AutoNation (AN) Scheduled to Post Earnings on Thursday

AutoNation (NYSE:ANGet Rating) is set to announce its earnings results before the market opens on Thursday, April 21st. Analysts expect the company to announce earnings of $5.39 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

AutoNation (NYSE:ANGet Rating) last released its earnings results on Thursday, February 17th. The company reported $5.76 earnings per share for the quarter, topping analysts’ consensus estimates of $5.00 by $0.76. The business had revenue of $6.58 billion for the quarter, compared to analyst estimates of $6.37 billion. AutoNation had a return on equity of 50.46% and a net margin of 5.31%. The business’s revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.43 earnings per share. On average, analysts expect AutoNation to post $20 EPS for the current fiscal year and $18 EPS for the next fiscal year.

Shares of AutoNation stock opened at $100.46 on Thursday. The firm has a market cap of $6.17 billion, a P/E ratio of 5.38, a P/E/G ratio of 0.22 and a beta of 1.35. The company has a current ratio of 0.92, a quick ratio of 0.31 and a debt-to-equity ratio of 1.20. AutoNation has a 12 month low of $88.32 and a 12 month high of $133.48. The stock’s fifty day moving average price is $109.05 and its 200-day moving average price is $114.80.

In other AutoNation news, major shareholder Edward S. Lampert sold 600 shares of the firm’s stock in a transaction dated Monday, March 28th. The stock was sold at an average price of $110.03, for a total value of $66,018.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Edward S. Lampert sold 13,210 shares of the firm’s stock in a transaction dated Friday, March 25th. The stock was 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. In the last ninety days, insiders have sold 196,846 shares of company stock worth $20,172,605. 0.64% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Barclays PLC boosted its holdings in AutoNation by 163.6% in the fourth quarter. Barclays PLC now owns 672,262 shares of the company’s stock worth $78,553,000 after acquiring an additional 417,243 shares in the last quarter. Morgan Stanley increased its holdings in AutoNation by 9.8% in the 2nd quarter. Morgan Stanley now owns 444,022 shares of the company’s stock worth $42,098,000 after buying an additional 39,642 shares during the period. Deutsche Bank AG lifted its stake in AutoNation by 415.0% during the 4th quarter. Deutsche Bank AG now owns 391,385 shares of the company’s stock valued at $45,734,000 after acquiring an additional 315,394 shares during the period. Comerica Bank lifted its stake in AutoNation by 8.1% during the 4th quarter. Comerica Bank now owns 33,238 shares of the company’s stock valued at $3,659,000 after acquiring an additional 2,494 shares during the period. Finally, Vident Investment Advisory LLC lifted its stake in AutoNation by 5.8% during the 4th quarter. Vident Investment Advisory LLC now owns 21,387 shares of the company’s stock valued at $2,499,000 after acquiring an additional 1,166 shares during the period. 91.80% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently commented on AN. Morgan Stanley raised 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. Wells Fargo & Company began coverage on AutoNation in a research note on Tuesday, January 18th. They set an “overweight” rating and a $135.00 price target on the stock. StockNews.com upgraded AutoNation from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 9th. Finally, JPMorgan Chase & Co. upgraded AutoNation from a “neutral” rating to an “overweight” rating and cut their price target for the company from $140.00 to $130.00 in a research note on Thursday, April 7th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $142.86.

AutoNation Company Profile (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.

See Also

Earnings History for AutoNation (NYSE:AN)

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