Wall Street brokerages forecast that AutoNation, Inc. (NYSE:AN) will announce earnings of $0.84 per share for the current quarter, Zacks reports. Eighteen analysts have provided estimates for AutoNation’s earnings. The lowest EPS estimate is $0.69 and the highest is $0.98. AutoNation posted earnings per share of $1.11 during the same quarter last year, which would suggest a negative year-over-year growth rate of 24.3%. The firm is scheduled to report its next quarterly earnings report before the market opens on Thursday, November 2nd.

According to Zacks, analysts expect that AutoNation will report full-year earnings of $3.55 per share for the current fiscal year, with EPS estimates ranging from $3.36 to $3.73. For the next year, analysts forecast that the company will report earnings of $3.88 per share, with EPS estimates ranging from $3.40 to $4.30. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for AutoNation.

AutoNation (NYSE:AN) last announced its earnings results on Wednesday, August 2nd. The company reported $0.86 EPS for the quarter, missing the Zacks’ 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 company had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.56 billion. During the same period in the prior year, the business posted $1.08 earnings per share. AutoNation’s revenue for the quarter was down 3.0% compared to the same quarter last year.

Several research analysts recently weighed in on the stock. Berenberg Bank assumed coverage on shares of AutoNation in a research report on Wednesday, October 4th. They set a “buy” rating and a $55.00 price target for the company. Northcoast Research cut shares of AutoNation from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 4th. Susquehanna Bancshares Inc cut shares of AutoNation to a “neutral” rating and increased their price target for the company from $36.00 to $38.00 in a research note on Monday, October 2nd. UBS AG cut shares of AutoNation from a “positive” rating to a “neutral” rating in a research note on Thursday, September 28th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $44.00 price target on shares of AutoNation in a research note on Sunday, September 10th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $45.20.

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In related news, Director Robert R. Grusky sold 2,800 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $1,197,499.87. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 3.10% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. APG Asset Management N.V. lifted its position in shares of AutoNation by 22.8% during the third quarter. APG Asset Management N.V. now owns 103,021 shares of the company’s stock worth $4,889,000 after purchasing an additional 19,100 shares in the last quarter. State Treasurer State of Michigan raised its holdings in AutoNation by 14.4% in the third quarter. State Treasurer State of Michigan now owns 24,600 shares of the company’s stock valued at $1,168,000 after acquiring an additional 3,091 shares in the last quarter. Mutual of America Capital Management LLC raised its holdings in AutoNation by 567.4% in the third quarter. Mutual of America Capital Management LLC now owns 54,480 shares of the company’s stock valued at $2,586,000 after acquiring an additional 46,317 shares in the last quarter. Shell Asset Management Co. raised its holdings in AutoNation by 425.3% in the third quarter. Shell Asset Management Co. now owns 14,424 shares of the company’s stock valued at $726,000 after acquiring an additional 11,678 shares in the last quarter. Finally, USA Financial Portformulas Corp raised its holdings in AutoNation by 64.9% in the second quarter. USA Financial Portformulas Corp now owns 9,698 shares of the company’s stock valued at $409,000 after acquiring an additional 3,816 shares in the last quarter. Institutional investors own 73.41% of the company’s stock.

Shares of AutoNation (NYSE:AN) opened at 45.50 on Friday. The firm has a 50-day moving average price of $46.26 and a 200-day moving average price of $42.43. The stock has a market cap of $4.57 billion, a price-to-earnings ratio of 11.33 and a beta of 1.21. AutoNation has a 52 week low of $38.20 and a 52 week high of $53.74.

AutoNation declared that its board has authorized a share repurchase plan on Tuesday, August 29th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the company to reacquire up to 6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

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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