Brokerages expect AutoNation, Inc. (NYSE:AN) to post $1.01 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Fourteen analysts have provided estimates for AutoNation’s earnings. The lowest EPS estimate is $0.92 and the highest is $1.09. AutoNation posted earnings of $0.97 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.1%. The company is expected to announce its next earnings results on Tuesday, April 24th.
On average, analysts expect that AutoNation will report full-year earnings of $4.92 per share for the current financial year, with EPS estimates ranging from $4.65 to $5.28. For the next year, analysts forecast that the company will report earnings of $5.27 per share, with EPS estimates ranging from $4.55 to $5.75. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for AutoNation.
AutoNation (NYSE:AN) last issued its quarterly earnings results on Thursday, February 1st. The company reported $1.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.10. The firm had revenue of $5.68 billion during the quarter, compared to analyst estimates of $5.57 billion. AutoNation had a return on equity of 16.24% and a net margin of 2.02%. AutoNation’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the company earned $0.86 EPS.
In other AutoNation news, Director Robert R. Grusky sold 10,000 shares of the company’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $51.99, for a total value of $519,900.00. Following the transaction, the director now directly owns 32,677 shares in the company, valued at $1,698,877.23. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert R. Grusky sold 5,000 shares of the company’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $55.00, for a total transaction of $275,000.00. Following the completion of the transaction, the director now owns 37,677 shares in the company, valued at $2,072,235. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,000 shares of company stock valued at $1,094,900. Insiders own 3.10% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. increased its stake in shares of AutoNation by 4.9% in the fourth quarter. Victory Capital Management Inc. now owns 3,426,976 shares of the company’s stock valued at $175,906,000 after buying an additional 160,299 shares during the period. Dimensional Fund Advisors LP increased its position in shares of AutoNation by 10.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,683,569 shares of the company’s stock valued at $127,360,000 after purchasing an additional 248,512 shares during the last quarter. Kiltearn Partners LLP increased its position in shares of AutoNation by 1.6% during the 4th quarter. Kiltearn Partners LLP now owns 1,878,574 shares of the company’s stock valued at $96,427,000 after purchasing an additional 28,700 shares during the last quarter. Check Capital Management Inc. CA purchased a new stake in shares of AutoNation during the 3rd quarter valued at $51,233,000. Finally, Bank of New York Mellon Corp increased its holdings in AutoNation by 44.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 878,282 shares of the company’s stock worth $41,684,000 after acquiring an additional 269,376 shares during the last quarter. Hedge funds and other institutional investors own 69.21% of the company’s stock.
Shares of AutoNation (AN) traded up $1.10 during mid-day trading on Friday, hitting $51.49. The stock had a trading volume of 527,535 shares, compared to its average volume of 1,060,000. The firm has a market cap of $4,730.00, a PE ratio of 12.87, a PEG ratio of 1.23 and a beta of 1.36. The company has a current ratio of 0.85, a quick ratio of 0.25 and a debt-to-equity ratio of 0.83. AutoNation has a fifty-two week low of $38.20 and a fifty-two week high of $62.02.
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AutoNation, Inc (AutoNation) is an automotive retailer in the United States. The Company offers a range of automotive products and services, including new vehicles, used vehicles, parts and service, which includes automotive repair and maintenance services, as well as wholesale parts and collision businesses, and automotive finance and insurance products, including vehicle service and other protection products, as well as the arranging of financing for vehicle purchases through third-party finance sources.
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