AutoNation (AN) is Initiated by CL King to Buy

AutoNation (AN) was Initiated by CL King to “Buy”. CL King advised their investors in a research report released on Sep 8, 2016.

Many Wall Street Analysts have commented on AutoNation. AutoNation was Initiated by Seaport Global Securities to “Neutral” on Aug 9, 2016.

On the company’s financial health, AutoNation reported $1.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 29, 2016. Analyst had a consensus of $1.04. The company had revenue of $5441.40 million for the quarter, compared to analysts expectations of $5509.10 million. The company’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 EPS.

AutoNation opened for trading at $48.15 and hit $49.07 on the upside on Wednesday, eventually ending the session at $49.06, with a gain of 2.10% or 1.01 points. The heightened volatility saw the trading volume jump to 805,343 shares. Company has a market cap of $5,008 M.

In a different news, on Jun 9, 2016, Jonathan P Ferrando (EVP – GC, Corp Dev & HR) sold 20,000 shares at $50.32 per share price. According to the SEC, on Jun 9, 2016, William R Berman (EVP and COO) sold 1,473 shares at $50.77 per share price. On Feb 26, 2016, Karen C Francis (director) purchased 500 shares at $51.73 per share price, according to the Form-4 filing with the securities and exchange commission.

AutoNation Inc. 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 which includes vehicle service and other protection products as well as the arranging of financing for vehicle purchases through third-party finance sources. It operates through three segments: The Domestic segment consists of retail automotive franchises that sell new vehicles manufactured by General Motors Ford and Chrysler. The Import segment consists of retail automotive franchises that sell new vehicles manufactured primarily by Toyota Honda and Nissan. The Premium Luxury segment consists of retail automotive franchises that sell new vehicles manufactured primarily by Mercedes-Benz BMW and Lexus.

AutoNation

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