Analysts Anticipate AutoNation, Inc. (NYSE:AN) Will Post Earnings of $5.68 Per Share

Equities analysts predict that AutoNation, Inc. (NYSE:ANGet Rating) will post earnings of $5.68 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for AutoNation’s earnings. The highest EPS estimate is $5.90 and the lowest is $5.12. AutoNation posted earnings per share of $4.83 during the same quarter last year, which suggests a positive year over year growth rate of 17.6%. The business is scheduled to report its next earnings report on Monday, January 1st.

On average, analysts expect that AutoNation will report full year earnings of $21.85 per share for the current year, with EPS estimates ranging from $19.80 to $24.36. For the next year, analysts expect that the business will report earnings of $19.38 per share, with EPS estimates ranging from $18.50 to $21.50. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for AutoNation.

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

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

AutoNation stock traded up $0.96 on Friday, reaching $123.82. The company’s stock had a trading volume of 817,641 shares, compared to its average volume of 1,087,634. The company has a market cap of $7.60 billion, a price-to-earnings ratio of 5.73, a PEG ratio of 0.25 and a beta of 1.14. AutoNation has a twelve month low of $88.32 and a twelve month high of $133.48. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.55 and a current ratio of 1.16. The business’s fifty day moving average price is $110.93 and its 200 day moving average price is $114.13.

In related news, Director David B. Edelson sold 13,200 shares of the stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Christopher Cade sold 8,627 shares of the stock in a transaction that occurred on Tuesday, April 26th. The shares were sold at an average price of $114.69, for a total value of $989,430.63. The disclosure for this sale can be found here. Insiders sold 432,709 shares of company stock valued at $47,964,300 over the last 90 days. Corporate insiders own 0.64% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of AN. Los Angeles Capital Management LLC raised its stake in AutoNation by 4.0% in the first quarter. Los Angeles Capital Management LLC now owns 259,646 shares of the company’s stock valued at $25,856,000 after buying an additional 10,084 shares during the period. Smith Graham & Co. Investment Advisors LP raised its stake in AutoNation by 3.5% in the first quarter. Smith Graham & Co. Investment Advisors LP now owns 65,346 shares of the company’s stock valued at $6,507,000 after buying an additional 2,198 shares during the period. Sheaff Brock Investment Advisors LLC raised its stake in AutoNation by 1.1% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 17,921 shares of the company’s stock valued at $1,785,000 after buying an additional 190 shares during the period. Kendall Capital Management raised its stake in AutoNation by 4.0% in the first quarter. Kendall Capital Management now owns 12,540 shares of the company’s stock valued at $1,249,000 after buying an additional 485 shares during the period. Finally, National Bank of Canada FI raised its stake in AutoNation by 182.4% in the first quarter. National Bank of Canada FI now owns 32,580 shares of the company’s stock valued at $3,411,000 after buying an additional 21,042 shares during the period. 84.44% of the stock is owned by hedge funds and other institutional investors.

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.

Recommended Stories

Get a free copy of the Zacks research report on AutoNation (AN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for AutoNation (NYSE:AN)

Receive News & Ratings for AutoNation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AutoNation and related companies with MarketBeat.com's FREE daily email newsletter.