AutoNation, Inc. (NYSE:AN) Expected to Post Quarterly Sales of $5.54 Billion

Equities analysts expect AutoNation, Inc. (NYSE:AN) to announce sales of $5.54 billion for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for AutoNation’s earnings, with the highest sales estimate coming in at $5.66 billion and the lowest estimate coming in at $5.45 billion. AutoNation reported sales of $5.41 billion during the same quarter last year, which suggests a positive year over year growth rate of 2.4%. The company is expected to issue its next earnings results on Friday, February 28th.

According to Zacks, analysts expect that AutoNation will report full-year sales of $21.27 billion for the current financial year, with estimates ranging from $21.04 billion to $21.44 billion. For the next financial year, analysts anticipate that the business will post sales of $21.54 billion, with estimates ranging from $20.64 billion to $21.95 billion. Zacks’ sales calculations are an average based on a survey of research firms that follow AutoNation.

AutoNation (NYSE:AN) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.01). AutoNation had a return on equity of 14.37% and a net margin of 1.82%. The firm had revenue of $5.46 billion during the quarter, compared to analysts’ expectations of $5.38 billion. During the same quarter in the previous year, the firm earned $1.24 earnings per share. AutoNation’s revenue was up 2.1% on a year-over-year basis.

A number of equities research analysts have weighed in on the stock. ValuEngine upgraded shares of AutoNation from a “strong sell” rating to a “sell” rating in a research note on Friday, October 25th. TheStreet upgraded shares of AutoNation from a “c+” rating to a “b” rating in a research note on Tuesday, July 23rd. Cfra upgraded shares of AutoNation from a “hold” rating to a “buy” rating in a research note on Monday, October 28th. Finally, Morgan Stanley boosted their target price on shares of AutoNation from $42.00 to $46.00 and gave the company an “underweight” rating in a research note on Thursday. Three analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $43.84.

Shares of NYSE AN opened at $52.99 on Monday. AutoNation has a twelve month low of $32.83 and a twelve month high of $53.19. The firm has a market cap of $4.70 billion, a P/E ratio of 11.80, a PEG ratio of 3.32 and a beta of 1.03. The company has a 50 day moving average of $50.36 and a 200 day moving average of $45.76. 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 other news, Director Robert R. Grusky sold 5,000 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $50.00, for a total transaction of $250,000.00. Following the completion of the sale, the director now owns 44,611 shares of the company’s stock, valued at approximately $2,230,550. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Edward S. Lampert sold 71,920 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $51.96, for a total transaction of $3,736,963.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 206,376 shares of company stock valued at $10,653,546. Company insiders own 2.40% of the company’s stock.

Several hedge funds have recently modified their holdings of AN. Townsend & Associates Inc boosted its holdings in AutoNation by 18.4% in the 2nd quarter. Townsend & Associates Inc now owns 23,822 shares of the company’s stock worth $1,014,000 after buying an additional 3,700 shares during the period. Sanders Morris Harris LLC bought a new position in AutoNation in the 2nd quarter worth $210,000. Nisa Investment Advisors LLC boosted its holdings in AutoNation by 9.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 30,322 shares of the company’s stock worth $1,272,000 after buying an additional 2,600 shares during the period. 6 Meridian boosted its holdings in AutoNation by 2.1% in the 2nd quarter. 6 Meridian now owns 12,960 shares of the company’s stock worth $544,000 after buying an additional 268 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its holdings in AutoNation by 1.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 23,096 shares of the company’s stock worth $969,000 after buying an additional 329 shares during the period. 65.87% of the stock is owned by hedge funds and other institutional investors.

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 and Estimates for AutoNation (NYSE:AN)

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