AutoNation, Inc. (AN) to Release Earnings on Thursday
AutoNation, Inc. (NYSE:AN) is scheduled to release its earnings data before the market opens on Thursday, October 26th. Analysts expect AutoNation to post earnings of $0.97 per share for the quarter.
AutoNation (NYSE:AN) last issued its earnings results on Wednesday, August 2nd. The company reported $0.86 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.12). AutoNation had a return on equity of 16.71% and a net margin of 1.90%. The firm had revenue of $5.28 billion during the quarter, compared to analysts’ expectations of $5.56 billion. During the same period in the previous year, the firm earned $1.08 earnings per share. The firm’s quarterly revenue was down 3.0% compared to the same quarter last year. On average, analysts expect AutoNation to post $3.57 EPS for the current fiscal year and $3.89 EPS for the next fiscal year.
AutoNation, Inc. (AN) opened at 44.63 on Thursday. The stock has a market capitalization of $4.48 billion, a P/E ratio of 11.11 and a beta of 1.21. AutoNation, Inc. has a 52 week low of $38.20 and a 52 week high of $53.74. The company has a 50 day moving average of $46.23 and a 200 day moving average of $42.38.
AutoNation announced that its Board of Directors has initiated a share repurchase program on Tuesday, August 29th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 6% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.
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In other news, Director Robert R. Grusky sold 2,800 shares of AutoNation stock in a transaction on Friday, August 4th. The stock was sold at an average price of $38.99, for a total transaction of $109,172.00. Following the completion of the sale, the director now directly owns 30,713 shares in the company, valued at $1,197,499.87. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.10% of the stock is currently owned by company insiders.
A number of brokerages recently issued reports on AN. BidaskClub upgraded AutoNation from a “strong sell” rating to a “sell” rating in a research report on Monday, August 14th. Buckingham Research lowered their price target on AutoNation from $44.00 to $35.00 and set a “neutral” rating for the company in a research report on Thursday, August 3rd. Deutsche Bank AG restated a “hold” rating and issued a $43.00 price target (down from $46.00) on shares of AutoNation in a research report on Wednesday, August 9th. Susquehanna Bancshares Inc restated a “negative” rating on shares of AutoNation in a research report on Thursday, September 28th. Finally, Northcoast Research downgraded AutoNation from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $45.20.
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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