$5.95 Earnings Per Share Expected for AutoNation, Inc. (NYSE:AN) This Quarter

Analysts expect AutoNation, Inc. (NYSE:ANGet Rating) to announce earnings of $5.95 per share for the current quarter, Zacks reports. Four analysts have issued estimates for AutoNation’s earnings, with the highest EPS estimate coming in at $6.51 and the lowest estimate coming in at $5.65. AutoNation reported earnings per share of $4.83 in the same quarter last year, which suggests a positive year over year growth rate of 23.2%. The company is expected to report its next earnings results on Monday, January 1st.

On average, analysts expect that AutoNation will report full-year earnings of $23.20 per share for the current year, with EPS estimates ranging from $21.89 to $25.26. For the next year, analysts forecast that the firm will post earnings of $20.59 per share, with EPS estimates ranging from $18.50 to $22.50. Zacks’ EPS averages are a mean average based on a survey of analysts that follow AutoNation.

AutoNation (NYSE:ANGet Rating) last announced its quarterly earnings data on Thursday, April 21st. The company reported $5.78 EPS for the quarter, beating the consensus estimate of $5.39 by $0.39. AutoNation had a net margin of 5.60% and a return on equity of 59.93%. The business had revenue of $6.75 billion during the quarter, compared to analysts’ expectations of $6.51 billion. During the same period in the previous year, the business posted $2.79 EPS. The business’s quarterly revenue was up 14.4% compared to the same quarter last year.

Several research firms have recently weighed in on AN. Truist Financial raised shares of AutoNation from a “hold” rating to a “buy” rating and lifted their target price for the company from $130.00 to $140.00 in a report on Monday, April 25th. StockNews.com raised shares of AutoNation from a “buy” rating to a “strong-buy” rating in a report on Friday. Wells Fargo & Company lifted their target price on shares of AutoNation from $137.00 to $153.00 and gave the company an “overweight” rating in a report on Friday, April 22nd. JPMorgan Chase & Co. raised shares of AutoNation from a “neutral” rating to an “overweight” rating and cut their target price for the company from $140.00 to $130.00 in a report on Thursday, April 7th. Finally, Morgan Stanley cut their target price on shares of AutoNation from $108.00 to $107.00 and set an “equal weight” rating for the company in a report on Friday, May 20th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, AutoNation currently has an average rating of “Buy” and an average price target of $146.71.

In other news, major shareholder Edward S. Lampert sold 55,358 shares of the company’s stock in a transaction on Friday, April 1st. The shares were sold at an average price of $99.12, for a total transaction of $5,487,084.96. Following the completion of the sale, the insider now owns 9,474,550 shares of the company’s stock, valued at $939,117,396. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP C Coleman Edmunds sold 10,185 shares of the company’s stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of $120.00, for a total transaction of $1,222,200.00. Following the sale, the executive vice president now directly owns 23,857 shares of the company’s stock, valued at approximately $2,862,840. The disclosure for this sale can be found here. In the last three months, insiders sold 625,743 shares of company stock valued at $69,787,924. 0.64% of the stock is owned by insiders.

Several hedge funds have recently made changes to their positions in AN. Morgan Stanley boosted its position in shares of AutoNation by 9.8% during the 2nd quarter. Morgan Stanley now owns 444,022 shares of the company’s stock valued at $42,098,000 after acquiring an additional 39,642 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its position in shares of AutoNation by 13.2% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 7,405 shares of the company’s stock valued at $902,000 after acquiring an additional 863 shares during the last quarter. Assetmark Inc. boosted its position in shares of AutoNation by 86.3% during the 3rd quarter. Assetmark Inc. now owns 1,841 shares of the company’s stock valued at $224,000 after acquiring an additional 853 shares during the last quarter. Empirical Finance LLC acquired a new position in shares of AutoNation during the 3rd quarter valued at about $621,000. Finally, Brandywine Global Investment Management LLC boosted its position in shares of AutoNation by 6.6% during the 3rd quarter. Brandywine Global Investment Management LLC now owns 166,153 shares of the company’s stock valued at $20,231,000 after acquiring an additional 10,304 shares during the last quarter. 84.44% of the stock is currently owned by hedge funds and other institutional investors.

NYSE AN traded up $3.77 on Friday, hitting $122.13. 894,241 shares of the company’s stock traded hands, compared to its average volume of 905,424. The company has a current ratio of 1.16, a quick ratio of 0.55 and a debt-to-equity ratio of 1.51. AutoNation has a 1-year low of $88.32 and a 1-year high of $133.48. The firm’s 50-day moving average price is $111.60 and its two-hundred day moving average price is $113.40. The firm has a market capitalization of $7.50 billion, a PE ratio of 5.65, a P/E/G ratio of 0.20 and a beta of 1.14.

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.

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Earnings History and Estimates for AutoNation (NYSE:AN)

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