AutoNation, Inc. (AN) Expected to Post Quarterly Sales of $5.6 Billion
Brokerages expect AutoNation, Inc. (NYSE:AN) to report $5.6 billion in sales for the current quarter, Zacks reports. Sixteen analysts have provided estimates for AutoNation’s earnings. The lowest sales estimate is $5.46 billion and the highest is $5.78 billion. AutoNation reported sales of $5.44 billion during the same quarter last year, which would suggest a positive year over year growth rate of 2.9%. The business is expected to report its next earnings report on Friday, August 4th.
On average, analysts expect that AutoNation will report full year sales of $5.6 billion for the current fiscal year, with estimates ranging from $21.75 billion to $22.76 billion. For the next year, analysts forecast that the firm will post sales of $22.65 billion per share, with estimates ranging from $21.81 billion to $23.27 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that that provide coverage for AutoNation.
AutoNation (NYSE:AN) last released its quarterly earnings data on Tuesday, April 25th. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.06. The business earned $5.14 billion during the quarter, compared to the consensus estimate of $5.33 billion. AutoNation had a return on equity of 19.32% and a net margin of 1.99%. The firm’s revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.93 earnings per share.
Several research analysts have recently weighed in on the company. Susquehanna Bancshares Inc assumed coverage on AutoNation in a research report on Thursday, February 2nd. They issued a “neutral” rating and a $49.00 price objective for the company. Jefferies Group LLC reaffirmed a “hold” rating and issued a $49.00 target price on shares of AutoNation in a research report on Monday, February 6th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $50.00 target price (down from $52.00) on shares of AutoNation in a research report on Saturday, April 29th. TheStreet lowered AutoNation from a “b-” rating to a “c+” rating in a research report on Wednesday, March 1st. Finally, Evercore ISI lowered AutoNation from a “buy” rating to a “hold” rating in a research report on Monday, February 6th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $48.40.
Shares of AutoNation (NYSE:AN) opened at 40.74 on Friday. The company has a market capitalization of $4.13 billion, a P/E ratio of 9.64 and a beta of 1.05. The firm has a 50 day moving average price of $41.89 and a 200 day moving average price of $45.97. AutoNation has a one year low of $39.13 and a one year high of $54.15.
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In other AutoNation news, EVP Jonathan P. Ferrando sold 17,000 shares of AutoNation stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $45.31, for a total transaction of $770,270.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jonathan P. Ferrando sold 110,430 shares of AutoNation stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of $44.86, for a total value of $4,953,889.80. The disclosure for this sale can be found here. Insiders have sold a total of 429,837 shares of company stock valued at $19,590,406 in the last quarter. Company insiders own 2.90% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Bank of Montreal Can increased its position in shares of AutoNation by 22.3% in the third quarter. Bank of Montreal Can now owns 35,560 shares of the company’s stock worth $1,733,000 after buying an additional 6,475 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of AutoNation by 86.7% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 20,873 shares of the company’s stock worth $1,017,000 after buying an additional 9,694 shares during the last quarter. Northern Capital Management LLC acquired a new position in shares of AutoNation during the third quarter worth $3,379,000. Vantage Investment Partners LLC increased its position in shares of AutoNation by 3.6% in the third quarter. Vantage Investment Partners LLC now owns 52,333 shares of the company’s stock worth $2,549,000 after buying an additional 1,833 shares during the last quarter. Finally, Bruni J V & Co. Co. increased its position in shares of AutoNation by 59.6% in the third quarter. Bruni J V & Co. Co. now owns 265,160 shares of the company’s stock worth $12,916,000 after buying an additional 98,974 shares during the last quarter. Hedge funds and other institutional investors own 66.90% of the company’s stock.
AutoNation, Inc (AutoNation) is an automotive retailer in the United States. The Company offers a range of automotive products and services, including new vehicles, used vehicles, parts and service, which includes automotive repair and maintenance services, as well as wholesale parts and collision businesses, and automotive finance and insurance products, including vehicle service and other protection products, as well as the arranging of financing for vehicle purchases through third-party finance sources.
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