We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
What Analyst Projections for Key Metrics Reveal About AutoNation (AN) Q3 Earnings
Read MoreHide Full Article
Wall Street analysts forecast that AutoNation (AN - Free Report) will report quarterly earnings of $4.53 per share in its upcoming release, pointing to a year-over-year decline of 18.2%. It is anticipated that revenues will amount to $6.76 billion, exhibiting a decline of 1.9% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has undergone an upward revision of 0.2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
With that in mind, let's delve into the average projections of some AutoNation metrics that are commonly tracked and projected by analysts on Wall Street.
Based on the collective assessment of analysts, 'Revenue- Other' should arrive at $6.30 million. The estimate suggests a change of +3.3% year over year.
The consensus among analysts is that 'Revenue- New Vehicle' will reach $3.16 billion. The estimate indicates a year-over-year change of -0.8%.
Analysts expect 'Revenue- Used Vehicle' to come in at $2.00 billion. The estimate indicates a change of -8% from the prior-year quarter.
According to the collective judgment of analysts, 'Revenue- Parts and service' should come in at $1.23 billion. The estimate indicates a change of +6.6% from the prior-year quarter.
Analysts predict that the 'Unit sales - Total - Retail' will reach 133,057. Compared to the current estimate, the company reported 134,806 in the same quarter of the previous year.
Analysts' assessment points toward 'Revenue per Vehicle retailed - New Vehicle' reaching $49,865.59. The estimate compares to the year-ago value of $51,174.
Analysts forecast 'Revenue per Vehicle retailed - Used Vehicle' to reach $26,718.89. Compared to the present estimate, the company reported $27,926 in the same quarter last year.
It is projected by analysts that the 'Gross profit per vehicle retailed - Finance and insurance' will reach $2,722.11. Compared to the present estimate, the company reported $2,741 in the same quarter last year.
The average prediction of analysts places 'Unit sales - Used Vehicle - Retail' at 70,008. Compared to the present estimate, the company reported 72,517 in the same quarter last year.
The consensus estimate for 'Unit sales - New Vehicle - Retail' stands at 63,049. Compared to the current estimate, the company reported 62,289 in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Gross profit per Vehicle retailed - Used Vehicle' will likely reach $1,582.39. The estimate is in contrast to the year-ago figure of $1,746.
The collective assessment of analysts points to an estimated 'Gross profit per Vehicle retailed - New Vehicle' of $2,781.01. The estimate is in contrast to the year-ago figure of $4,025.
Shares of AutoNation have demonstrated returns of -7.3% over the past month compared to the Zacks S&P 500 composite's +2.8% change. With a Zacks Rank #4 (Sell), AN is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
What Analyst Projections for Key Metrics Reveal About AutoNation (AN) Q3 Earnings
Wall Street analysts forecast that AutoNation (AN - Free Report) will report quarterly earnings of $4.53 per share in its upcoming release, pointing to a year-over-year decline of 18.2%. It is anticipated that revenues will amount to $6.76 billion, exhibiting a decline of 1.9% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has undergone an upward revision of 0.2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
With that in mind, let's delve into the average projections of some AutoNation metrics that are commonly tracked and projected by analysts on Wall Street.
Based on the collective assessment of analysts, 'Revenue- Other' should arrive at $6.30 million. The estimate suggests a change of +3.3% year over year.
The consensus among analysts is that 'Revenue- New Vehicle' will reach $3.16 billion. The estimate indicates a year-over-year change of -0.8%.
Analysts expect 'Revenue- Used Vehicle' to come in at $2.00 billion. The estimate indicates a change of -8% from the prior-year quarter.
According to the collective judgment of analysts, 'Revenue- Parts and service' should come in at $1.23 billion. The estimate indicates a change of +6.6% from the prior-year quarter.
Analysts predict that the 'Unit sales - Total - Retail' will reach 133,057. Compared to the current estimate, the company reported 134,806 in the same quarter of the previous year.
Analysts' assessment points toward 'Revenue per Vehicle retailed - New Vehicle' reaching $49,865.59. The estimate compares to the year-ago value of $51,174.
Analysts forecast 'Revenue per Vehicle retailed - Used Vehicle' to reach $26,718.89. Compared to the present estimate, the company reported $27,926 in the same quarter last year.
It is projected by analysts that the 'Gross profit per vehicle retailed - Finance and insurance' will reach $2,722.11. Compared to the present estimate, the company reported $2,741 in the same quarter last year.
The average prediction of analysts places 'Unit sales - Used Vehicle - Retail' at 70,008. Compared to the present estimate, the company reported 72,517 in the same quarter last year.
The consensus estimate for 'Unit sales - New Vehicle - Retail' stands at 63,049. Compared to the current estimate, the company reported 62,289 in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Gross profit per Vehicle retailed - Used Vehicle' will likely reach $1,582.39. The estimate is in contrast to the year-ago figure of $1,746.
The collective assessment of analysts points to an estimated 'Gross profit per Vehicle retailed - New Vehicle' of $2,781.01. The estimate is in contrast to the year-ago figure of $4,025.
View all Key Company Metrics for AutoNation here>>>
Shares of AutoNation have demonstrated returns of -7.3% over the past month compared to the Zacks S&P 500 composite's +2.8% change. With a Zacks Rank #4 (Sell), AN is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>