AutoNation (AN) Earning Somewhat Favorable News Coverage, Analysis Shows
News headlines about AutoNation (NYSE:AN) have been trending somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. AutoNation earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave press coverage about the company an impact score of 46.5432532407141 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern’s rankings:
- BWW Previews: WICKED at BROWARD CENTER FOR THE PERFORMING ARTS (broadwayworld.com)
- AutoNation, Inc. (AN) to Release Earnings on Thursday (americanbankingnews.com)
- Chico’s Recognized for Fostering Gender Diversity (wwd.com)
- AutoNation, Inc. – Value Analysis (NYSE:AN) : October 17, 2017 (finance.yahoo.com)
- Short Interest in AutoNation, Inc. (AN) Drops By 22.5% (americanbankingnews.com)
Shares of AutoNation (NYSE AN) opened at 45.50 on Friday. The stock has a 50 day moving average price of $46.26 and a 200 day moving average price of $42.43. AutoNation has a 12 month low of $38.20 and a 12 month high of $53.74. The firm has a market capitalization of $4.57 billion, a P/E ratio of 11.33 and a beta of 1.21.
AutoNation (NYSE:AN) last issued its 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). The firm had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.56 billion. AutoNation had a net margin of 1.90% and a return on equity of 16.71%. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.08 earnings per share. On average, analysts expect that AutoNation will post $3.57 earnings per share for the current year.
AutoNation announced that its Board of Directors has initiated a share buyback plan on Tuesday, August 29th that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.
AN has been the topic of several recent research reports. Susquehanna Bancshares Inc lowered AutoNation to a “neutral” rating and raised their target price for the company from $36.00 to $38.00 in a report on Monday, October 2nd. UBS AG lowered AutoNation from a “positive” rating to a “neutral” rating in a report on Thursday, September 28th. Jefferies Group LLC restated a “hold” rating and set a $44.00 target price on shares of AutoNation in a report on Sunday, September 10th. KeyCorp restated a “hold” rating on shares of AutoNation in a report on Friday, September 1st. Finally, Deutsche Bank AG cut their target price on AutoNation from $46.00 to $43.00 and set a “hold” rating on the stock in a report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $45.20.
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In other AutoNation news, Director Robert R. Grusky sold 2,800 shares of the stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $38.99, for a total value of $109,172.00. Following the transaction, the director now directly owns 30,713 shares of the company’s stock, valued at approximately $1,197,499.87. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.10% of the stock is owned by corporate insiders.
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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