AutoNation (AN) Issues Quarterly Earnings Results, Hits Estimates

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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.

In other AutoNation news, Director Rick L. Burdick sold 4,808 shares of the company’s stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $47.00, for a total transaction of $225,976.00. Following the completion of the transaction, the director now owns 38,686 shares of the company’s stock, valued at approximately $1,818,242. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael J. Jackson sold 37,104 shares of the company’s stock in a transaction that occurred on Friday, August 3rd. The stock was sold at an average price of $46.60, for a total value of $1,729,046.40. Following the completion of the sale, the chief executive officer now owns 168,205 shares in the company, valued at approximately $7,838,353. The disclosure for this sale can be found here. In the last three months, insiders sold 43,455 shares of company stock valued at $2,028,929. 2.80% of the stock is currently owned by corporate insiders.

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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Earnings History for AutoNation (NYSE:AN)

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