Equities analysts expect that AutoNation, Inc. (NYSE:AN) will announce earnings per share of $1.01 for the current fiscal quarter, Zacks Investment Research reports. Fourteen analysts have issued estimates for AutoNation’s earnings, with the highest EPS estimate coming in at $1.09 and the lowest estimate coming in at $0.92. AutoNation posted earnings per share of $0.97 in the same quarter last year, which suggests a positive year-over-year growth rate of 4.1%. The company is scheduled to issue its next quarterly earnings report on Tuesday, April 24th.
On average, analysts expect that AutoNation will report full year earnings of $4.92 per share for the current year, with EPS estimates ranging from $4.65 to $5.28. For the next year, analysts anticipate that the business will post earnings of $5.27 per share, with EPS estimates ranging from $4.55 to $5.75. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow AutoNation.
AutoNation (NYSE:AN) last issued its quarterly earnings data 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. AutoNation had a return on equity of 16.24% and a net margin of 2.02%. The company had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.57 billion. During the same quarter last year, the business posted $0.86 earnings per share. The firm’s revenue was up 3.7% compared to the same quarter last year.
In other news, Director Robert R. Grusky sold 5,000 shares of the firm’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $55.00, for a total transaction of $275,000.00. Following the transaction, the director now directly owns 37,677 shares of the company’s stock, valued at $2,072,235. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert R. Grusky sold 10,000 shares of the firm’s stock in a transaction dated 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 disclosure for this sale can be found here. Insiders have sold 20,000 shares of company stock worth $1,094,900 over the last ninety days. Insiders own 2.80% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its stake in shares of AutoNation by 32.3% in the third quarter. JPMorgan Chase & Co. now owns 59,971 shares of the company’s stock worth $2,834,000 after purchasing an additional 14,656 shares during the last quarter. CLS Investments LLC bought a new stake in shares of AutoNation in the third quarter worth about $1,266,000. Gabelli Funds LLC lifted its holdings in AutoNation by 0.5% in the fourth quarter. Gabelli Funds LLC now owns 561,800 shares of the company’s stock worth $28,837,000 after buying an additional 3,000 shares during the period. Great West Life Assurance Co. Can lifted its holdings in AutoNation by 39.7% in the third quarter. Great West Life Assurance Co. Can now owns 75,663 shares of the company’s stock worth $3,569,000 after buying an additional 21,516 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new stake in AutoNation in the third quarter worth about $1,737,000. 69.28% of the stock is currently owned by institutional investors.
Shares of AutoNation (NYSE AN) opened at $51.07 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.85 and a quick ratio of 0.25. AutoNation has a 12-month low of $38.20 and a 12-month high of $62.02. The stock has a market capitalization of $4,680.31, a price-to-earnings ratio of 11.40, a P/E/G ratio of 1.21 and a beta of 1.36.
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AutoNation Company Profile
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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