Somewhat Positive News Coverage Somewhat Unlikely to Impact AutoNation (AN) Share Price
Media stories about AutoNation (NYSE:AN) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. AutoNation earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.4559314806127 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- $0.89 Earnings Per Share Expected for AutoNation, Inc. (AN) This Quarter (americanbankingnews.com)
- Poor future performance Ahead on AutoNation, Inc. (AN) – Street Observer (press release) (streetobserver.com)
- Bill Nygren Added Charter Communications in 2nd Quarter – Nasdaq (nasdaq.com)
- AutoNation, Inc. (AN) registers a price change of 0.46% while Core-Mark Holding Company, Inc. (CORE) finishes with a … – Stocks Gallery (stocksgallery.com)
- AutoNation (AN) versus Camping World Holdings (CWH) Head to Head Comparison (americanbankingnews.com)
Shares of AutoNation (NYSE:AN) opened at 46.00 on Friday. The company has a market cap of $4.62 billion, a price-to-earnings ratio of 11.45 and a beta of 1.22. The company’s 50-day moving average price is $42.64 and its 200 day moving average price is $42.01. AutoNation has a 1-year low of $38.20 and a 1-year high of $53.74.
AutoNation (NYSE:AN) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.86 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.98 by ($0.12). AutoNation had a return on equity of 16.71% and a net margin of 1.90%. The business had revenue of $5.28 billion during the quarter, compared to analysts’ expectations of $5.56 billion. During the same quarter in the previous year, the company posted $1.08 EPS. The company’s quarterly revenue was down 3.0% on a year-over-year basis. On average, analysts predict that AutoNation will post $3.59 earnings per share for the current fiscal year.
AutoNation announced that its Board of Directors has initiated a share buyback program on Tuesday, August 29th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the company to buy up to 6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its stock is undervalued.
Several equities analysts have recently weighed in on the company. Morgan Stanley reduced their price target on AutoNation from $57.00 to $53.00 and set an “overweight” rating for the company in a research report on Friday, June 9th. BidaskClub upgraded AutoNation from a “strong sell” rating to a “sell” rating in a research report on Monday, August 14th. Wells Fargo & Company reiterated a “market perform” rating and issued a $45.00 price target (down from $48.50) on shares of AutoNation in a research report on Monday, July 17th. ValuEngine cut AutoNation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Deutsche Bank AG reduced their price target on AutoNation from $46.00 to $43.00 and set a “hold” rating for the company in a research report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $45.70.
In other AutoNation news, Director Robert R. Grusky sold 2,800 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $38.99, for a total value of $109,172.00. Following the completion of the sale, the director now owns 30,713 shares in the company, valued at approximately $1,197,499.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.10% of the company’s stock.
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.
Receive News & Ratings for AutoNation Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AutoNation Inc. and related companies with MarketBeat.com's FREE daily email newsletter.