AutoNation, Inc. (NYSE:AN) – Stock analysts at SunTrust Banks lowered their FY2018 earnings per share estimates for shares of AutoNation in a report released on Wednesday, October 31st. SunTrust Banks analyst S. Benjamin now anticipates that the company will earn $4.50 per share for the year, down from their previous forecast of $4.66. SunTrust Banks has a “Hold” rating and a $48.00 price objective on the stock. SunTrust Banks also issued estimates for AutoNation’s Q4 2018 earnings at $1.13 EPS, Q1 2019 earnings at $1.09 EPS, Q3 2019 earnings at $1.22 EPS, Q4 2019 earnings at $1.27 EPS, FY2019 earnings at $4.73 EPS and FY2020 earnings at $5.14 EPS.
AutoNation (NYSE:AN) last issued its earnings results on Tuesday, October 30th. The company reported $1.24 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.24. The company had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.58 billion. AutoNation had a return on equity of 16.49% and a net margin of 2.10%. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period last year, the business posted $1.00 EPS.
Shares of NYSE AN opened at $40.48 on Thursday. 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 $3.64 billion, a P/E ratio of 10.62, a price-to-earnings-growth ratio of 1.13 and a beta of 1.25. The company has a current ratio of 0.86, a quick ratio of 0.20 and a debt-to-equity ratio of 0.78.
In related news, CEO Michael J. Jackson sold 37,104 shares of the firm’s stock in a transaction dated Friday, August 3rd. The shares were sold at an average price of $46.60, for a total value of $1,729,046.40. Following the transaction, the chief executive officer now owns 168,205 shares of the company’s stock, valued at approximately $7,838,353. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Christopher Cade sold 1,443 shares of AutoNation stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $47.96, for a total transaction of $69,206.28. Following the transaction, the chief accounting officer now directly owns 1,199 shares in the company, valued at approximately $57,504.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,455 shares of company stock worth $2,028,929. 2.80% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of the business. Check Capital Management Inc. CA lifted its position in shares of AutoNation by 3.1% during the 3rd quarter. Check Capital Management Inc. CA now owns 727,445 shares of the company’s stock worth $30,225,000 after buying an additional 21,587 shares in the last quarter. Townsend & Associates Inc lifted its position in shares of AutoNation by 33.3% during the 3rd quarter. Townsend & Associates Inc now owns 17,638 shares of the company’s stock worth $733,000 after buying an additional 4,404 shares in the last quarter. Garner Asset Management Corp lifted its position in shares of AutoNation by 19.7% during the 3rd quarter. Garner Asset Management Corp now owns 51,775 shares of the company’s stock worth $2,151,000 after buying an additional 8,525 shares in the last quarter. Clear Harbor Asset Management LLC lifted its position in shares of AutoNation by 30.7% during the 3rd quarter. Clear Harbor Asset Management LLC now owns 9,375 shares of the company’s stock worth $397,000 after buying an additional 2,200 shares in the last quarter. Finally, James Investment Research Inc. bought a new position in shares of AutoNation during the 3rd quarter worth approximately $1,985,000. 65.94% of the stock is currently owned by hedge funds and other institutional investors.
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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