AutoNation, Inc. (NYSE:AN) is set to announce third quarter earning results on Wednesday 21st October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, AN to report 3Q20 income of $ 1.60 per share.
For the full year, analysts anticipate top line of $ 19775.40 million, while looking forward to income of $ 5.45 per share bottom line.
Previous Quarter Performance
AutoNation, Inc. unwinded income for the second quarter of $ 1.41 per share, from the revenue of $ 4,533.00 million. The quarterly earnings developed 25.89 percent while revenues decreased 15.17 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.35 per share from $ 3960.15 million in revenue. The bottom line results beat street analysts by $ 1.06 or 302.86 percent, at the same time, top line results outshined analysts by $ 572.85 million or 14.47 percent.
Stock Performance
Shares of AutoNation, Inc. traded up $ 1.15 or 1.85 percent on Tuesday, reaching $ 63.16 with volume of 1.63 million shares. AutoNation, Inc. has traded high as $ 63.33 and has cracked $ 61.50 on the downward trend
The closing price of $ 63.16, representing a 201.17 % increase from the 52 week low of $ 20.59 and a 3.47 % decrease over the 52 week high of $ 64.24.
The company has a market capital of $ 5.51 billion and is part of the Consumer Cyclical sector and Auto & Truck Dealerships industry.
Recent Analyst recommendations
- On 19th October 2020, initiated by Seaport Global Securities at Neutral rating
- On 15th October 2020, maintained by Bank of America at Buy rating, with $ 77.00 target price.
Conference Call
AutoNation, Inc. will be hosting a conference call at 9:00 AM eastern time on 21st October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.autonation.com
AutoNation, Inc., through its subsidiaries, operates as an automotive retailer in the United States. The company operates through three segments: Domestic, Import, and Premium Luxury. It offers a range of automotive products and services, including new and used vehicles; and parts and services, such as automotive repair and maintenance, and wholesale parts and collision services.
