AutoNation, Inc. (NYSE:AN) – Equities researchers at Northcoast Research boosted their FY2020 EPS estimates for shares of AutoNation in a research report issued to clients and investors on Wednesday, February 12th. Northcoast Research analyst J. Healy now anticipates that the company will earn $4.74 per share for the year, up from their prior estimate of $4.56.
AutoNation (NYSE:AN) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $1.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.18. The firm had revenue of $5.55 billion during the quarter, compared to the consensus estimate of $5.53 billion. AutoNation had a return on equity of 14.37% and a net margin of 1.82%. The business’s revenue was up 2.5% compared to the same quarter last year. During the same period last year, the company earned $1.02 earnings per share.
A number of other analysts have also recently issued reports on AN. Cfra cut their price objective on AutoNation from $62.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday. JPMorgan Chase & Co. raised their price objective on AutoNation from $45.00 to $52.00 and gave the company an “underweight” rating in a research report on Wednesday, December 18th. ValuEngine cut AutoNation from a “sell” rating to a “strong sell” rating in a research report on Wednesday, November 20th. Finally, Benchmark assumed coverage on AutoNation in a research report on Thursday, January 9th. They issued a “hold” rating for the company. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. AutoNation has an average rating of “Hold” and a consensus price target of $48.83.
AN opened at $47.50 on Friday. AutoNation has a 12-month low of $32.83 and a 12-month high of $53.19. The stock has a market cap of $4.27 billion, a price-to-earnings ratio of 11.18, a PEG ratio of 2.60 and a beta of 1.04. The business has a 50 day moving average of $45.65 and a 200-day moving average of $48.78. The company has a quick ratio of 0.22, a current ratio of 0.85 and a debt-to-equity ratio of 0.63.
In related news, Director Robert R. Grusky sold 5,000 shares of AutoNation stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $48.06, for a total transaction of $240,300.00. Following the completion of the sale, the director now directly owns 44,721 shares of the company’s stock, valued at approximately $2,149,291.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Cheryl Miller sold 4,331 shares of AutoNation stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $49.97, for a total value of $216,420.07. Following the sale, the chief executive officer now directly owns 19,165 shares of the company’s stock, valued at $957,675.05. The disclosure for this sale can be found here. Over the last three months, insiders have sold 441,755 shares of company stock valued at $20,036,688. 2.40% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in AN. Tobias Financial Advisors Inc. acquired a new position in AutoNation in the 4th quarter valued at $32,000. Pinnacle Financial Partners Inc. acquired a new position in AutoNation in the 4th quarter valued at $32,000. Cerebellum GP LLC acquired a new position in AutoNation in the 3rd quarter valued at $33,000. TRUE Private Wealth Advisors acquired a new position in AutoNation in the 4th quarter valued at $37,000. Finally, Ladenburg Thalmann Financial Services Inc. raised its holdings in AutoNation by 123.2% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,038 shares of the company’s stock valued at $43,000 after acquiring an additional 573 shares in the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.
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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