Equities Analysts Set Expectations for AutoNation, Inc.’s Q1 2020 Earnings (NYSE:AN)

AutoNation, Inc. (NYSE:AN) – Analysts at Northcoast Research issued their Q1 2020 EPS estimates for shares of AutoNation in a research report issued on Wednesday, February 12th. Northcoast Research analyst J. Healy forecasts that the company will post earnings per share of $1.10 for the quarter. Northcoast Research also issued estimates for AutoNation’s Q2 2020 earnings at $1.29 EPS, Q3 2020 earnings at $1.12 EPS, Q4 2020 earnings at $1.23 EPS and FY2021 earnings at $4.94 EPS.

AutoNation (NYSE:AN) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.14 by $0.18. AutoNation had a net margin of 1.82% and a return on equity of 14.37%. The business had revenue of $5.55 billion for the quarter, compared to analyst estimates of $5.53 billion. During the same quarter in the previous year, the firm posted $1.02 earnings per share. AutoNation’s quarterly revenue was up 2.5% on a year-over-year basis.

Several other equities research analysts have also commented on the stock. Benchmark started coverage on shares of AutoNation in a research note on Thursday, January 9th. They set a “hold” rating on the stock. ValuEngine lowered shares of AutoNation from a “sell” rating to a “strong sell” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. boosted their price objective on shares of AutoNation from $45.00 to $52.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 18th. Finally, Cfra dropped their price objective on shares of AutoNation from $62.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday. 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. The company has a consensus rating of “Hold” and an average price target of $48.83.

NYSE:AN opened at $47.50 on Thursday. 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 current ratio of 0.85 and a quick ratio of 0.22. The company’s 50-day simple moving average is $45.65 and its 200 day simple moving average is $48.78. The firm has a market capitalization of $4.27 billion, a P/E ratio of 11.18, a PEG ratio of 2.60 and a beta of 1.04.

Hedge funds and other institutional investors have recently modified their holdings of the company. Signaturefd LLC lifted its position in AutoNation by 31.9% during the third quarter. Signaturefd LLC now owns 888 shares of the company’s stock valued at $45,000 after purchasing an additional 215 shares during the period. Municipal Employees Retirement System of Michigan lifted its position in AutoNation by 2.3% during the fourth quarter. Municipal Employees Retirement System of Michigan now owns 10,900 shares of the company’s stock valued at $530,000 after purchasing an additional 240 shares during the period. Commonwealth Equity Services LLC lifted its position in AutoNation by 1.1% during the third quarter. Commonwealth Equity Services LLC now owns 22,118 shares of the company’s stock valued at $1,121,000 after purchasing an additional 244 shares during the period. Retirement Systems of Alabama lifted its position in AutoNation by 0.3% during the fourth quarter. Retirement Systems of Alabama now owns 76,672 shares of the company’s stock valued at $3,729,000 after purchasing an additional 250 shares during the period. Finally, Texas Permanent School Fund lifted its position in AutoNation by 0.6% during the fourth quarter. Texas Permanent School Fund now owns 40,274 shares of the company’s stock valued at $1,959,000 after purchasing an additional 260 shares during the period. Hedge funds and other institutional investors own 64.25% of the company’s stock.

In other news, major shareholder Edward S. Lampert sold 214,149 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $45.08, for a total value of $9,653,836.92. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Cheryl Miller sold 4,331 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 19,165 shares in the company, valued at approximately $957,675.05. The disclosure for this sale can be found here. In the last quarter, insiders sold 441,755 shares of company stock worth $20,036,688. Insiders own 2.40% of the company’s stock.

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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