Wall Street analysts expect AutoNation, Inc. (NYSE:AN) to report sales of $5.24 billion for the current quarter, Zacks reports. Fourteen analysts have made estimates for AutoNation’s earnings. The lowest sales estimate is $5.15 billion and the highest is $5.38 billion. AutoNation posted sales of $5.14 billion in the same quarter last year, which would indicate a positive year over year growth rate of 1.9%. The firm is expected to issue its next quarterly earnings results on Tuesday, April 24th.
According to Zacks, analysts expect that AutoNation will report full-year sales of $5.24 billion for the current fiscal year, with estimates ranging from $21.30 billion to $22.30 billion. For the next year, analysts expect that the business will report sales of $21.82 billion per share, with estimates ranging from $20.70 billion to $22.89 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover AutoNation.
AutoNation (NYSE:AN) last posted its earnings results on Thursday, February 1st. The company reported $1.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.10. AutoNation had a return on equity of 16.24% and a net margin of 2.02%. The business had revenue of $5.68 billion during the quarter, compared to analysts’ expectations of $5.57 billion. During the same period in the previous year, the business earned $0.86 earnings per share. The firm’s revenue was up 3.7% on a year-over-year basis.
In other news, Director Robert R. Grusky sold 10,000 shares of the company’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $51.99, for a total value of $519,900.00. Following the completion of the transaction, the director now directly owns 32,677 shares in the company, valued at approximately $1,698,877.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert R. Grusky sold 5,000 shares of the company’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $55.00, for a total value of $275,000.00. Following the completion of the transaction, the director now owns 37,677 shares of the company’s stock, valued at $2,072,235. The disclosure for this sale can be found here. Insiders sold a total of 20,000 shares of company stock valued at $1,094,900 over the last quarter. Company insiders own 3.10% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of AN. Janus Henderson Group PLC boosted its holdings in shares of AutoNation by 59.9% in the 2nd quarter. Janus Henderson Group PLC now owns 6,672 shares of the company’s stock worth $281,000 after purchasing an additional 2,500 shares in the last quarter. Shell Asset Management Co. lifted its stake in shares of AutoNation by 425.3% in the 3rd quarter. Shell Asset Management Co. now owns 14,424 shares of the company’s stock valued at $726,000 after acquiring an additional 11,678 shares during the last quarter. Mutual of America Capital Management LLC lifted its stake in shares of AutoNation by 567.4% in the 3rd quarter. Mutual of America Capital Management LLC now owns 54,480 shares of the company’s stock valued at $2,586,000 after acquiring an additional 46,317 shares during the last quarter. State Treasurer State of Michigan lifted its stake in shares of AutoNation by 14.4% in the 3rd quarter. State Treasurer State of Michigan now owns 24,600 shares of the company’s stock valued at $1,168,000 after acquiring an additional 3,091 shares during the last quarter. Finally, APG Asset Management N.V. lifted its stake in shares of AutoNation by 22.8% in the 3rd quarter. APG Asset Management N.V. now owns 103,021 shares of the company’s stock valued at $4,889,000 after acquiring an additional 19,100 shares during the last quarter. Hedge funds and other institutional investors own 74.36% of the company’s stock.
AutoNation (AN) traded down $0.38 during trading on Friday, reaching $50.21. The company had a trading volume of 1,255,057 shares, compared to its average volume of 1,058,509. AutoNation has a twelve month low of $38.20 and a twelve month high of $62.02. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.25 and a current ratio of 0.85. The stock has a market capitalization of $4,640.00, a PE ratio of 12.46, a price-to-earnings-growth ratio of 1.28 and a beta of 1.24.
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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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