AutoNation (AN) reported quarterly earnings results on Friday, Jul-29-2016. The company said it had a profit of $1.08 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $1.04. The company posted revenue of $5441.40 million in the period, 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 $51.27 and hit $52.23 on the upside on Thursday, eventually ending the session at $52.12, with a gain of 1.14% or 0.59 points. The heightened volatility saw the trading volume jump to 15,30,021 shares. Company has a market cap of $5,374 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.