Brokerages forecast that AutoNation, Inc. (NYSE:AN) will post $1.15 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Thirteen analysts have issued estimates for AutoNation’s earnings, with the highest EPS estimate coming in at $1.24 and the lowest estimate coming in at $1.07. AutoNation reported earnings of $1.02 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 12.7%. The business is expected to report its next quarterly earnings report on Thursday, February 7th.

On average, analysts expect that AutoNation will report full year earnings of $4.53 per share for the current fiscal year, with EPS estimates ranging from $4.45 to $4.62. For the next year, analysts anticipate that the firm will post earnings of $4.56 per share, with EPS estimates ranging from $3.73 to $4.90. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for AutoNation.

AutoNation (NYSE:AN) last issued its quarterly earnings results on Tuesday, October 30th. The company reported $1.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.24. AutoNation had a return on equity of 16.21% and a net margin of 2.10%. The business had revenue of $5.35 billion for the quarter, compared to the consensus estimate of $5.58 billion. During the same quarter in the previous year, the company posted $1.00 earnings per share. AutoNation’s revenue for the quarter was down 1.5% compared to the same quarter last year.

A number of brokerages have recently weighed in on AN. SunTrust Banks began coverage on AutoNation in a report on Friday, August 24th. They set a “hold” rating and a $48.00 price target on the stock. ValuEngine downgraded AutoNation from a “hold” rating to a “sell” rating in a research note on Monday, August 13th. TheStreet downgraded AutoNation from a “b-” rating to a “c+” rating in a research note on Tuesday, September 25th. Wolfe Research downgraded AutoNation from a “market perform” rating to an “underperform” rating and lowered their target price for the company from $46.00 to $37.00 in a research note on Tuesday, October 2nd. Finally, Bank of America upgraded AutoNation from a “neutral” rating to a “buy” rating and set a $59.00 target price on the stock in a research note on Wednesday, October 24th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $46.00.

Shares of AN stock opened at $34.57 on Friday. AutoNation has a 1-year low of $34.25 and a 1-year high of $62.02. The company has a current ratio of 0.86, a quick ratio of 0.20 and a debt-to-equity ratio of 0.75. The firm has a market cap of $3.17 billion, a PE ratio of 9.07, a price-to-earnings-growth ratio of 1.23 and a beta of 1.21.

In other AutoNation news, CEO Michael J. Jackson sold 74,208 shares of the business’s stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $40.69, for a total value of $3,019,523.52. Following the transaction, the chief executive officer now owns 168,205 shares in the company, valued at $6,844,261.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert R. Grusky sold 2,500 shares of the business’s stock in a transaction dated Tuesday, November 13th. The shares were sold at an average price of $40.00, for a total value of $100,000.00. Following the completion of the transaction, the director now owns 35,177 shares in the company, valued at approximately $1,407,080. The disclosure for this sale can be found here. Insiders own 2.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Jane Street Group LLC bought a new stake in shares of AutoNation during the 2nd quarter worth about $222,000. Oakbrook Investments LLC bought a new stake in shares of AutoNation during the 3rd quarter worth about $204,000. Virtu Financial LLC bought a new stake in shares of AutoNation during the 3rd quarter worth about $219,000. Kentucky Retirement Systems bought a new stake in shares of AutoNation during the 3rd quarter worth about $265,000. Finally, Stevens Capital Management LP bought a new stake in shares of AutoNation during the 3rd quarter worth about $228,000. Hedge funds and other institutional investors own 64.13% of the company’s stock.

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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