AutoNation Launches AutoNation USA and Comprehensive Brand Extension Strategy
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UBS Cuts Price Target and Estimates on AutoNation (AN) Following 3Q
November 1, 2016 8:51 AM EDTUBS maintained a Sell rating on AutoNation Inc. (NYSE: AN), and cut the price target to $43.00 (from $47.00), following the company's 3Q earnings report. UBS lowered 2016 EPS estimates from $4.15 to 4.05.
Analyst Colin Langan commented, "AN shares traded down 4% on Friday following a sales... More
AutoNation (AN) Misses Q3 EPS by 10c; Announces Acquisitions; Approves Additional $250M Stock Buyback
October 28, 2016 8:07 AM EDTAutoNation (NYSE: AN) reported Q3 EPS of $1.05, $0.10 worse than the analyst estimate of $1.15. Revenue for the quarter came in at $5.57 billion versus the consensus estimate of $5.61 billion.
AutoNation today announced that its Board of Directors has authorized the repurchase of up to an additional $250 million of AutoNation's common stock. AutoNation has approximately $316 million total Board authorization remaining for share repurchases with the increased authorization and approximately 101 million shares outstanding as of October 26, 2016. During the third quarter of 2016, AutoNation repurchased one million shares of common stock for an aggregate purchase price of $50... More
