AutoNation, Inc. (NYSE:AN) – Investment analysts at SunTrust Banks lifted their FY2021 earnings per share estimates for shares of AutoNation in a report issued on Tuesday, February 11th. SunTrust Banks analyst S. Benjamin now forecasts that the company will post earnings of $5.47 per share for the year, up from their prior estimate of $4.93.
Several other research firms have also recently commented on AN. Benchmark began coverage on AutoNation in a report on Thursday, January 9th. They issued a “hold” rating for the company. ValuEngine cut AutoNation from a “sell” rating to a “strong sell” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. increased their price target on AutoNation from $45.00 to $52.00 and gave the company an “underweight” rating in a report on Wednesday, December 18th. Finally, Cfra cut their price target on AutoNation from $62.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $48.83.
NYSE:AN opened at $47.50 on Friday. AutoNation has a one year low of $32.83 and a one year high of $53.19. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.22 and a current ratio of 0.85. The stock has a market cap of $4.27 billion, a PE ratio of 11.18, a P/E/G ratio of 2.60 and a beta of 1.04. The stock has a 50 day moving average price of $45.65 and a 200 day moving average price of $48.78.
AutoNation (NYSE:AN) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.14 by $0.18. AutoNation had a return on equity of 14.37% and a net margin of 1.82%. The firm had revenue of $5.55 billion during the quarter, compared to analysts’ expectations of $5.53 billion. During the same quarter last year, the firm earned $1.02 earnings per share. The business’s revenue for the quarter was up 2.5% on a year-over-year basis.
In other AutoNation news, CEO Cheryl Miller sold 4,331 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $49.97, for a total transaction of $216,420.07. Following the completion of the sale, the chief executive officer now owns 19,165 shares of the company’s stock, valued at $957,675.05. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Edward S. Lampert sold 214,149 shares of the firm’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $45.08, for a total value of $9,653,836.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 441,755 shares of company stock valued at $20,036,688. 2.40% of the stock is owned by insiders.
Hedge funds have recently bought and sold shares of the business. Signaturefd LLC boosted its position in shares of AutoNation by 31.9% during the third quarter. Signaturefd LLC now owns 888 shares of the company’s stock worth $45,000 after buying an additional 215 shares during the period. Municipal Employees Retirement System of Michigan boosted its position in shares of AutoNation by 2.3% during the fourth quarter. Municipal Employees Retirement System of Michigan now owns 10,900 shares of the company’s stock worth $530,000 after buying an additional 240 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of AutoNation by 1.1% during the third quarter. Commonwealth Equity Services LLC now owns 22,118 shares of the company’s stock worth $1,121,000 after buying an additional 244 shares during the period. Retirement Systems of Alabama boosted its position in shares of AutoNation by 0.3% during the fourth quarter. Retirement Systems of Alabama now owns 76,672 shares of the company’s stock worth $3,729,000 after buying an additional 250 shares during the period. Finally, Texas Permanent School Fund boosted its position in shares of AutoNation by 0.6% during the fourth quarter. Texas Permanent School Fund now owns 40,274 shares of the company’s stock worth $1,959,000 after buying an additional 260 shares during the period. 64.25% of the stock is owned by 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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