Brokerages forecast that AutoNation, Inc. (NYSE:AN) will post earnings per share (EPS) of $0.89 for the current fiscal quarter, according to Zacks. Sixteen analysts have issued estimates for AutoNation’s earnings, with the lowest EPS estimate coming in at $0.82 and the highest estimate coming in at $0.98. AutoNation posted earnings of $1.11 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 19.8%. The firm is expected to report its next earnings results on Friday, October 27th.

On average, analysts expect that AutoNation will report full year earnings of $3.57 per share for the current fiscal year, with EPS estimates ranging from $3.48 to $3.67. For the next fiscal year, analysts anticipate that the business will report earnings of $3.85 per share, with EPS estimates ranging from $3.40 to $4.30. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for AutoNation.

AutoNation (NYSE:AN) last announced its earnings results on Wednesday, August 2nd. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.12). AutoNation had a net margin of 1.90% and a return on equity of 16.71%. The firm had revenue of $5.28 billion for the quarter, compared to analyst estimates of $5.56 billion. During the same period last year, the firm earned $1.08 earnings per share. AutoNation’s revenue for the quarter was down 3.0% compared to the same quarter last year.

A number of equities analysts have issued reports on AN shares. BidaskClub cut shares of AutoNation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $43.00 price objective (down from $46.00) on shares of AutoNation in a research note on Wednesday, August 9th. KeyCorp reaffirmed a “hold” rating on shares of AutoNation in a research note on Friday, September 1st. Jefferies Group LLC reaffirmed a “hold” rating and issued a $44.00 price objective on shares of AutoNation in a research note on Sunday. Finally, Northcoast Research raised shares of AutoNation from a “neutral” rating to a “buy” rating and set a $51.00 price objective on the stock in a research note on Thursday, June 8th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $45.70.

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Shares of AutoNation (AN) traded down 0.60% during mid-day trading on Thursday, reaching $46.24. 478,397 shares of the company’s stock traded hands. The firm has a market cap of $4.64 billion, a price-to-earnings ratio of 11.51 and a beta of 1.22. AutoNation has a 52 week low of $38.20 and a 52 week high of $53.74. The company’s 50 day moving average is $42.44 and its 200-day moving average is $41.95.

AutoNation announced that its board has approved a stock repurchase plan on Tuesday, August 29th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

In related news, Director Robert R. Grusky sold 2,800 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $38.99, for a total value of $109,172.00. Following the sale, the director now directly owns 30,713 shares of the company’s stock, valued at approximately $1,197,499.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.10% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Nordea Investment Management AB lifted its position in AutoNation by 43.8% in the 1st quarter. Nordea Investment Management AB now owns 3,285 shares of the company’s stock valued at $139,000 after acquiring an additional 1,000 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its position in AutoNation by 178.4% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 4,454 shares of the company’s stock valued at $198,000 after acquiring an additional 2,854 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in AutoNation in the 1st quarter valued at $206,000. Achmea Investment Management B.V. bought a new stake in AutoNation in the 1st quarter valued at $209,000. Finally, Invictus RG lifted its position in AutoNation by 58.2% in the 1st quarter. Invictus RG now owns 4,981 shares of the company’s stock valued at $211,000 after acquiring an additional 1,833 shares in the last quarter. 73.44% of the stock is currently owned by institutional investors and hedge funds.

AutoNation Company Profile

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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