AutoNation (AN) Releases Earnings Results, Reports EPS of $0.93 EPS

AutoNation (AN) reported quarterly earnings results on Friday, Apr-22-2016. The company reported $0.93 EPS for the quarter. Analysts had a consensus estimate of $0.93. The company posted revenue of $5119.60 million in the period, compared to analysts expectations of $5295.47 million. The company’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 EPS.

Many Wall Street Analysts have commented on AutoNation. AutoNation was Initiated by Jefferies to “Hold” on Apr 11, 2016. AutoNation was Downgraded by Goldman to ” Sell” on Mar 8, 2016.

AutoNation closed down -0.65 points or -1.33% at $48.05 with 47,40,104 shares getting traded on Wednesday. Post opening the session at $48.35, the shares hit an intraday low of $46.81 and an intraday high of $48.58 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Feb 26, 2016, Karen C Francis (director) purchased 500 shares at $51.73 per share price. According to the SEC, on Feb 2, 2016, George Lawrence Iii Mikan (director) purchased 4,500 shares at $43.03 per share price. On Nov 27, 2015, David B Edelson (director) sold 8,000 shares at $64.00 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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