Wall Street brokerages forecast that AutoNation, Inc. (NYSE:AN) will post earnings per share of $0.89 for the current quarter, Zacks reports. Sixteen analysts have issued estimates for AutoNation’s earnings, with estimates ranging from $0.82 to $0.98. AutoNation posted earnings of $1.11 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 19.8%. The firm is expected to report its next quarterly earnings report before the market opens on Thursday, November 2nd.

According to Zacks, analysts expect that AutoNation will report full year earnings of $3.56 per share for the current fiscal year, with EPS estimates ranging from $3.48 to $3.67. For the next fiscal year, analysts anticipate that the firm will report earnings of $3.86 per share, with EPS estimates ranging from $3.40 to $4.30. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover AutoNation.

AutoNation (NYSE:AN) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.86 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.12). AutoNation had a return on equity of 16.71% and a net margin of 1.90%. The company had revenue of $5.28 billion for the quarter, compared to analyst estimates of $5.56 billion. During the same period last year, the company posted $1.08 EPS. The business’s revenue for the quarter was down 3.0% on a year-over-year basis.

Several analysts recently commented on the stock. Susquehanna Bancshares Inc restated a “negative” rating on shares of AutoNation in a report on Thursday, September 28th. Morgan Stanley decreased their price target on shares of AutoNation from $57.00 to $53.00 and set an “overweight” rating for the company in a report on Friday, June 9th. BidaskClub upgraded shares of AutoNation from a “strong sell” rating to a “sell” rating in a report on Monday, August 14th. ValuEngine cut shares of AutoNation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Wells Fargo & Company reiterated a “market perform” rating and issued a $45.00 target price (down from $48.50) on shares of AutoNation in a research note on Monday, July 17th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $45.55.

Shares of AutoNation (NYSE AN) traded down 0.38% during trading on Tuesday, reaching $47.38. 192,429 shares of the company traded hands. AutoNation has a 12 month low of $38.20 and a 12 month high of $53.74. The firm has a market capitalization of $4.76 billion, a PE ratio of 11.80 and a beta of 1.21. The firm has a 50-day moving average price of $45.40 and a 200-day moving average price of $42.22.

AutoNation declared that its board has approved a share buyback plan on Tuesday, August 29th that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

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In other news, Director Robert R. Grusky sold 2,800 shares of AutoNation stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $38.99, for a total value of $109,172.00. Following the transaction, the director now owns 30,713 shares of the company’s stock, valued at $1,197,499.87. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 3.10% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Nordea Investment Management AB raised its position in shares of AutoNation by 43.8% in the first quarter. Nordea Investment Management AB now owns 3,285 shares of the company’s stock valued at $139,000 after purchasing an additional 1,000 shares during the period. DekaBank Deutsche Girozentrale raised its position in shares of AutoNation by 8.4% in the second quarter. DekaBank Deutsche Girozentrale now owns 4,826 shares of the company’s stock valued at $215,000 after purchasing an additional 372 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of AutoNation in the first quarter valued at approximately $206,000. Achmea Investment Management B.V. bought a new position in shares of AutoNation in the first quarter valued at approximately $209,000. Finally, Invictus RG raised its position in shares of AutoNation by 58.2% in the first quarter. Invictus RG now owns 4,981 shares of the company’s stock valued at $211,000 after purchasing an additional 1,833 shares during the period. 73.42% of the stock is currently owned by institutional investors.

About AutoNation

AutoNation, Inc (AutoNation) is an automotive retailer in the United States. The Company offers a range of automotive products and services, including new vehicles, used vehicles, parts and service, which includes automotive repair and maintenance services, as well as wholesale parts and collision businesses, and automotive finance and insurance products, including vehicle service and other protection products, as well as the arranging of financing for vehicle purchases through third-party finance sources.

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Earnings History and Estimates for AutoNation (NYSE:AN)

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