AutoNation (NYSE:AN) Releases Earnings Results

AutoNation (NYSE:AN) announced its earnings results on Tuesday. The company reported $4.97 earnings per share for the quarter, topping 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 Stock Up 0.4 %

Shares of NYSE:AN opened at $191.90 on Tuesday. AutoNation has a 52 week low of $136.35 and a 52 week high of $197.18. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.20 and a current ratio of 0.80. The company has a market capitalization of $7.61 billion, a PE ratio of 11.07, a PEG ratio of 3.71 and a beta of 1.25. The company has a 50 day moving average price of $178.64 and a two-hundred day moving average price of $173.12.

Analyst Upgrades and Downgrades

AN has been the subject of a number of research analyst reports. Wells Fargo & Company boosted their target price on shares of AutoNation from $169.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 15th. JPMorgan Chase & Co. dropped their target price on shares of AutoNation from $190.00 to $180.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Bank of America dropped their target price on shares of AutoNation from $220.00 to $215.00 and set a “buy” rating for the company in a research note on Monday, October 14th. 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, Guggenheim dropped their price target on shares of AutoNation from $190.00 to $189.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $195.57.

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.