Brokerages expect that AutoNation, Inc. (NYSE:AN) will post $5.24 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Fourteen analysts have provided estimates for AutoNation’s earnings. The highest sales estimate is $5.38 billion and the lowest is $5.15 billion. AutoNation posted sales of $5.14 billion in the same quarter last year, which suggests a positive year over year growth rate of 1.9%. The business is scheduled to issue its next quarterly earnings results on Tuesday, April 24th.
According to Zacks, analysts expect that AutoNation will report full year sales of $5.24 billion for the current year, with estimates ranging from $21.30 billion to $22.30 billion. For the next financial year, analysts forecast that the firm will report sales of $21.82 billion per share, with estimates ranging from $20.70 billion to $22.89 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for AutoNation.
AutoNation (NYSE:AN) last posted its earnings results on Thursday, February 1st. The company reported $1.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.10. AutoNation had a return on equity of 16.24% and a net margin of 2.02%. The company had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.57 billion. During the same period last year, the company earned $0.86 earnings per share. The business’s revenue was up 3.7% compared to the same quarter last year.
In other news, Director Robert R. Grusky sold 10,000 shares of AutoNation stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $51.99, for a total value of $519,900.00. Following the transaction, the director now directly owns 32,677 shares in the company, valued at $1,698,877.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert R. Grusky sold 5,000 shares of AutoNation stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $55.00, for a total value of $275,000.00. Following the completion of the transaction, the director now owns 37,677 shares in the company, valued at $2,072,235. The disclosure for this sale can be found here. Insiders sold 20,000 shares of company stock worth $1,094,900 over the last quarter. 2.80% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. Nationwide Fund Advisors increased its stake in AutoNation by 300.0% during the third quarter. Nationwide Fund Advisors now owns 121,771 shares of the company’s stock valued at $5,779,000 after acquiring an additional 91,329 shares during the period. Aperio Group LLC increased its stake in AutoNation by 12.4% during the third quarter. Aperio Group LLC now owns 19,476 shares of the company’s stock valued at $924,000 after acquiring an additional 2,153 shares during the period. Crossmark Global Holdings Inc. bought a new position in AutoNation during the third quarter valued at about $590,000. State of Wisconsin Investment Board increased its stake in AutoNation by 17.3% during the third quarter. State of Wisconsin Investment Board now owns 60,169 shares of the company’s stock valued at $2,856,000 after acquiring an additional 8,872 shares during the period. Finally, State of Tennessee Treasury Department increased its stake in AutoNation by 233.3% during the third quarter. State of Tennessee Treasury Department now owns 60,000 shares of the company’s stock valued at $2,848,000 after acquiring an additional 41,998 shares during the period. Institutional investors and hedge funds own 69.28% of the company’s stock.
AutoNation (AN) opened at $50.97 on Tuesday. AutoNation has a 1-year low of $38.20 and a 1-year high of $62.02. The company has a current ratio of 0.85, a quick ratio of 0.25 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $4,680.00, a PE ratio of 12.74, a price-to-earnings-growth ratio of 1.23 and a beta of 1.36.
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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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