Wall Street brokerages expect that AutoNation, Inc. (NYSE:AN) will report earnings per share of $1.80 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for AutoNation’s earnings. The highest EPS estimate is $2.19 and the lowest is $1.40. AutoNation posted earnings per share of $0.91 in the same quarter last year, which would indicate a positive year-over-year growth rate of 97.8%. The company is scheduled to report its next earnings report on Monday, May 10th.

On average, analysts expect that AutoNation will report full year earnings of $7.30 per share for the current year, with EPS estimates ranging from $6.35 to $8.40. For the next financial year, analysts anticipate that the business will report earnings of $7.74 per share, with EPS estimates ranging from $7.00 to $8.54. Zacks’ EPS averages are an average based on a survey of sell-side research firms that cover AutoNation.

AutoNation (NYSE:AN) last announced its earnings results on Monday, February 15th. The company reported $2.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.42. AutoNation had a return on equity of 17.17% and a net margin of 1.92%. During the same quarter last year, the firm posted $1.32 earnings per share.

A number of analysts have recently issued reports on the company. Morgan Stanley lifted their price target on AutoNation from $54.00 to $56.00 and gave the company an “underweight” rating in a research report on Monday, December 7th. Truist lifted their price target on AutoNation from $73.00 to $80.00 in a research note on Thursday, February 18th. Bank of America boosted their target price on AutoNation from $77.00 to $79.00 and gave the company a “buy” rating in a research note on Tuesday, November 17th. Finally, JPMorgan Chase & Co. cut AutoNation from an “overweight” rating to a “neutral” rating and set a $75.00 target price on the stock. in a research note on Friday, January 15th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $63.00.

NYSE AN traded down $1.82 during trading hours on Tuesday, hitting $76.81. The company had a trading volume of 13,343 shares, compared to its average volume of 591,762. AutoNation has a 52 week low of $20.59 and a 52 week high of $82.90. The firm has a 50 day simple moving average of $75.84 and a 200 day simple moving average of $64.11. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.32 and a current ratio of 0.98. The firm has a market capitalization of $6.32 billion, a price-to-earnings ratio of 17.59, a PEG ratio of 1.22 and a beta of 1.57.

In other AutoNation news, Director David B. Edelson sold 5,000 shares of AutoNation stock in a transaction dated Monday, December 7th. The stock was sold at an average price of $67.30, for a total transaction of $336,500.00. Following the completion of the sale, the director now owns 47,140 shares of the company’s stock, valued at approximately $3,172,522. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael J. Jackson sold 101,264 shares of AutoNation stock in a transaction dated Friday, February 19th. The stock was sold at an average price of $78.28, for a total value of $7,926,945.92. Insiders sold a total of 229,174 shares of company stock valued at $17,605,239 over the last ninety days. Corporate insiders own 2.10% of the company’s stock.

Hedge funds have recently modified their holdings of the company. FinTrust Capital Advisors LLC acquired a new position in shares of AutoNation during the 3rd quarter worth approximately $25,000. International Assets Investment Management LLC acquired a new position in AutoNation during the fourth quarter worth $29,000. JJJ Advisors Inc. increased its position in shares of AutoNation by 275.9% during the fourth quarter. JJJ Advisors Inc. now owns 436 shares of the company’s stock worth $30,000 after acquiring an additional 320 shares during the period. Royal London Asset Management Ltd. purchased a new stake in shares of AutoNation during the fourth quarter worth $41,000. Finally, McIlrath & Eck LLC increased its holdings in AutoNation by 115.1% in the fourth quarter. McIlrath & Eck LLC now owns 626 shares of the company’s stock valued at $44,000 after buying an additional 335 shares during the last quarter. 63.36% of the stock is owned by institutional investors and hedge funds.

AutoNation Company Profile

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 and Estimates for AutoNation (NYSE:AN)

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