Analysts forecast that AutoNation, Inc. (NYSE:AN) will announce sales of $5.57 billion for the current fiscal quarter, according to Zacks Investment Research. Sixteen analysts have issued estimates for AutoNation’s earnings, with the lowest sales estimate coming in at $5.24 billion and the highest estimate coming in at $5.78 billion. AutoNation reported sales of $5.44 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 2.4%. The business is expected to announce its next quarterly earnings report before the market opens on Wednesday, August 2nd.

According to Zacks, analysts expect that AutoNation will report full year sales of $5.57 billion for the current fiscal year, with estimates ranging from $21.43 billion to $22.41 billion. For the next year, analysts anticipate that the firm will post sales of $22.42 billion per share, with estimates ranging from $21.80 billion to $23.27 billion. Zacks’ sales calculations are an average based on a survey of research analysts that follow AutoNation.

AutoNation (NYSE:AN) last posted its earnings results on Tuesday, April 25th. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.06. The firm had revenue of $5.14 billion during the quarter, compared to analyst estimates of $5.33 billion. AutoNation had a net margin of 2.00% and a return on equity of 18.40%. The business’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.93 EPS.

Several research firms have recently commented on AN. Wells Fargo & Company restated a “market perform” rating and set a $45.00 price target (down previously from $48.50) on shares of AutoNation in a research note on Monday. Deutsche Bank AG restated a “hold” rating and set a $50.00 price target (down previously from $52.00) on shares of AutoNation in a research note on Saturday, April 29th. BidaskClub upgraded AutoNation from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 29th. Jefferies Group LLC reiterated a “hold” rating and issued a $49.00 price objective on shares of AutoNation in a research report on Thursday, July 6th. Finally, Morgan Stanley cut their price objective on AutoNation from $57.00 to $53.00 and set an “overweight” rating for the company in a research report on Friday, June 9th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $47.78.

AutoNation (NYSE AN) traded down 0.02% during trading on Friday, hitting $42.97. 742,158 shares of the stock traded hands. AutoNation has a 12 month low of $38.20 and a 12 month high of $54.15. The stock has a market cap of $4.35 billion, a P/E ratio of 10.16 and a beta of 1.25. The firm’s 50-day moving average is $41.15 and its 200-day moving average is $44.00.

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Several hedge funds and other institutional investors have recently made changes to their positions in AN. Nordea Investment Management AB boosted its position in shares of AutoNation by 43.8% in the first quarter. Nordea Investment Management AB now owns 3,285 shares of the company’s stock worth $139,000 after buying an additional 1,000 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in shares of AutoNation by 178.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 4,454 shares of the company’s stock worth $198,000 after buying an additional 2,854 shares in the last quarter. Contravisory Investment Management Inc. purchased a new position in shares of AutoNation during the first quarter worth $205,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of AutoNation during the first quarter worth $206,000. Finally, Achmea Investment Management B.V. purchased a new position in shares of AutoNation during the first quarter worth $209,000. Institutional investors and hedge funds own 66.12% of the company’s stock.

About AutoNation

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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Earnings History and Estimates for AutoNation (NYSE:AN)

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