Analysts Set Expectations for AutoNation, Inc.’s Q1 2018 Earnings (AN)

AutoNation, Inc. (NYSE:AN) – Equities research analysts at KeyCorp issued their Q1 2018 earnings per share (EPS) estimates for AutoNation in a note issued to investors on Friday. KeyCorp analyst I. Hodakovsky anticipates that the company will post earnings of $1.08 per share for the quarter. KeyCorp also issued estimates for AutoNation’s Q2 2018 earnings at $1.24 EPS, Q3 2018 earnings at $1.35 EPS and Q4 2018 earnings at $1.34 EPS.

Several other equities research analysts also recently weighed in on the company. ValuEngine raised AutoNation from a “hold” rating to a “buy” rating in a research report on Thursday, October 26th. Moffett Nathanson initiated coverage on AutoNation in a research report on Monday, December 4th. They set a “neutral” rating on the stock. Wells Fargo & Co reaffirmed a “market perform” rating and set a $50.00 price target (up from $40.00) on shares of AutoNation in a research report on Monday, November 6th. Jefferies Group increased their price target on AutoNation from $44.00 to $50.00 and gave the stock a “hold” rating in a research report on Friday, November 3rd. Finally, Bank of America reaffirmed a “hold” rating and set a $65.00 price target on shares of AutoNation in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the stock. AutoNation currently has an average rating of “Hold” and an average target price of $50.00.

Shares of AutoNation (NYSE:AN) opened at $57.23 on Monday. The firm has a market capitalization of $5,221.89, a PE ratio of 12.80, a price-to-earnings-growth ratio of 2.15 and a beta of 1.25. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.17 and a current ratio of 0.73. AutoNation has a 12-month low of $38.20 and a 12-month high of $62.02.

AutoNation (NYSE:AN) last announced its quarterly earnings results on Thursday, February 1st. The company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.10. The company had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.57 billion. AutoNation had a return on equity of 16.22% and a net margin of 2.02%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the firm earned $0.86 EPS.

In other news, EVP Donna L. Parlapiano sold 3,367 shares of the stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $51.81, for a total transaction of $174,444.27. Following the sale, the executive vice president now directly owns 11,469 shares of the company’s stock, valued at approximately $594,208.89. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Robert R. Grusky sold 5,000 shares of the stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $60.00, for a total transaction of $300,000.00. Following the sale, the director now directly owns 37,677 shares in the company, valued at $2,260,620. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,253 shares of company stock worth $1,578,124. Corporate insiders own 3.10% of the company’s stock.

Several hedge funds have recently bought and sold shares of AN. Victory Capital Management Inc. boosted its stake in shares of AutoNation by 56.3% during the 3rd quarter. Victory Capital Management Inc. now owns 3,266,677 shares of the company’s stock worth $155,036,000 after acquiring an additional 1,176,042 shares in the last quarter. Check Capital Management Inc. CA purchased a new position in AutoNation in the 3rd quarter valued at about $51,233,000. Strs Ohio lifted its stake in AutoNation by 374.5% in the 3rd quarter. Strs Ohio now owns 1,071,018 shares of the company’s stock valued at $50,830,000 after buying an additional 845,313 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in AutoNation by 44.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 878,282 shares of the company’s stock valued at $41,684,000 after buying an additional 269,376 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in AutoNation by 10.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,683,569 shares of the company’s stock valued at $127,360,000 after buying an additional 248,512 shares in the last quarter. 77.68% of the stock is currently owned by institutional investors and hedge funds.

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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.

Earnings History and Estimates for AutoNation (NYSE:AN)

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