AutoNation (NYSE:AN) Issues Earnings Results

AutoNation (NYSE:AN) released its quarterly earnings data on Tuesday. The company reported $4.97 earnings per share (EPS) for the quarter, beating the consensus estimate 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 Trading Down 1.7 %

NYSE:AN opened at $191.77 on Thursday. The company has a quick ratio of 0.20, a current ratio of 0.80 and a debt-to-equity ratio of 1.58. The stock has a market capitalization of $7.60 billion, a price-to-earnings ratio of 11.06, a PEG ratio of 3.71 and a beta of 1.25. AutoNation has a 52 week low of $136.35 and a 52 week high of $198.50. The firm has a 50 day moving average of $179.12 and a 200 day moving average of $173.37.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on AN shares. Guggenheim reaffirmed a “buy” rating on shares of AutoNation in a research note on Wednesday. Stephens increased their price objective on shares of AutoNation from $195.00 to $200.00 and gave the company an “equal weight” rating in a report on Wednesday. JPMorgan Chase & Co. reduced their target price on AutoNation from $190.00 to $180.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Finally, Wells Fargo & Company increased their price target on AutoNation from $170.00 to $194.00 and gave the company an “equal weight” rating in a research note on Wednesday. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $199.71.

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.