Q3 Earnings Outlook For AutoNation

On Tuesday, October 29, AutoNation AN will release its latest earnings report. Check out Benzinga's preview to understand the implications.

Earnings and Revenue

Wall Street expects EPS of $1.12 and sales around $5.38 billion.

AutoNation EPS in the same period a year ago totaled $1.24. Sales were $5.35 billion. If the company were to match the consensus estimate, earnings would be down 9.68%. Revenue would be up 0.58% from the same quarter last year. Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Stock Performance

Over the last 52-week period, shares are up 20.01%. Given that these returns are generally positive, long-term shareholders can relax going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Analysts have adjusted their estimates lower for EPS and revenues over the past 90 days. The average rating by analysts on AutoNation stock is a Sell. The validity of this rating has maintained conviction over the past 90 days.

Conference Call

AutoNation is scheduled to hold a conference call at 11:00 a.m. ET and it can be accessed here.