AutoNation (NYSE:AN) Announces Quarterly Earnings Results

AutoNation (NYSE:AN) released its quarterly earnings results on Tuesday. The company reported $4.97 earnings per share 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 Stock Performance

Shares of AN opened at $191.90 on Tuesday. AutoNation has a 12 month low of $136.35 and a 12 month high of $197.18. The firm has a fifty day simple moving average of $178.64 and a 200 day simple moving average of $173.12. The stock has a market capitalization of $7.61 billion, a price-to-earnings ratio of 11.07, a PEG ratio of 3.71 and a beta of 1.25. The company has a current ratio of 0.80, a quick ratio of 0.20 and a debt-to-equity ratio of 1.58.

Wall Street Analyst Weigh In

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