AutoNation
AN

$158.96

3%

Market Cap: $6.4B

About: AutoNation is the second largest automotive dealer in the United States, with 2023 revenue of about $27 billion and over 250 dealerships, plus 53 collision centers. The firm also has 23 AutoNation USA used-vehicle stores, a captive lender, four auction sites, and three parts distributors all across 21 states primarily in Sunbelt metropolitan areas. New-vehicle sales account for nearly half of revenue; the company also sells used vehicles, parts, and repair services as well as auto financing. The company (formerly Republic Industries) spun off its waste management unit (Republic Services) in 1999 and its car rental businesses (ANC Rental) in 2000. Wayne Huizenga founded the company in the 1990s to bring the rollup acquisition strategy to auto retailing, which has proved to be a smart move.

Employees: 25,300

Consumer Discretionary Auto Dealers & Gasoline Stations

0

Funds holding %

of 6,710 funds

0

Analysts bullish %

of 4 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

35.53% more ownership

Funds ownership: 25.59% [Q1] → 61.12% (+35.53%) [Q2]

0% less funds holding

Funds holding: 445 [Q1] → 444 (-1) [Q2]

2% less first-time investments, than exits

New positions opened: 59 | Existing positions closed: 60

8% less repeat investments, than reductions

Existing positions increased: 145 | Existing positions reduced: 158

10% less capital invested

Capital invested by funds: $4.37B [Q1] → $3.93B (-$440M) [Q2]

38% less call options, than puts

Call options by funds: $36.7M | Put options by funds: $59.5M

See Fund Rankings

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$160

1%

upside

Avg. target

$189

19%

upside

High target

$220

38%

upside

4 analyst ratings

1 positive

25%

3 neutral

75%

0 negative

0%

JP Morgan Rajat Gupta 70% 1-year accuracy 21 / 30 met price target	20%upside $190	Neutral Maintained	10 Sept 2024
JP Morgan Rajat Gupta 70% 1-year accuracy 21 / 30 met price target	1%upside $160	Neutral Maintained	6 Aug 2024
Wells Fargo Colin Langan 19% 1-year accuracy 5 / 26 met price target	18%upside $187	Equal-Weight Maintained	1 Aug 2024
B of A Securities John Murphy 46% 1-year accuracy 16 / 35 met price target	38%upside $220	Buy Maintained	22 Jul 2024

See Analyst Rankings

Financial journalist opinion

Coinbase Global, Hershey And 2 Other Stocks Executives Are Selling

The Nasdaq 100 closed higher by around 0.3% during Tuesday's session. Investors, meanwhile, focused on some notable insider trades.

Coinbase Global, Hershey And 2 Other Stocks Executives Are Selling

Kerrigan Advisors Names Chris Gempton as Senior Vice President, Sell-Side Advisory, Opening the Firm's First Florida Office

MIAMI--(BUSINESS WIRE)-- #autoindustry--Kerrigan Advisors, the leading sell-side advisory firm and thought partner to auto dealers in the U.S., today announced that Chris Gempton has joined the firm as Senior Vice President, Sell-Side Advisory. Gempton brings nearly two decades of automotive experience, including 13 years at AutoNation (NYSE: AN), where he most recently served as Vice President of Corporate Development. Gempton will open Kerrigan Advisors' Florida office in Midtown Miami to serve Kerrigan Advi.

Kerrigan Advisors Names Chris Gempton as Senior Vice President, Sell-Side Advisory, Opening the Firm's First Florida Office

Zacks Investment Research

AutoNation (AN) Stock Falls 7.4% Since Q2 Earnings Miss

AutoNation (AN) reports lower-than-expected second-quarter results, wherein earnings decline year over year.

AutoNation (AN) Stock Falls 7.4% Since Q2 Earnings Miss

Investors Flock to Auto Retail Stock as It Hits New Highs

Investors have grown worried about the current state of the United States economy, especially now that the ISM Manufacturing PMI index has delivered a 21-month contraction. A reading of 46.8% for July makes it the worst reading in nearly two years.

Investors Flock to Auto Retail Stock as It Hits New Highs

AutoNation, Inc. (AN) Q2 2024 Earnings Call Transcript

AutoNation, Inc. (NYSE:AN ) Q2 2024 Results Conference Call July 31, 2024 9:00 AM ET Company Participants Derek Fiebig - Vice President of Investor Relations Michael Manley - Chief Executive Officer Thomas Szlosek - Chief Financial Officer Conference Call Participants John Murphy - Bank of America Rajat Gupta - JPMorgan Douglas Dutton - Evercore Bret Jordan - Jefferies Danielle Hogan - Morgan Stanley Operator Good morning. Thank you for attending the AutoNation 2Q '24 Earnings Call.

AutoNation, Inc. (AN) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Here's What Key Metrics Tell Us About AutoNation (AN) Q2 Earnings

While the top- and bottom-line numbers for AutoNation (AN) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Here's What Key Metrics Tell Us About AutoNation (AN) Q2 Earnings

Zacks Investment Research

AutoNation (AN) Misses Q2 Earnings and Revenue Estimates

AutoNation (AN) came out with quarterly earnings of $3.99 per share, missing the Zacks Consensus Estimate of $4.31 per share. This compares to earnings of $6.29 per share a year ago.

AutoNation (AN) Misses Q2 Earnings and Revenue Estimates

AutoNation's Q2 earnings fall short of targets after dealership disruption caused by CDK Global cyberattack

New and used car retailer AutoNation Inc. AN said Wednesday it had net income of $130.2 million, or $3.20 a share, for the second quarter, down from $272.5 million, or $6.02 a share, in the year-earlier period. Adjusted EPS came to $3.99, below the $4.32 FactSet consensus. Revenue fell 6% to $6.480 billion, also below the $6.717 billion FactSet consensus. Earnings were hurt by the outage of the company's dealership management system following a cyberattack on software provider CDK Global, which created disruption at dealerships across the U.S. The outage shaved an estimated $1.55 off EPS, including 79 cents worth of...

AutoNation's Q2 earnings fall short of targets after dealership disruption caused by CDK Global cyberattack

AutoNation Reports Second Quarter 2024 Results

Q2 2024 EPS $3.20, adjusted EPS $3.99 After-Sales gross profit margin improved by 60 basis points from Q2 2023 (to 48.0%) and improving recent trends in vehicle unit profitability Strong free cash flow conversion Continued focus on capital allocation - YTD share repurchases $350 million Operational continuity now restored post-CDK outage; impacted Q2 2024 EPS by an estimated $1.55 FORT LAUDERDALE, Fla. , July 31, 2024 /PRNewswire/ -- AutoNation, Inc. (NYSE: AN), today reported second quarter 2024 revenue of $6.5 billion, EPS of $3.20, and adjusted EPS of $3.99.

AutoNation Reports Second Quarter 2024 Results

Zacks Investment Research

Can These 5 Auto Stocks Surpass Q2 Earnings Predictions?

The auto sector's second-quarter earnings are projected to decline 10.4% year over year. Let's examine how OSK, CVNA, BWA, AN and PAG are positioned ahead of their quarterly releases.

Can These 5 Auto Stocks Surpass Q2 Earnings Predictions?

See News Rankings