AutoNation (NYSE:AN) Releases Earnings Results, Beats Expectations By $0.99 EPS


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AutoNation (NYSE:AN) issued its quarterly earnings results on Monday. The company reported $2.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.80 by $0.99, MarketWatch Earnings reports. AutoNation had a net margin of 1.92% and a return on equity of 17.17%. The company had revenue of $5.90 billion during the quarter, compared to the consensus estimate of $5.03 billion. During the same quarter in the prior year, the firm posted $0.91 EPS. The firm’s quarterly revenue was up 26.5% on a year-over-year basis.

Shares of AN stock traded up $2.26 on Wednesday, hitting $95.49. 849,695 shares of the stock were exchanged, compared to its average volume of 733,656. The firm’s 50 day moving average is $90.37 and its two-hundred day moving average is $73.65. AutoNation has a one year low of $28.79 and a one year high of $99.78. The firm has a market capitalization of $7.87 billion, a PE ratio of 21.75, a P/E/G ratio of 1.22 and a beta of 1.57. The company has a current ratio of 0.98, a quick ratio of 0.32 and a debt-to-equity ratio of 0.53.

In related news, EVP C Coleman Edmunds sold 3,270 shares of the stock in a transaction dated Wednesday, February 24th. The shares were sold at an average price of $77.97, for a total value of $254,961.90. Also, Director Robert R. Grusky sold 5,000 shares of the business’s stock in a transaction dated Tuesday, February 16th. The stock was sold at an average price of $80.00, for a total transaction of $400,000.00. Following the sale, the director now directly owns 53,392 shares in the company, valued at approximately $4,271,360. The disclosure for this sale can be found here. Over the last three months, insiders sold 190,463 shares of company stock worth $15,322,523. Insiders own 2.10% of the company’s stock.

Several research firms recently weighed in on AN. Truist Securities raised their price objective on AutoNation from $80.00 to $100.00 and gave the company a “hold” rating in a report on Wednesday. Morgan Stanley upped their price objective on AutoNation from $56.00 to $60.00 and gave the company an “underweight” rating in a research note on Thursday, February 25th. Truist lifted their target price on shares of AutoNation from $80.00 to $100.00 in a research report on Wednesday. Finally, JPMorgan Chase & Co. lowered AutoNation from an “overweight” rating to a “neutral” rating and set a $75.00 price target on the stock. in a research report on Friday, January 15th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $69.78.

About AutoNation

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 for AutoNation (NYSE:AN)

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