AutoNation (NYSE:AN) Issues Earnings Results

AutoNation (NYSE:AN) announced its quarterly earnings data on Monday. The company reported $1.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.12, Fidelity Earnings reports. AutoNation had a return on equity of 15.48% and a net margin of 1.87%. The company had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.29 billion. During the same quarter in the previous year, the company earned $1.14 EPS. The firm’s revenue for the quarter was down .8% compared to the same quarter last year.

AN stock traded up $5.22 during midday trading on Tuesday, hitting $47.17. The stock had a trading volume of 1,919,009 shares, compared to its average volume of 527,719. The company has a market cap of $3.75 billion, a price-to-earnings ratio of 10.51, a PEG ratio of 3.80 and a beta of 1.08. The company has a current ratio of 0.82, a quick ratio of 0.18 and a debt-to-equity ratio of 0.57. AutoNation has a 12-month low of $32.83 and a 12-month high of $49.76. The business has a 50-day moving average price of $41.66.

Several research analysts recently issued reports on AN shares. Longbow Research restated a “hold” rating on shares of Cooper Tire & Rubber in a research report on Sunday, July 7th. ValuEngine downgraded W&T Offshore from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. Morgan Stanley lifted their price objective on Sonic Automotive from $10.00 to $18.00 and gave the stock an “underweight” rating in a research report on Monday, May 6th. Finally, SunTrust Banks lifted their price objective on FTI Consulting to $88.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. AutoNation currently has an average rating of “Hold” and a consensus price target of $41.01.

In other AutoNation news, Chairman Michael J. Jackson sold 37,104 shares of AutoNation stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $41.93, for a total value of $1,555,770.72. Following the completion of the sale, the chairman now directly owns 204,790 shares of the company’s stock, valued at approximately $8,586,844.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Carl C. Liebert III bought 2,575 shares of the stock in a transaction on Wednesday, May 15th. The stock was purchased at an average cost of $38.95 per share, with a total value of $100,296.25. Following the completion of the purchase, the chief executive officer now directly owns 2,575 shares in the company, valued at approximately $100,296.25. The disclosure for this purchase can be found here. Insiders sold a total of 45,693 shares of company stock valued at $1,906,693 over the last ninety days. 2.40% of the stock is owned by corporate insiders.

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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Earnings History for AutoNation (NYSE:AN)

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