AutoNation Inc reports results for the quarter ended in January - Earnings Summary

AutoNation

31/07/2024 14:33

* AutoNation Inc  AN.N  reported quarterly adjusted earnings
of
$3.99​​ per share for the quarter ended in January, lower than
the same quarter last year, when the company reported EPS of
$6.29.  The mean expectation of eleven analysts for the quarter
was for earnings of $4.34 per share. Wall Street expected
results to range from $3.25  to $4.81 per share.
    * Revenue fell 5.9% to $6.48 billion from a year ago;
analysts
expected $6.72 billion. 
    * AutoNation Inc's reported EPS for the quarter was $3.20​.
    * The company reported quarterly net income of $130.2
million.
    * AutoNation Inc shares had risen by 12.6% this quarter and
gained 19.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7% in
the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the auto
vehicles,
parts & service retailers peer group is also "buy"

Wall Street's median 12-month price target for AutoNation Inc is
$185.00 
This summary was machine generated from LSEG data July 31 at
01:33 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      4.34           3.99           Missed
 Mar. 31 2024      4.27           4.49           Beat
 Dec. 31 2023      4.95           5.02           Beat
 Sep. 30 2023      5.49           5.54           Beat