AutoNation (NYSE:AN) Outshines Fiscal Fourth Quarter Sales and Profit Forecast; Stock Soars

AutoNation, Inc (NYSE:AN), which operates the biggest chain of auto dealerships in the United States, reported fiscal Q4 earnings moved up 20% as the company declared strong expansion in new vehicle sales that led to higher revenue.

Shares of the automotive retailer hiked 3.9% to settle at $46.50 in premarket trading session as earnings and revenue surpassed forecasts.

Fort Lauderdale, Florida based AutoNation announced a profit of $83.2 million or 67 cents per share, high from $69.4 million or 49 cents per share in the similar period previous year. Revenue moved up 13 percent to $4.17 billion.

Thomson Reuters analysts survey most recently forecasted earnings of 64 cents per share on $4.01 billion of revenue.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Group 1 Automotive, Inc. (NYSE:GPI) rose +1.71% to settle at $67.74, Penske Automotive Group, Inc. (NYSE:PAG) moved up +3.88% to end at $32.92 while Lithia Motors Inc(NYSE:LAD) jumped +3.02% to finish at $43.27on Thursday.

AutoNation, Inc. (NYSE:AN) last session’s volume of 2.19 million shares was higher than its average volume of 898,873 shares. The stock after opening at $45.50 hit high price of $48.56 and then closed at $48.50 by scoring +8.38%.

AN generated revenue of $15.17 billion in the previous twelve months and earned $304.30 million. The Company showed a positive 2.01% in the net profit margin as well as in its operating margin which remained at F4.07%. Company’s annual sales growth for the past five years was -5.36%.

The AN’s past twelve months’ price to sales ratio was 0.39 and price to cash ratio remained 59.89. As far as the returns are concerned, AN’s return on equity was recorded as 16.61% and return on investment increased 8.30% while its return on asset stayed at 4.94%.

The stock showed weekly upbeat performance of 10.20% which was maintained for the month at 22.17%. Likewise the positive performance for the quarter was recorded as 8.72% and for the year was 33.35% while the YTD performance remained at 22.17%.

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