AutoNation, Inc. (AN) Expected to Announce Earnings of $1.03 Per Share

Wall Street brokerages predict that AutoNation, Inc. (NYSE:AN) will post earnings of $1.03 per share for the current fiscal quarter, according to Zacks Investment Research. Twelve analysts have provided estimates for AutoNation’s earnings, with the highest EPS estimate coming in at $1.11 and the lowest estimate coming in at $0.87. AutoNation posted earnings of $1.14 per share during the same quarter last year, which would suggest a negative year over year growth rate of 9.6%. The firm is scheduled to issue its next earnings results on Friday, April 26th.

On average, analysts expect that AutoNation will report full-year earnings of $4.14 per share for the current financial year, with EPS estimates ranging from $3.42 to $4.45. For the next financial year, analysts expect that the firm will post earnings of $4.20 per share, with EPS estimates ranging from $2.88 to $4.76. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that cover AutoNation.

AutoNation (NYSE:AN) last issued its quarterly earnings data on Friday, April 26th. The company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.13. The company had revenue of $4.98 billion during the quarter, compared to the consensus estimate of $5.21 billion. AutoNation had a net margin of 1.85% and a return on equity of 15.89%. AutoNation’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.01 earnings per share.

Several equities analysts have issued reports on the stock. Bank of America reaffirmed a “buy” rating and issued a $55.00 price target (down from $59.00) on shares of AutoNation in a report on Tuesday, February 26th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $41.00 price target on shares of AutoNation in a report on Sunday, February 24th. Seaport Global Securities assumed coverage on shares of AutoNation in a report on Wednesday, February 13th. They issued a “neutral” rating and a $38.06 price target on the stock. ValuEngine raised shares of AutoNation from a “strong sell” rating to a “sell” rating in a report on Friday. Finally, JPMorgan Chase & Co. assumed coverage on shares of AutoNation in a report on Tuesday, February 19th. They issued an “underweight” rating and a $40.00 price target on the stock. Four analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $41.38.

NYSE:AN traded up $2.81 during trading hours on Thursday, reaching $42.31. The company’s stock had a trading volume of 2,179,784 shares, compared to its average volume of 731,504. The company has a market capitalization of $3.81 billion, a price-to-earnings ratio of 9.42, a price-to-earnings-growth ratio of 3.98 and a beta of 1.05. AutoNation has a 12 month low of $32.83 and a 12 month high of $51.99. The company has a quick ratio of 0.22, a current ratio of 0.86 and a debt-to-equity ratio of 0.71.

In related news, Director David B. Edelson acquired 1,150 shares of the company’s stock in a transaction dated Monday, February 25th. The shares were purchased at an average cost of $36.06 per share, with a total value of $41,469.00. Following the completion of the acquisition, the director now directly owns 37,030 shares of the company’s stock, valued at $1,335,301.80. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 2.40% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Victory Capital Management Inc. lifted its position in AutoNation by 13.3% during the fourth quarter. Victory Capital Management Inc. now owns 5,090,754 shares of the company’s stock valued at $181,740,000 after purchasing an additional 597,653 shares during the period. Dimensional Fund Advisors LP raised its position in shares of AutoNation by 9.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,051,749 shares of the company’s stock worth $108,946,000 after acquiring an additional 256,337 shares during the period. Prudential Financial Inc. raised its position in shares of AutoNation by 3.3% in the fourth quarter. Prudential Financial Inc. now owns 1,350,993 shares of the company’s stock worth $48,230,000 after acquiring an additional 42,695 shares during the period. Magnolia Group LLC acquired a new position in shares of AutoNation in the fourth quarter worth about $45,170,000. Finally, Private Management Group Inc. raised its position in shares of AutoNation by 30.8% in the fourth quarter. Private Management Group Inc. now owns 881,404 shares of the company’s stock worth $31,466,000 after acquiring an additional 207,358 shares during the period. 64.73% of the stock is currently owned by hedge funds and other institutional investors.

AutoNation Company Profile

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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