AutoNation (NYSE:AN) Announces Quarterly Earnings Results

AutoNation (NYSE:AN) released its quarterly earnings results on Tuesday. The company reported $4.97 EPS for the quarter, beating analysts’ consensus estimates of $4.26 by $0.71, Zacks reports. AutoNation had a net margin of 2.74% and a return on equity of 32.01%.

AutoNation Price Performance

Shares of AutoNation stock opened at $191.90 on Tuesday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.20 and a current ratio of 0.80. AutoNation has a 52-week low of $136.35 and a 52-week high of $197.18. The company has a fifty day moving average of $178.64 and a 200-day moving average of $173.12. The stock has a market capitalization of $7.61 billion, a price-to-earnings ratio of 11.07, a price-to-earnings-growth ratio of 3.71 and a beta of 1.25.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on AN shares. JPMorgan Chase & Co. dropped their price objective on AutoNation from $190.00 to $180.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Wells Fargo & Company boosted their price objective on AutoNation from $169.00 to $170.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 15th. Guggenheim lowered their target price on shares of AutoNation from $190.00 to $189.00 and set a “buy” rating on the stock in a research note on Thursday, November 21st. Stephens boosted their price target on shares of AutoNation from $192.00 to $195.00 and gave the stock an “equal weight” rating in a research note on Monday, January 27th. Finally, Bank of America decreased their price target on shares of AutoNation from $220.00 to $215.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, AutoNation has a consensus rating of “Moderate Buy” and an average target price of $195.57.

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.