AutoNation (NYSE:AN) Issues Earnings Results

AutoNation (NYSE:AN) announced its quarterly earnings data on Tuesday. The company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.18, Fidelity Earnings reports. The company had revenue of $5.55 billion for the quarter, compared to analyst estimates of $5.53 billion. AutoNation had a return on equity of 14.37% and a net margin of 1.82%. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.02 EPS.

Shares of NYSE:AN opened at $47.86 on Friday. The business has a 50-day moving average price of $45.68 and a 200 day moving average price of $48.79. The company has a current ratio of 0.85, a quick ratio of 0.22 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $4.27 billion, a price-to-earnings ratio of 11.26, a PEG ratio of 2.60 and a beta of 1.04. AutoNation has a 12-month low of $32.83 and a 12-month high of $53.19.

In related news, CEO Cheryl Miller sold 4,331 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $49.97, for a total transaction of $216,420.07. Following the completion of the sale, the chief executive officer now directly owns 19,165 shares of the company’s stock, valued at approximately $957,675.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert R. Grusky sold 5,000 shares of the firm’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $48.06, for a total value of $240,300.00. Following the sale, the director now directly owns 44,721 shares of the company’s stock, valued at $2,149,291.26. The disclosure for this sale can be found here. Insiders have sold a total of 441,755 shares of company stock valued at $20,036,688 over the last three months. Corporate insiders own 2.40% of the company’s stock.

AN has been the topic of a number of research reports. Cfra decreased their price objective on AutoNation from $62.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday. JPMorgan Chase & Co. raised their price objective on AutoNation from $45.00 to $52.00 and gave the company an “underweight” rating in a report on Wednesday, December 18th. Benchmark initiated coverage on AutoNation in a report on Thursday, January 9th. They issued a “hold” rating on the stock. Finally, ValuEngine lowered AutoNation from a “sell” rating to a “strong sell” rating in a report on Wednesday, November 20th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $48.83.

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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