While electric vehicles may be the future of mobility and transportation, an old industry is gaining significant relevance, thus driving the case for auto stocks to buy. Further, this fresh dynamic might not fade anytime soon.Fundamentally, one of the biggest challenges facing the EV sector is the ongoing price war. One could make the argument that certain enterprises are only trying to weed out the competition. But it also implies that the overall addressable market is simply not big enough for every playe ...

It has been about a month since the last earnings report for AutoNation (AN) . Shares have added about 6.8% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is AutoNation due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. AutoNation Q4 Earnings Beat Expectations, Declin ...

AutoNation, Inc. (AN) reported fourth-quarter 2023 adjusted earnings of $5.02 per share, which decreased 21.2% year over year but topped the Zacks Consensus Estimate of $4.85. This outperformance can be primarily attributed to higher-than-expected new vehicle and parts and service business revenues. In the reported quarter, revenues amounted to $6.8 billion, surpassing the Zacks Consensus Estimate of $6.65 billion. The company had recorded revenues of $6.7 billion in the fourth quarter of 2022. Revenues acr ...

Hispanolistic AutoNation, Inc. (NYSE:AN) recently delivered better than expected quarterly EPS, and noted beneficial words about 2024 cash flow and future vehicle supply and demand dynamics. In addition, I detected an increase in capital expenditures for growth initiatives for AN USA as well as IT and electrification efforts, which, in combination with cash acquisitions, made AutoNation a buy. Yes, there are risks with respect to changes in the credit markets, changes in the environmental regulations, and r ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File Number:1-13107 AUTONATION, INC. (Exact name of registrant as specified in its charter) Delaware 73-1105145 (State or other jur ...

AutoNation, Inc. (NYSE:AN) Q4 2023 Earnings Conference Call February 13, 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 Daniel Imbro - Stephens Rajat Gupta - JPMorgan Michael Ward - Freedom Capital Bret Jordan - Jefferies Douglas Dutton - Evercore Colin Langan - Wells Fargo Operator Hello everyone, and welcome to the AutoNation ...

Fourth Quarter Earnings Release February 13, 2024 ...

AutoNation (AN) reported $6.77 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 1.1%. EPS of $5.02 for the same period compares to $6.37 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $6.65 billion, representing a surprise of +1.82%. The company delivered an EPS surprise of +3.51%, with the consensus EPS estimate being $4.85.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Stree ...

Key PointsSome reasons (already spotted by the pros) why the automotive industry will likely start to break out in expansion soon.Stocks like AutoNation bring the market's hidden message about how high it could go.Markets may force analyst hands to upgrade their EPS projections in the stock soon.5 stocks we like better than O'Reilly AutomotiveMarkers point retail and professional traders to the right places to consider an investment. Today, a specific branch of the manufacturing sector has attracted much of ...

The upcoming report from AutoNation (AN) is expected to reveal quarterly earnings of $4.87 per share, indicating a decline of 23.6% compared to the year-ago period. Analysts forecast revenues of $6.62 billion, representing a decrease of 1.2% year over year.The current level reflects a downward revision of 1.1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Prio ...