of AutoNation stock in a transaction on Monday, May 3rd. The stock was sold at an average price of $103.72, for a total value of $13,874,624.40. The disclosure for this sale can be found here. In the last three months, insiders sold 592,116 shares of company stock valued at $56,775,068. 2.10% of the stock is owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its stake in AutoNation by 7,502.0% in the 4th quarter. Victory Capital Management Inc. now owns 2,372,513 shares of the company’s stock valued at $165,578,000 after purchasing an additional 2,341,304 shares during the last quarter. Norges Bank acquired a new position in AutoNation in the 4th quarter valued at about $47,569,000. Wedge Capital Management L L P NC raised its stake in AutoNation by 5,070.9% in the 1st quarter. Wedge Capital Management L L P NC now owns 374,221 shares of the company’s stock valued at $34,885,000 after purchasing an additional 366,984 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in AutoNation in the 1st quarter valued at about $25,430,000. Finally, Ferguson Wellman Capital Management Inc. acquired a new position in AutoNation in the 1st quarter valued at about $20,729,000. 63.36% of the stock is owned by institutional investors and hedge funds.
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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