$5.93 Billion in Sales Expected for AutoNation, Inc. (NYSE:AN) This Quarter


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Analysts predict that AutoNation, Inc. (NYSE:AN) will report sales of $5.93 billion for the current fiscal quarter, Zacks reports. Four analysts have made estimates for AutoNation’s earnings, with the lowest sales estimate coming in at $5.61 billion and the highest estimate coming in at $6.16 billion. AutoNation reported sales of $4.53 billion during the same quarter last year, which indicates a positive year over year growth rate of 30.9%. The firm is scheduled to issue its next earnings results on Thursday, July 22nd.

On average, analysts expect that AutoNation will report full-year sales of $23.67 billion for the current year, with estimates ranging from $23.25 billion to $24.02 billion. For the next year, analysts forecast that the business will post sales of $24.14 billion, with estimates ranging from $23.51 billion to $25.40 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for AutoNation.

AutoNation (NYSE:AN) last released its quarterly earnings data on Monday, April 19th. The company reported $2.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.80 by $0.99. The company had revenue of $5.90 billion for the quarter, compared to analysts’ expectations of $5.03 billion. AutoNation had a net margin of 1.92% and a return on equity of 17.17%. The business’s revenue was up 26.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.91 EPS.

AN has been the topic of a number of analyst reports. JPMorgan Chase & Co. lowered shares of AutoNation from an “overweight” rating to a “neutral” rating and set a $75.00 target price on the stock. in a report on Friday, January 15th. They noted that the move was a valuation call. Truist upped their target price on shares of AutoNation from $80.00 to $100.00 in a report on Wednesday, April 21st. Truist Securities boosted their target price on AutoNation from $80.00 to $100.00 and gave the stock a “hold” rating in a research note on Tuesday, April 27th. Benchmark raised AutoNation from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a research report on Wednesday, April 28th. Finally, Morgan Stanley boosted their price objective on AutoNation from $60.00 to $65.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 28th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $79.22.

In other news, Director Robert R. Grusky sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 16th. The shares were sold at an average price of $80.00, for a total value of $400,000.00. Following the sale, the director now owns 53,392 shares of the company’s stock, valued at $4,271,360. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Edward S. Lampert sold 133,770 shares of the company’s stock in a transaction that occurred on Monday, May 3rd. The shares were sold at an average price of $103.72, for a total transaction of $13,874,624.40. The disclosure for this sale can be found here. Insiders have sold a total of 592,116 shares of company stock worth $56,775,068 in the last ninety days. Insiders own 2.10% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. CLARET ASSET MANAGEMENT Corp purchased a new position in AutoNation during the 1st quarter valued at about $230,000. Envestnet Asset Management Inc. boosted its position in shares of AutoNation by 24.1% in the first quarter. Envestnet Asset Management Inc. now owns 10,804 shares of the company’s stock valued at $1,007,000 after acquiring an additional 2,099 shares during the period. Victory Capital Management Inc. grew its stake in AutoNation by 5.8% during the first quarter. Victory Capital Management Inc. now owns 2,510,573 shares of the company’s stock valued at $234,036,000 after acquiring an additional 138,060 shares in the last quarter. Raymond James Trust N.A. bought a new stake in AutoNation during the 1st quarter worth approximately $267,000. Finally, IFP Advisors Inc lifted its stake in AutoNation by 128.5% in the 1st quarter. IFP Advisors Inc now owns 1,853 shares of the company’s stock worth $173,000 after purchasing an additional 1,042 shares in the last quarter. 63.36% of the stock is owned by hedge funds and other institutional investors.

Shares of AN stock traded up $1.69 on Thursday, reaching $105.16. 1,183,468 shares of the company were exchanged, compared to its average volume of 763,762. The company has a market cap of $8.46 billion, a price-to-earnings ratio of 23.95, a PEG ratio of 1.22 and a beta of 1.57. The company has a 50-day moving average of $94.28 and a 200-day moving average of $76.12. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.98 and a quick ratio of 0.32. AutoNation has a one year low of $31.88 and a one year high of $105.22.

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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