AutoNation (NYSE:AN – Get Free Report) issued its quarterly earnings data on Friday. The company reported $5.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.42 by $0.12, RTT News reports. AutoNation had a net margin of 4.06% and a return on equity of 55.31%. The company had revenue of $6.89 billion during the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter in the prior year, the firm earned $6.00 earnings per share. The firm’s revenue was up 3.4% compared to the same quarter last year.
AutoNation Trading Up 0.1 %
AN opened at $130.54 on Monday. The company’s 50 day moving average is $147.54 and its 200-day moving average is $148.45. AutoNation has a 1-year low of $99.72 and a 1-year high of $182.08. The company has a current ratio of 0.83, a quick ratio of 0.24 and a debt-to-equity ratio of 1.83. The company has a market cap of $5.75 billion, a P/E ratio of 5.59, a PEG ratio of 1.04 and a beta of 1.16.
In other news, Director George Lawrence Mikan III sold 16,771 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $159.59, for a total value of $2,676,483.89. Following the sale, the director now directly owns 17,804 shares in the company, valued at approximately $2,841,340.36. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, EVP C Coleman Edmunds sold 4,500 shares of AutoNation stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $160.35, for a total transaction of $721,575.00. Following the sale, the executive vice president now directly owns 9,094 shares in the company, valued at approximately $1,458,222.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director George Lawrence Mikan III sold 16,771 shares of AutoNation stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $159.59, for a total transaction of $2,676,483.89. Following the sale, the director now owns 17,804 shares in the company, valued at $2,841,340.36. The disclosure for this sale can be found here. 0.69% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Analysts Set New Price Targets
AN has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of AutoNation from a “hold” rating to a “buy” rating in a research note on Monday, October 23rd. Benchmark reiterated a “buy” rating and issued a $200.00 price target on shares of AutoNation in a research note on Monday, July 24th. Bank of America increased their price objective on shares of AutoNation from $225.00 to $245.00 in a research report on Thursday, July 6th. Wells Fargo & Company lowered their price target on shares of AutoNation from $171.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Monday, October 9th. Finally, Guggenheim lowered their price target on shares of AutoNation from $184.00 to $179.00 and set a “buy” rating on the stock in a research report on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, AutoNation presently has a consensus rating of “Hold” and a consensus price target of $171.57.
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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