Equities analysts expect that AutoNation, Inc. (NYSE:AN) will report sales of $5.60 billion for the current fiscal quarter, according to Zacks. Sixteen analysts have made estimates for AutoNation’s earnings. The lowest sales estimate is $5.39 billion and the highest is $5.80 billion. AutoNation posted sales of $5.57 billion during the same quarter last year, which suggests a positive year over year growth rate of 0.5%. The company is scheduled to report its next earnings report on Friday, October 27th.

On average, analysts expect that AutoNation will report full-year sales of $5.60 billion for the current year, with estimates ranging from $21.28 billion to $21.84 billion. For the next year, analysts anticipate that the business will report sales of $21.91 billion per share, with estimates ranging from $21.17 billion to $22.40 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover AutoNation.

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

Several brokerages have recently commented on AN. Jefferies Group LLC restated a “hold” rating and set a $44.00 price target on shares of AutoNation in a research note on Sunday, September 10th. ValuEngine lowered shares of AutoNation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. KeyCorp restated a “hold” rating on shares of AutoNation in a research note on Friday, September 1st. BidaskClub upgraded shares of AutoNation from a “strong sell” rating to a “sell” rating in a research note on Monday, August 14th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $43.00 price objective (down from $46.00) on shares of AutoNation in a report on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $45.70.

In other AutoNation news, Director Robert R. Grusky sold 2,800 shares of the 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 completion of the sale, the director now directly owns 30,713 shares of the company’s stock, valued at approximately $1,197,499.87. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.10% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the business. USA Financial Portformulas Corp boosted its holdings in AutoNation by 64.9% in the 2nd quarter. USA Financial Portformulas Corp now owns 9,698 shares of the company’s stock valued at $409,000 after purchasing an additional 3,816 shares during the period. Toronto Dominion Bank boosted its holdings in AutoNation by 25.5% in the 2nd quarter. Toronto Dominion Bank now owns 22,295 shares of the company’s stock valued at $940,000 after purchasing an additional 4,537 shares during the period. Nomura Holdings Inc. bought a new stake in AutoNation in the 2nd quarter valued at $219,000. BlueCrest Capital Management Ltd bought a new stake in AutoNation in the 2nd quarter valued at $2,304,000. Finally, Janus Henderson Group PLC boosted its holdings in AutoNation by 59.9% in the 2nd quarter. Janus Henderson Group PLC now owns 6,672 shares of the company’s stock valued at $281,000 after purchasing an additional 2,500 shares during the period. 73.44% of the stock is owned by hedge funds and other institutional investors.

AutoNation (NYSE AN) opened at 46.31 on Friday. AutoNation has a 12-month low of $38.20 and a 12-month high of $53.74. The firm has a market cap of $4.65 billion, a price-to-earnings ratio of 11.53 and a beta of 1.22. The company’s 50 day moving average is $42.76 and its 200 day moving average is $42.01.

AutoNation announced that its board has initiated a stock buyback program on Tuesday, August 29th that permits the company to buyback $250.00 million in shares. This buyback authorization permits the company to repurchase up to 6% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

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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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