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.

Further Reading: What is Forex?

Earnings History for AutoNation (NYSE:AN)

Receive News & Ratings for AutoNation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AutoNation and related companies with's FREE daily email newsletter.


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit