Brokerages expect AutoNation, Inc. (NYSE: AN) to post earnings per share (EPS) of $ 4.96 for the current fiscal quarter, according to Zacks. Four analysts provided AutoNation earnings estimates, with the lowest EPS estimate at $ 4.33 and the highest estimate at $ 5.43. AutoNation posted earnings per share of $ 2.43 in the same quarter last year, which would indicate a positive year-over-year growth rate of 104.1%. The company is expected to release its next quarterly results on Tuesday, February 15.
According to Zacks, analysts expect AutoNation to report annual earnings of $ 17.49 per share for the current fiscal year, with EPS estimates ranging from $ 16.87 to $ 17.81. For the next fiscal year, analysts predict the company will post earnings of $ 17.65 per share, with EPS estimates ranging from $ 14.38 to $ 19.28. Zacks EPS averages are an average based on a survey of seller-side research companies that follow AutoNation.
AutoNation (NYSE: AN) last released its quarterly results on Wednesday, October 20. The company reported EPS of $ 5.12 for the quarter, beating the consensus estimate of $ 4.20 by $ 0.92. AutoNation reported a return on equity of 41.00% and a net margin of 4.54%. The company posted revenue of $ 6.38 billion for the quarter, compared to analysts’ estimates of $ 6.29 billion. In the same quarter of the previous year, the company achieved EPS of $ 2.38. The company’s quarterly revenue increased 18.0% compared to the same quarter last year.
A number of analysts have recently published reports on AN stocks. Truist raised its price target on AutoNation from $ 110.00 to $ 130.00 and gave the stock a “hold” rating in a research report on Friday, October 22. They noted that the move was an appraisal call. Benchmark raised its price target on AutoNation from $ 165.00 to $ 185.00 and gave the stock a “buy” rating in a research report on Friday, October 22. Morgan Stanley reduced its price target on AutoNation from $ 116.00 to $ 103.00 and set an “equal weight” rating for the company in a research report released on Wednesday, November 17. Finally, Stephens raised his price target on AutoNation from $ 120.00 to $ 141.00 and gave the stock an “equal weight” rating in a Friday October 22 research report. Five investment analysts rated the stock with a conservation rating and two issued a buy rating for the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $ 129.29.
In addition, director David B. Edelson sold 2,500 shares of the company in a transaction that took place on Friday, November 12. The stock was sold for an average price of $ 128.61, for a total trade of $ 321,525.00. The transaction was disclosed in a legal file with the Securities & Exchange Commission, accessible through this hyperlink. Additionally, CEO Michael J. Jackson sold 47,732 shares of the company in a trade that took place on Monday, October 25. The stock was sold for an average price of $ 131.55, for a total value of $ 6,279,144.60. Disclosure of this sale can be found here. In the past 90 days, insiders have sold 1,305,886 shares of the company valued at $ 162,595,844. 1.50% of the shares are held by insiders of the company.
Large investors have recently increased or reduced their stakes in the company. Marshall Wace North America LP acquired a new second quarter interest in AutoNation valued at $ 5,665,000. Morgan Stanley increased its stake in AutoNation shares by 9.8% in the second quarter. Morgan Stanley now owns 444,022 shares of the company valued at $ 42,098,000 after purchasing an additional 39,642 shares during the period. AQR Capital Management LLC increased its stake in AutoNation shares by 1.3% in the 2nd quarter. AQR Capital Management LLC now owns 1,126,187 shares of the company valued at $ 106,064,000 after purchasing an additional 14,980 shares during the period. Lido Advisors LLC increased its stake in AutoNation shares by 32.1% in the 2nd quarter. Lido Advisors LLC now owns 5,752 shares of the company valued at $ 545,000 after purchasing an additional 1,399 shares during the period. Finally, LMR Partners LLP acquired a new equity interest in AutoNation in the second quarter valued at approximately $ 280,000. 95.26% of the shares are currently held by institutional investors and hedge funds.
NYSE AN opened at $ 115.98 on Wednesday. AutoNation has a 52-week low of $ 65.45 and a 52-week high of $ 133.48. The company has a rapid ratio of 0.36, a current ratio of 0.98, and a debt ratio of 1.13. The company’s fifty-day simple moving average is $ 122.18 and its 200-day simple moving average is $ 113.33. The company has a market cap of $ 7.60 billion, a PE ratio of 7.98, a P / E / G ratio of 0.28 and a beta of 1.43.
AutoNation announced that its board of directors authorized a share buyback program on Thursday, October 21 that allows the company to repurchase $ 1.00 billion in shares. This buyback authorization allows the company to buy back up to 10.7% of its shares through market purchases. Share buyback programs typically indicate that company management believes its shares are undervalued.
AutoNation, Inc is engaged in the provision of automotive products and services. It operates through the following segments: domestic, import, high-end luxury and corporate and others. The domestic segment includes retail auto franchises that sell new vehicles manufactured by General Motors, Ford and Chrysler.
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