Analysts Expect AutoNation, Inc. (AN) to Post $1.15 EPS

Wall Street analysts predict that AutoNation, Inc. (NYSE:AN) will report earnings per share of $1.15 for the current quarter, according to Zacks Investment Research. Thirteen analysts have provided estimates for AutoNation’s earnings, with the lowest EPS estimate coming in at $1.07 and the highest estimate coming in at $1.24. AutoNation posted earnings per share of $1.02 in the same quarter last year, which would suggest a positive year-over-year growth rate of 12.7%. The firm is scheduled to report its next earnings report on Thursday, February 7th.

According to Zacks, analysts expect that AutoNation will report full year earnings of $4.53 per share for the current financial year, with EPS estimates ranging from $4.45 to $4.62. For the next financial year, analysts expect that the company will post earnings of $4.56 per share, with EPS estimates ranging from $3.73 to $4.90. Zacks’ EPS calculations are an average based on a survey of research analysts that follow AutoNation.

AutoNation (NYSE:AN) last announced its quarterly earnings data on Tuesday, October 30th. The company reported $1.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.24. The business had revenue of $5.35 billion for the quarter, compared to the consensus estimate of $5.58 billion. AutoNation had a net margin of 2.10% and a return on equity of 16.21%. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.00 earnings per share.

AN has been the topic of a number of recent analyst reports. ValuEngine downgraded shares of AutoNation from a “hold” rating to a “sell” rating in a research note on Monday, August 13th. SunTrust Banks initiated coverage on shares of AutoNation in a research note on Friday, August 24th. They set a “hold” rating and a $48.00 price target on the stock. TheStreet downgraded shares of AutoNation from a “b-” rating to a “c+” rating in a research note on Tuesday, September 25th. Wolfe Research downgraded shares of AutoNation from a “market perform” rating to an “underperform” rating and cut their price target for the stock from $46.00 to $37.00 in a research note on Tuesday, October 2nd. Finally, Bank of America raised shares of AutoNation from a “neutral” rating to a “buy” rating and set a $59.00 price target on the stock in a research note on Wednesday, October 24th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $46.00.

Shares of AN opened at $34.57 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.20 and a debt-to-equity ratio of 0.75. The company has a market cap of $3.17 billion, a P/E ratio of 9.07, a PEG ratio of 1.23 and a beta of 1.21. AutoNation has a 1 year low of $34.25 and a 1 year high of $62.02.

In other news, CEO Michael J. Jackson sold 74,208 shares of the stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $40.69, for a total value of $3,019,523.52. Following the completion of the sale, the chief executive officer now owns 168,205 shares of the company’s stock, valued at $6,844,261.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert R. Grusky sold 2,500 shares of the stock in a transaction on Tuesday, November 13th. The stock was sold at an average price of $40.00, for a total transaction of $100,000.00. Following the completion of the sale, the director now directly owns 35,177 shares of the company’s stock, valued at approximately $1,407,080. The disclosure for this sale can be found here. Company insiders own 2.80% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in AN. Principal Financial Group Inc. increased its position in shares of AutoNation by 2.6% in the first quarter. Principal Financial Group Inc. now owns 260,722 shares of the company’s stock worth $12,197,000 after acquiring an additional 6,701 shares in the last quarter. Sigma Planning Corp acquired a new stake in AutoNation during the 2nd quarter valued at $270,000. KBC Group NV grew its holdings in AutoNation by 13.8% during the 2nd quarter. KBC Group NV now owns 174,630 shares of the company’s stock valued at $8,484,000 after purchasing an additional 21,234 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in AutoNation during the 2nd quarter valued at $774,000. Finally, Sei Investments Co. grew its holdings in AutoNation by 29.1% during the 2nd quarter. Sei Investments Co. now owns 8,262 shares of the company’s stock valued at $401,000 after purchasing an additional 1,861 shares in the last quarter. 64.13% of the stock is owned by institutional investors.

About AutoNation

AutoNation, Inc, through its subsidiaries, operates as an automotive retailer in the United States. The company operates through three segments: Domestic, Import, and Premium Luxury. It offers a range of automotive products and services, including new and used vehicles; and parts and services, such as automotive repair and maintenance, and wholesale parts and collision services.

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