AutoNation (AN) Earns Daily Coverage Optimism Rating of 0.14
Press coverage about AutoNation (NYSE:AN) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. AutoNation earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.7494530336975 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- AutoNation Announces Pricing of $750 Million Aggregate Principal Amount of Senior Notes (finance.yahoo.com)
- AutoNation Larger Than S&P 500 Component H & R Block (marketnewsvideo.com)
- Insider Selling: AutoNation, Inc. (AN) Major Shareholder Sells 3,480 Shares of Stock (americanbankingnews.com)
- Activision Blizzard Runs Up the Score; AutoNation Makes a Deal (fool.com)
- How technology could kill car dealerships, in one chart (finance.yahoo.com)
AN has been the subject of several recent analyst reports. Jefferies Group LLC increased their price target on AutoNation from $44.00 to $50.00 and gave the stock a “hold” rating in a research note on Friday, November 3rd. BidaskClub raised AutoNation from a “strong sell” rating to a “sell” rating in a research note on Monday, August 14th. Buckingham Research decreased their price target on AutoNation from $44.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, August 3rd. Deutsche Bank AG reissued a “hold” rating and issued a $43.00 price target (down previously from $46.00) on shares of AutoNation in a research note on Wednesday, August 9th. Finally, ValuEngine raised AutoNation from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. AutoNation has an average rating of “Hold” and a consensus target price of $46.88.
Shares of AutoNation (AN) opened at $52.92 on Wednesday. The company has a quick ratio of 0.17, a current ratio of 0.73 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $4,969.14, a price-to-earnings ratio of 14.11, a PEG ratio of 2.10 and a beta of 1.24. AutoNation has a twelve month low of $38.20 and a twelve month high of $55.77.
AutoNation (NYSE:AN) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $1.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.16. The business had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.58 billion. AutoNation had a return on equity of 16.40% and a net margin of 1.87%. The company’s revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.05 earnings per share. analysts forecast that AutoNation will post 3.65 EPS for the current year.
AutoNation announced that its Board of Directors has authorized a stock buyback plan on Tuesday, August 29th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the company to reacquire up to 6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
In other news, major shareholder Edward S. Lampert sold 3,480 shares of the company’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $55.61, for a total transaction of $193,522.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.10% of the company’s stock.
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AutoNation Company Profile
AutoNation, Inc (AutoNation) is an automotive retailer in the United States. The Company offers a range of automotive products and services, including new vehicles, used vehicles, parts and service, which includes automotive repair and maintenance services, as well as wholesale parts and collision businesses, and automotive finance and insurance products, including vehicle service and other protection products, as well as the arranging of financing for vehicle purchases through third-party finance sources.
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