AutoNation (AN) Issues Quarterly Earnings Results

AutoNation (NYSE:AN) posted its earnings results on Tuesday. The company reported $1.24 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.24, MarketWatch Earnings reports. The company had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.58 billion. AutoNation had a net margin of 2.02% and a return on equity of 16.64%. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.00 earnings per share.

Shares of AutoNation stock traded down $1.66 on Tuesday, reaching $40.52. The stock had a trading volume of 98,515 shares, compared to its average volume of 1,074,047. The company has a current ratio of 0.86, a quick ratio of 0.20 and a debt-to-equity ratio of 0.78. AutoNation has a fifty-two week low of $37.64 and a fifty-two week high of $62.02. The stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of 10.35, a PEG ratio of 1.19 and a beta of 1.26.

AN has been the subject of several recent research reports. Bank of America raised shares of AutoNation from a “neutral” rating to a “buy” rating and set a $59.00 target price for the company in a research report on Wednesday, October 24th. They noted that the move was a valuation call. TheStreet cut shares of AutoNation from a “b-” rating to a “c+” rating in a research note on Tuesday, September 25th. SunTrust Banks initiated coverage on shares of AutoNation in a research note on Friday, August 24th. They issued a “hold” rating and a $48.00 price objective for the company. Buckingham Research reduced their price objective on shares of AutoNation from $51.00 to $47.00 and set a “neutral” rating for the company in a research note on Thursday, August 2nd. Finally, ValuEngine upgraded shares of AutoNation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 24th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. AutoNation currently has an average rating of “Hold” and a consensus target price of $51.14.

In other news, CAO Christopher Cade sold 1,443 shares of the business’s stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $47.96, for a total value of $69,206.28. Following the completion of the sale, the chief accounting officer now directly owns 1,199 shares in the company, valued at $57,504.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael J. Jackson sold 37,104 shares of the company’s stock in a transaction on Friday, August 3rd. The shares were sold at an average price of $46.60, for a total transaction of $1,729,046.40. Following the transaction, the chief executive officer now owns 168,205 shares of the company’s stock, valued at $7,838,353. The disclosure for this sale can be found here. Insiders sold 43,455 shares of company stock valued at $2,028,929 over the last 90 days. 2.80% of the stock is owned by corporate insiders.

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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Earnings History for AutoNation (NYSE:AN)

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