AutoNation (NYSE:AN) posted its earnings results on Tuesday. The company reported $1.24 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.24, MarketWatch Earnings reports. AutoNation had a return on equity of 16.49% and a net margin of 2.10%. The business had revenue of $5.35 billion during the quarter, compared to analysts’ expectations of $5.58 billion. During the same period in the previous year, the business earned $1.00 earnings per share. The firm’s revenue was down 1.5% on a year-over-year basis.
NYSE AN opened at $40.48 on Thursday. AutoNation has a 1-year low of $37.64 and a 1-year high of $62.02. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.86 and a quick ratio of 0.20. The stock has a market capitalization of $3.64 billion, a PE ratio of 10.62, a P/E/G ratio of 1.13 and a beta of 1.25.
Several brokerages have issued reports on AN. ValuEngine raised AutoNation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 24th. Buckingham Research lowered their target price on AutoNation from $42.00 to $38.00 and set a “neutral” rating for the company in a research note on Wednesday. Bank of America raised AutoNation from a “neutral” rating to a “buy” rating and set a $59.00 target price for the company in a research note on Wednesday, October 24th. They noted that the move was a valuation call. SunTrust Banks started coverage on AutoNation in a research note on Friday, August 24th. They issued a “hold” rating and a $48.00 target price for the company. Finally, Morgan Stanley lowered AutoNation from an “overweight” rating to an “underweight” rating and set a $57.00 target price for the company. in a research note on Tuesday, July 10th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $49.86.
AutoNation Company Profile
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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